Insolvency and restructuring

Insolvency and restructuring

Our lawyers have extensive experience in handling the challenges faced by companies, management, owners and creditors when a business is in financial difficulties. 

While uncontrolled insolvency causes a loss in economic value for a business and its stakeholders, a successful restructuring ensures the business’s long-term survival. Companies have several restructuring options at their disposal to tackle poor trading performance and unsustainable debt levels.

We find that Haavind’s team show great commercial understanding and care for all involved parties in difficult reconstruction and bankruptcy proceedings,

Chambers & Partners

Our restructuring and insolvency team regularly assist all types of parties in all insolvency related and distressed situations, reaching from restructuring, debt recovery, insolvency related liability cases and bankruptcy proceedings to reconstruction proceedings under the new, temporary act on reconstruction of companies in distress – “The Temporary Act on Reconstruction to Remedy Financial Distressed Caused by the Outbreak of Covid-19″.

While uncontrolled insolvency causes a loss in economic value for a business and its stakeholders, a successful restructuring ensures the business’s long-term survival. Companies have several restructuring options at their disposal to tackle poor trading performance and unsustainable debt levels.

Our restructuring and insolvency team regularly assist all types of parties in all insolvency-related and distressed situations, reaching from restructuring, debt recovery, insolvency-related liability cases and bankruptcy proceedings to reconstruction proceedings under the new, temporary act on the reconstruction of companies in distress – “The Temporary Act on Reconstruction to Remedy Financial Distressed Caused by the Outbreak of Covid-19″.

The unique diversity and wide range of capabilities that come from having extensive experience from all sides of the table allow for a solution-oriented and pragmatic approach to any distressing situation.

We advise on

  • Due diligence and assessments of realistic courses of action in crisis situations 
  • Assessment of loan transactions, guarantees and issues pertaining to the law of mortgages and pledges 
  • Debt settlement proceedings 
  • Execution and assessment of transactions both prior to and after bankruptcy 
  • Advice relating to directors’ liability 
  • Securing creditor interests and debt recovery, including enforcement, securing and injunctions 
  • Voluntary bankruptcy or bankruptcy petitions, as well as handling of claims and outstanding accounts with estates in bankruptcy 
  • Nullity and liability proceedings 
  • International insolvency law