
Restructuring/Insolvency
Europe Guide 2026 : Norway
Rankings

Ranked Individuals
Ranked Individuals
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
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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 respondentEuropeBAHR has a strong team to handle complicated structures and proactively bring valued input to the process.
Restructuring/Insolvency respondentEuropeBAHR offers a very sophisticated, team-based approach.
Restructuring/Insolvency respondentEuropeBAHR has subject-matter experts in different areas.
Restructuring/Insolvency respondentEuropeThe 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 1 
Band 1 
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 2 
Band 2 
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 2 
Band 2 
Ståle Gjengset
Ståle Gjengset advises debtors as well as creditors, including bondholders, on restructuring processes.
Band 4 
Band 4 
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)
Members
Provided by BAHR

Richard Sjøqvist
View profile of Richard Sjøqvist
Ståle Gjengset
View profile of Ståle Gjengset
Peter Aall Simonsen
View profile of Peter Aall Simonsen
Magnus Tønseth
View profile of Magnus Tønseth
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