Restructurings, insolvency and bankruptcy
Our restructurings, insolvency and bankruptcy lawyers advise lenders and other creditors, borrowers, corporate management, boards of directors and owners in situations where businesses have experienced financial pressure. We assist in negotiations on the restructuring of businesses, in debt negotiations/debt restructuring in connection with bankruptcy and/or investigations. We also assist in matters relating to the liability of directors, the CEO and the auditor. Our lawyers are regularly appointed as administrators by Norwegian courts.
- Assisting Norwegian and foreign creditors and banks in assessing and proposing solutions when the financial situation is strained for their customers
- Assisting creditors in enforcing claims against unwilling debtors
- Assisting creditors in debt negotiations
- Assisting in assessing whether a creditor can take legal action against the directors, CEO or auditor.
- We assist in identifying the extent of the problems and help find solutions that provide the foundation for further operations.
- We assist in negotiations with banks, other creditors, contract counterparties and the public authorities.
- We attempt to have an active and constructive dialogue with creditors in order to achieve a debt solution without the involvement of the court.
Debt negotiations under the provisions of the Bankruptcy Act
- Assisting companies undergoing debt negotiations, in collaboration with the court-appointed chair of the debt committee, to continue operations during the proceedings.
- Assisting companies in drafting proposals for debt arrangements and in negotiating with creditors to achieve the necessary support for such proposals.
- Assisting owners or directors when a company is undergoing bankruptcy proceedings
- Drafting bankruptcy petitions
- Assisting employees in situations where it is necessary to initiate bankruptcy proceedings in order to secure wage entitlements
Debt restructuring committees
- Our lawyers are regularly engaged to chair debt restructuring committees.
- Our lawyers are regularly appointed as administrators by Norwegian courts and have extensive experience with bankruptcy proceedings.
- Our lawyers are also appointed administrators in the judicial administration of decedents’ estates.
- Our lawyers are regularly engaged to chair enquiry commissions.
Liability in insolvent companies
- We assist in situations in which liability is asserted against the directors, CEO or auditor.
- We assist in assessing whether a creditor may take legal action against the directors, CEO or auditor.
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The black hole problem—how to lose (or avoid losing) your attorney-client privilege in an M&A deal (2/2)
You have probably heard the next phrase before, but this—actually happened. As mentioned in the previous short piece regarding the black hole problem (1/2), many standardized terms (and boilerplate clauses) may be reused without reflection and become...read more
When did you last time actually read the more standardized terms? Standardized terms (and boilerplate clauses) may—in several aspects of corporate law—be reused without further reflection, being devoid of meaning and therefore becoming a contractual “black...read more