DEPARTMENT PROFILE

Bech-Bruun

Restructuring/Insolvency

5 ranked lawyersBand 1DenmarkEurope 2021 View ranking table

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What the team is known for

Esteemed and well-resourced practice that regularly assists domestic and international creditors with a range of bankruptcy and insolvency issues, including debt structuring. Assists with the administration of estates, including the sale of businesses as going concerns, or liquidates companies' assets through formal insolvency proceedings. Also acts on out-of-court restructurings. Handles bankruptcy matters in a broad range of sectors including manufacturing, construction and retail.

Work highlights

Represented Daurehøj Erhvervsbyg and its creditors in its EUR34 million bankruptcy.

Notable practitioners

Anders Hauge Gløde advises clients on bankruptcies, restructurings and litigation proceedings. A source remarks that "he thinks outside the box," while a second interviewee adds that "he is pragmatic and easy to work with."

Anders Hoffmann Kønigsfeldt regularly acts as appointed trustee on bankruptcies spanning a range of industries. One market commentator states that "he is very practical, knowledgeable, easy to work with and very business-minded."

Clients appreciate that Jørgen Hauschildt "has a commercial approach and is easy to work with." He advises on company wind-ups and estate administration, handling both domestic and cross-border mandates.

Michael Serring is best known for his strength in insolvency litigation advising distressed companies, creditors and other parties in disputes. He also regularly acts as trustee for bankruptcy estates.

Troels Tuxen is known for his work on restructurings and insolvencies, serving domestic as well as international clients. He also regularly acts as administrator for bankruptcy estates.

Department Information

This content is provided by Bech-Bruun.

Overview

Bech-Bruun has many years' experience with all types of insolvency law issues and with assisting enterprises of all sizes and in all industries. We have been involved in some of the largest restructurings and bankruptcies in Denmark.

As tempo and expertise are decisive factors in a restructuring process, we work with external parties and experts from other business areas on raising the capital, managing power, crisis management, etc., necessary to reach the goal; a solution that will ensure continued operation of the enterprise and/or the best possible cover of the creditors' outstanding accounts.

We work to ensure the best possible realisation of assets – either through collective sale of the viable parts of the enterprise or sale of assets, and always on the best possible terms.

Our advisory services include:

• Representation of creditors in connection with distressed loans or recovery of business receivables
• Out-of-court restructuring in the form of agreements with central parties (e.g. banks)
• Conducting restructuring proceedings at the Bankruptcy Court
• Trustee's administration of bankruptcy estates
• Legal proceedings in this connection, for instance in relation to D&O liability, issues relating to charges and guarantees, avoidance, examination of claims, etc.
• Advising on tax implications of composition, restructuring, etc.

We work in close cooperation with the enterprise's management, owners, creditors and other involved parties to reach the best possible solution.