About

Provided by Advokatfirmaet Schjødt

Our restructuring & insolvency team is a specialized unit focusing on the restructuring of companies, transactions before and after bankruptcy, debt settlement negotiations, creditor recovery, advisory services relating to directors' liability and risk management related to situations where a party is in financial distress. When intermediate liquidity financing is required, we assist in structuring collateral security.

We regularly represent players in the financial sector, such as leading banks and financial institutions, investment firms and investment funds. With extensive experience in oil and gas operations, construction, capital and securities market, trade, industry, real estate, shipping, seismic industry, aquaculture and fisheries, assistance from Schjødt will ensure the necessary expertise in crisis management of insolvency situations.

What we do:

  • Assisting companies, mortgagees, bondholders, suppliers, customers or other creditors in distressed situations
  • Restructuring of companies and corporations based on legal, operational and financial evaluations
  • Conducting transactions with companies before or after bankruptcy and/or debt negotiations
  • Transactions, claims and balances in regard to bankruptcy estates, including claims for retention of title at the expense of the bankruptcy estate's seizure of assets
  • Enforcing mortgages, pursuing provisional security and arrest
  • Arrest of vessels and handling forced sales and transactions within the shipping sector

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Norway

2
Band 2

What the Team is Known For

Schjødt has a strong restructuring offering from its Bergen and Oslo offices, with particular expertise in the energy and shipping sectors. The law firm advises both lenders and borrowers on complex financial restructuring mandates and is especially known for its bond restructuring work and experience advising bondholders. The practice has particular strength acting for banks, institutional investors and global hedge funds, as well as receiving appointments by the court as administrator.

Work Highlights

  • Schjødt acted as Nordic counsel to the largest bondholder group on the restructuring of Intrum.

Strengths

Provided by Chambers

Notable Practitioners

Provided by Chambers

Egil Horstad
2
Egil Horstad
2
Band 2

The Bergen-based Egil Horstad regularly acts as court-appointed administrator and trustee on bankruptcy proceedings, in addition to assisting with the development of reconstruction plans. He also represents creditors, and has experience in collection claims and enforcement proceedings.

Egil Horstad delivers solid quality.

Peter Bugge Hjorth
2
Peter Bugge Hjorth
Head of Restructuring/Insolvency
2
Band 2
Peter Bugge Hjorth advises both lenders and borrowers on debt restructuring matters and recovery proceedings.

Peter is very much in the market as a cross-border restructuring specialist.

Peter brings a combination of highly proficient technical skills, commerciality and client focus, which makes him an excellent restructuring partner and great to work with.

Siv Sandvik
3
Siv Sandvik
3
Band 3
Siv Sandvik is active in significant domestic restructuring mandates and has additional expertise in bankruptcy cases. She is often appointed as an administrator by the courts.
Johan Henrik Nossum
4
Johan Henrik Nossum
4
Band 4

Johan Henrik Nossum advises on liability issues, as well as debt recovery matters and distressed acquisitions. He also acts as a court-appointed administrator to bankruptcy estates.

Ranked Lawyers at
Advokatfirmaet Schjødt

Provided by Chambers
Filter by
Band

Norway

Restructuring/Insolvency

Egil Horstad
2
Egil Horstad
2
Band 2
Peter Bugge Hjorth
2
Peter Bugge Hjorth
Head of Restructuring/Insolvency
2
Band 2
Siv Sandvik
3
Siv Sandvik
3
Band 3
Johan Henrik Nossum
4
Johan Henrik Nossum
4
Band 4

Members

Provided by Advokatfirmaet Schjødt

Amalie Osnes Opdal

Diego Bergheim

Egil Horstad

Egil Horstad

Head of Department

Mathias Anker Paulsen

Peter Bugge Hjorth

Peter Bugge Hjorth

Head of Department

Clients

Provided by Advokatfirmaet Schjødt

Altera Infrastructure Holdings L.L.C

Archer Ltd

Bakkegruppen AS

DNB Bank ASA

Mime Petroleum

Nordea Bank Abp

Nordic Trustee AS

Prosafe SE

SAS AB

SAS Norge AS