Restructuring/Insolvency
Europe Guide 2024 : Norway
Band 3
About
Provided by Wiersholm
Our team has substantial experience with restructuring of both private and listed companies nationally and internationally. We have long experience with assisting a number of different parties in these processes, such as banks and bondholders, the companies that are in a challenging financial situation, buyers and other stakeholders, and investors who wish to invest in companies with a need for restructuring. Our broad experience means that we see the big picture and are able to give marked-based advice.
Our assistance includes strategic advice, negotiation, and preparation of agreements and documentation in connection with voluntary arrangements, moratoriums, refinancing processes and stand-still periods. For international businesses, we consider the interplay between Norwegian rules for insolvency and restructuring and the rules of other countries, including Chapter 11 in the USA and similar rules in Singapore and in the UK.
Chambers Review
Wiersholm often advises distressed companies and bondholders, as well as assisting companies with the purchase of distressed assets, including both domestic and cross-border transactions. The team acts for clients from a range of industries, including construction, aviation, shipping and the offshore sectors.
Work Highlights
- Wiersholm acted for SFL Corporation as creditor, and Hemen Holding and Sterna Finance as shareholders and creditors, in the restructuring of Solstad Offshore.
Strengths
Provided by Chambers
"Wiersholm's team is very impressive. They always respond to us quickly and concisely."
"Wiersholm's team is very impressive. They always respond to us quickly and concisely."
Notable Practitioners
Ståle Gjengset leads the practice at Wiersholm. He advises debtors as well as creditors, including bondholders, on restructuring processes.
"Ståle Gjengset is a very good deal-maker."
Ranked Lawyers at
Wiersholm
Norway
Industries
Provided by Wiersholm
Aerospace & Defence
Banks
Energy
Financial Services
Forestry & Paper
Mining & Metals
Real Estate
Real Estate Finance
Telecommunications
Transportation