Restructuring/Insolvency | Europe

Vinge has a diverse practice that extends from the management of out-of-court restructuring processes into the representation of creditors in formal insolvencies. The law firm has experience on the debtor side of capital markets issuances undertaken for recapitalisation purposes. It acts for international companies seeking to restructure or liquidate their local Swedish operations, and it assists investment funds or corporate buyers with the acquisition of assets from companies undergoing formal restructuring processes. It also represents both bank lenders and trade creditors in litigation seeking the recovery of debt in insolvent Swedish or foreign-headquartered companies.

Roschier has an outstanding reputation for its capacity to handle both out-of-court and formal restructurings, with significant expertise acting either for bondholders or for bank lenders on the protection of their interests in ailing Swedish corporates. The law firm assists banks with the sale of their exposures in companies undergoing restructuring processes. It advises on judicial compositions and assists with the conversion of debt into equity or hybrid securities. It also advises investors on acquisitions of distressed debt.

Cederquist is a strong choice to handle complex debt restructurings. It advises major banks on out-of-court restructurings that necessitate the amendment of loan agreements made in favour of struggling borrowers. It represents the interests of individual lenders or lender syndicates in formal insolvency processes, including in cases that raise issues relating to parent company liability. The law firm has additional experience in both the buy and the sell sides of distressed M&A transactions.

Cirio has a highly regarded restructuring and bankruptcy practice, with its lawyers frequently acting as court-appointed administrators, receivers and liquidators on high-value proceedings. The law firm additionally acts for trade creditors on the protection of their interests through restructuring or insolvency processes. It has further experience in distressed M&A mandates.

CMS Wistrand benefits from a considerable number of partners at different levels of seniority who all attract attention for their work as appointed trustee, administrator or liquidator of struggling Swedish companies. The lawyers are active on matters across many sectors, including automotive, manufacturing and engineering. In addition to its administrator work, the law firm advises trade creditors on the protection of their interests during the restructuring or insolvency of customers, suppliers or group companies. It has further experience in distressed M&A mandates.

DLA Piper's Stockholm office has a strong bench of experienced insolvency practitioners who are frequently appointed in high-profile bankruptcies, liquidations and court-led reorganisations. Its lawyers have been appointed reconstructor in formal proceedings seeking to rescue major Swedish retailers. The team handles claw-back actions and criminal investigation on behalf of insolvent companies. It stands out as an excellent choice to handle insolvency or restructuring mandates with important cross-border implications.

Gernandt & Danielsson is best known for its work on behalf of bondholders participating either in out-of-court negotiations or formal procedures for the restructuring of capital markets debt. The law firm's work on the debtor side of hugely significant Swedish reorganisations is testament to its broader restructuring capabilities. The team also represents local municipalities in restructuring-related financing transactions.

Mannheimer Swartling is one of Sweden's top finance practices, which contributes to its success in winning instructions on any subsequent restructurings of bank or capital markets debt. In addition to its work on behalf of key Swedish banks, the law firm acts for debtors on refinancing transactions or filings for formal reorganisations. It also advises trade creditors on the protection of their interests during the reorganisation or bankruptcy of commercial partners.