Department profile
BAHR

Restructuring/Insolvency

Europe Guide 2026 : Norway


BAHR

Rankings

About

Provided by BAHR

BAHR represents financial institutions, investment banks, bondholders, trustees and other clients who need top quality advice in challenging circumstances. We offer extensive experience of insolvency processes in Norway, the US, the UK, Singapore and elsewhere. Whatever the situation, we aim to achieve the best possible settlement for our clients, ideally without resort to formal proceedings. However we also work closely with our dispute resolution group when cases turn contentious. 

Known as a ‘go to’ firm for major lenders in the largest international transactions, we are a core counsel for some of the most active banks in Norway. We are also notable as Norway’s number one bondholder firm through our work for the Nordic Trustee ASA, as well as a number of investment banks. Consequently we have a key role in every major bond default that takes place in Norway.

With Norwegian legislation being far from ideal when it comes to negotiating complex debt settlements, achieving a successful agreement demands broad knowledge of alternative procedures. BAHR’s practical, creative, highly skilled lawyers have that knowledge.

Chambers Review

Provided by Chambers

Restructuring/Insolvency - Norway

Band 1

Band 1


What the Team is Known For
BAHR has an impressive practice reputed for its capabilities in restructuring matters. The law firm handles issues relating to corporate reorganisation, financial restructuring and recoveries. The team is particularly well known for representing bondholders, banks and distressed companies. The practice advises on contentious cases, including cross-border enforcement proceedings.

Work Highlights

Provided by Chambers

  • BAHR assisted Hurtigruten with its recapitalisation and restructuring.

Strengths

Provided by Chambers

  • BAHR is very proactive in seeing situations that may arise.

    Restructuring/Insolvency respondentEurope
  • BAHR has a strong team to handle complicated structures and proactively bring valued input to the process.

    Restructuring/Insolvency respondentEurope
  • BAHR offers a very sophisticated, team-based approach.

    Restructuring/Insolvency respondentEurope
  • BAHR has subject-matter experts in different areas.

    Restructuring/Insolvency respondentEurope
  • The BAHR team is extremely committed and has a very good understanding of how to handle complex restructuring.

    Restructuring/Insolvency respondentEurope

Notable Practitioners

Provided by Chambers

  • Band 1Richard Sjøqvist
    Band 1Richard Sjøqvist

    Richard Sjøqvist

    Richard Sjøqvist heads the department and is a market-leading practitioner who regularly advises bondholders and distressed companies on a broad range of restructuring mandates.
    • Richard Sjøqvist provides good support in complex processes.

      Restructuring/Insolvency respondentEurope
  • Band 2Magnus Tønseth
    Band 2Magnus Tønseth

    Magnus Tønseth

    Magnus Tønseth advises lending syndicates and bondholders on restructuring matters involving the offshore and energy sectors.
    • He is an experienced restructuring lawyer and a tough negotiator with a great sense of the commercial aspects in a restructuring transaction.

      Restructuring/Insolvency respondentEurope
  • Band 2Ståle Gjengset
    Band 2Ståle Gjengset

    Ståle Gjengset

    Ståle Gjengset advises debtors as well as creditors, including bondholders, on restructuring processes.

  • Band 4Peter Aall Simonsen
    Band 4Peter Aall Simonsen

    Peter Aall Simonsen

    Peter Aall Simonsen advises on debt restructuring and enforcement proceedings, especially in the offshore and energy sectors.

Ranked Individuals at BAHR (4)

Norway

Members

Provided by BAHR

What success is built on

Chambers is the leading data and intelligence partner for the legal sector.

Explore thought leadership