Poul Schmith, Restructuring/Insolvency | Chambers Europe Profile

About

Provided by Poul Schmith

Poul Schmith has the largest restructuring and insolvency departments in the country, with over 140 practitioners dedicated to this practice area.
The firm has impressive expertise covering all aspects of restructuring and insolvency law. The team regularly assists with large scale matters involving complicated debt collection proceedings, bankruptcy administration, debt restructuring, restructuring pursuant to inter creditor/stand still agreements; and court proceedings concerning insolvency, tort law, finance law, civil fraud and M&A.
Poul Schmith is well-known in the Danish market as a trusted advisor to the state on high-profile matters involving bankruptcy and debt collection. In addition to this, the firm has continued to broaden the scope of its practice, and increasingly acts for other public clients, financial institutions and clients from the private sector.
Poul Schmith advises on one of the largest and most high-profile cases in the market as the firm represented the Danish tax authorities in the recovery of unjustified refunds of withheld dividends tax of DKK 12,7 billion. An enormous litigation with cross-border cooperation, enforcement and instruction of local counsel in seven separate jurisdictions. The firm’s practice is headed by highly experienced partner and market leader Boris Frederiksen.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Denmark

Band 1

What the Team is Known For

Poul Schmith has a market-leading insolvency team that is particularly recommended for the recovery of tax liabilities from insolvent companies or individuals. The law firm often acts as trustee and liquidator on high-profile bankruptcies, with experience in the sale of real estate assets. The practice also advises on significant personal bankruptcies. The department acts for key public sector clients and a wide range of financial institutions as creditors. The legal team also handles criminal matters relating to insolvencies, in particular tax fraud.

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Strengths

Provided by Chambers

"Poul Schmith is instructed on large and very complex cases where there is a great need to negotiate agreements in a pragmatic way. The law firm has a large breadth in its organisation."

Restructuring/Insolvency respondent
Europe

"The lawyers are skilled and the law firm has a huge bankruptcy department."

Restructuring/Insolvency respondent
Europe

"Poul Schmith is instructed on large and very complex cases where there is a great need to negotiate agreements in a pragmatic way. The law firm has a large breadth in its organisation."

Restructuring/Insolvency respondent
Europe

"The lawyers are skilled and the law firm has a huge bankruptcy department."

Restructuring/Insolvency respondent
Europe

Notable Practitioners

Provided by Chambers

Boris Frederiksen

Head of Restructuring/Insolvency

Band 1

Head of department Boris Frederiksen is a notable presence regularly advising on large bankruptcy matters, often in the financial services and insurance industries. He is also frequently appointed trustee or liquidator for distressed companies and advises the Danish tax authorities on the recovery of unjustified refunds of withheld dividend tax.

"Boris Frederiksen handles all of the big cases in Denmark."

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Rune Tandgaard Derno

Band 2

Rune Tandgaard Derno has a broad practice assisting clients, such as the Danish Ministry of Taxation, with the recovery and collection of highly valuable debts and refunds. He also advises companies on bankruptcy as well as creditors on various claims.

"He is very service-minded, extremely able in complex and detailed legal questions and also a great person to work with."

"He always shows great expertise and has a good ability to communicate, and thereby achieve good results."

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Simon Lagrelius

Band 4

Simon Lagrelius handles a range of mandates, offering experience in restructuring and refinancing cases, as well as serving as bankruptcy trustee.

"Simon Lagrelius is amazingly business-minded and responsive."

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Cathrine Wollenberg Zittan

Up and Coming

The up-and-coming Cathrine Wollenberg Zittan is regularly appointed trustee and often advises companies in bankruptcy. She also assists clients with a number of complex fraud-related cases.

"Cathrine Wollenberg Zittan is a very good and upcoming star."

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