Insolvency, Restructuring, and Bankruptcy
We assist lenders, borrowers, company management, and individual creditors in negotiations regarding business restructuring, debt relief, and bankruptcy.
Our bankruptcy lawyers provide legal and strategic advice in the following types of cases:
- Evaluation of whether a business facing financial difficulties can and should be restructured under the Restructuring Act. The Restructuring Act provides effective tools that can help a company regain financial stability, often through debt reduction combined with an injection of new equity. The first step is to conduct an analysis of the company’s financial status and how it can be improved using the tools provided by the law.
- We provide advice on all aspects of the process and can assist in negotiations with banks, creditors, contractual counterparties, and government authorities.
- If it is not feasible to save the existing business through restructuring, we can provide advice and assistance in connection with the petition for liquidation, assist the former management during the bankruptcy proceedings, and potentially assist in the purchase of assets from the estate. Our bankruptcy lawyers are regularly appointed as trustees by the Hordaland District Court and are currently handling a number of bankruptcy cases, several of which have been among the largest on the West Coast. Furthermore, we serve as restructuring agents under the Restructuring Act.
