Insolvency and corporate recovery in Norway


BAHR's restructuring team is praised by clients as 'the single best restructuring team, not just in Norway, but in all of Northern Europe'. The group focuses on advising bondholders and is notably acting for Nordic Trustee AS; it also counts a variety of banks on its client roster. The team is led by Richard Sjøqvist, who is well regarded for his restructuring expertise, and includes restructuring litigator Karstein Espelid and capital markets expert Arne Tjaum; both are also key figures in the team for traditional insolvency matters and insolvency litigation. Magnus Tønseth, who handles restructuring and financing transactions, is also noted.

Practice head(s):

Richard Sjøqvist

Other key lawyers:

Magnus Tønseth; Karstein Espelid; Arne Tjaum


‘The firm shows first-class legal competence coupled with commercial acumen.’

‘Impressive skills and knowledge within the field of restructuring and bankruptcy in the financial services industry where multiple parties in many jurisdictions are involved.’

‘The team at BAHR is exceptional. They deliver high quality services, client focus and partner-level attention in all matters.’

‘Magnus Tønseth possesses a rare combination of legal expertise, commercial acumen and personal likeability.’

‘Excellent industry experience and knowledge in combination with commercial understanding.’

‘The restructuring team, led by Magnus Tønseth, is the single best restructuring team, not just in Norway, but in all of Northern Europe. Hands down. Magnus and his team have more knowledge, experience and judgment than most of the other firms combined.’

Key clients

Aker Group

Nordea Bank Norge ASA


Nordic Trustee ASA

Pareto Securities

Norwegian Air Shuttle ASA

Norvestor VI L.P.

ABN Amro


Danske Bank

Work highlights

  • Advised Norwegian Air Shuttle ASA on its substantial $2bn restructuring relating to Covid-19.
  • Assisting Nordea Bank Norge ASA as agent for a syndicate of lenders in connection with the refinancing of Prosafe SE and its subsidiaries.
  • Acting for the largest creditor and bondholder in connection with the complex restructuring of the worldwide paper manufacture Norske Skog.

Kvale Advokatfirma DA

Kvale Advokatfirma DA's team has a significant track-record in high-profile insolvency cases, and also handles a high volume of matters with international aspects. The department, which is particularly active in advising financial institutions, is led by Thomas Piro, who has longstanding expertise in cross-border bankruptcy proceedings and is frequently appointed by the courts as administrator. Key practitioner Tom Hugo Ottesen represents banks and companies in restructurings and refinancing proceedings, while Stine Snertingdalen is noted for her banking and finance expertise. In early 2020, the team was bolstered by the addition of two partners from SANDS, Jon Skjørshammer and Robert Jensen.

Practice head(s):

Thomas Piro

Other key lawyers:

Espen Hamar; Stine Snertingdalen; Tom Hugo Ottesen; Jon Skjørshammer; Robert Jensen


‘Espen Hamar is an excellent lawyer with high integrity. Likeable and calm.’

‘Great team – strength in depth with some stand out individuals.’

‘Tom Hugo Ottesen is a highly respected market leading practitioner.’

‘Stine Snertingdalen is hugely impressive and true star in the market.’

‘It is one of the best firms in Norway in this area. Lengthy experience and commercial approach.’

Key clients

The bankruptcy estates of Norske Skogindustrier and other companies in the Norske Skog company group

The bankruptcy estate of Superdry in Norway

The bankruptcy estate of the Vita company group

The bankruptcy estate of Jotne Mekaniske Verksteder

The bankruptcy estate of WR Entertainment

Collector Bank

Bank 2

Danske Bank

DNB Bank

GIEK (The Norwegian Export Credit Guarantee Agency)

The bankruptcy estate of Oslo Vei

The bankruptcy estate of REC Wafer Norway

Sparebank 1 Østlandet

Sparebank 1 SR-Bank

The bankruptcy estate of the Atlantic Offshore company group

The bankruptcy estate of Tribe Invest

The bankruptcy estate of IMSK SE

The bankruptcy estate of Top-Toy Norge

POP Norge

The bankruptcy estates of Holmsbu Spa & Resort, Nye Holmsbu and Nye Holmsbu Invest

Dilla Holding

Bourbon Management / Bourbon Offshore Norway

The bankruptcy estate of Sikkerhetsleverandøren

Work highlights

  • Handling the bankruptcy estates of Norske Skogindustrier, Norske Skog Holding, Norske Skog Eiendom, Norske Treindustrier and Lysaker Invest, five companies in the Norske Skog group.
  • Handling the bankruptcy estate of Top-Toy Norge, the Norway-based owner and operator of all Toys’R’Us stores in Norway, as well as all stores in another toy retail chain, BR Leker.
  • Handling the bankruptcy estate of Atlantic Offshore AS, which operated the Norway-based Atlantic Offshore company group.

Ro Sommernes Advokatfirma DA

The highly regarded Håvard Wiker heads up Ro Sommernes Advokatfirma DA's insolvency and restructuring practice, which also includes stand-out practitioner Knut Ro. Regularly acting as liquidator, the team, which is particularly active in the oil and gas sector, primarily advises debtors, creditors and mortgagees on corporate recovery issues. Wiker focuses on debt negotiations and bankruptcy cases, while Ro's work benefits from his role as chair of the board for The Bankruptcy Council. In 2020, the team expanded with a series of additions at associate level, and was strengthened by several promotions, including Ole Johan Stensli's promotion to partner.

Practice head(s):

Håvard Wiker

Other key lawyers:

Nils Holger Koefoed; Knut Ro; Ole Johan Stensli


‘Håvard Wiker is solution-oriented and focused on finding practical solutions.’

‘Nils Holger Koefoed is street-smart, commercial, easy to work with and good at dealing with people.’

‘The team, led by Håvard Wiker, is hands-on and has a practical approach when solving issues.’

Key clients


Dolphin Drilling ASA

Gresvig Retail Group AS

Vita Detalj AS

Polarn O. Pyret Norge AS

Boa Offshore AS/Boa OCV AS

Rapp Bomek AS

K A Aurstad AS

Strawberry Equities AS

Jacobsen Elektro AS

Havyard Ship Technology AS

Work highlights

  • Acting as administrator of the bankruptcy estate of EMAS, which was a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry.
  • Acted as administrator of the bankruptcy estate of Gresvig Retail Group AS and six group companies.
  • Assisting with the reconstruction of Polarn O. Pyret Norge AS.

Advokatfirmaet Simonsen Vogt Wiig

At Advokatfirmaet Simonsen Vogt Wiig, the insolvency and corporate recovery team is split between Oslo, Bergen and Trondheim, with Peter Aall Simonsen, Bjørn Åge Hamre and Nils Håkon Risberg heading up the three groups, respectively. The practice is particularly recognised for its work as administrator and creditor counsel in bankruptcy and restructuring cases, and also acts for debtors. It is a key name in the market for banking clients at a domestic and international level, and also assists with matters in the shipping, oil, offshore and real estate industries.

Practice head(s):

Peter Aall Simonsen; Bjørn Åge Hamre; Nils Håkon Risberg


‘Excellent skills and follow up of clients.’

‘My impression of the firm’s performance is exceptional. Has been great to have such experienced and competent lawyers to consult with.’

‘They are taking initiatives and showing creativity.’

Key clients

GIEK (Therwegian Export Credit Guarantee Agency)

BNP Paribas

Nordea Bank

Danske Bank

ING Bank

Bergen tingrett

Nordhordland tingrett

Sør-Trøndelag tingrett

Kristiansand tingrett

Sunnmøre tingrett


DVB Bank


Sparebanken Møre

Olympic Ship

Work highlights

  • Advising three syndicates comprised of 12 international banks in connection on the high-profile second reorganisation of Seadrill Limited, one of the world’s largest offshore rig operators.
  • Acting as administrator for shipyard Kleven Verft AS and its related companies in one of Norway’s largest and most publicised bankruptcies of 2020.
  • Assisted DVB Bank SE with the restructuring of Havila Ships, the operator of a fleet of 27 offshore vessels, and  advised ING Bank N.V., DVB Bank SE and Sparebanken Møre with respect to a second restructuring of Island Offshore, the operator of a fleet of 31 offshore vessels.

Advokatfirmaet Thommessen AS

Advokatfirmaet Thommessen AS has a prominent insolvency and restructuring practice led by Kristoffer Hegdahl. Specialising in financial restructurings, insolvencies and negotiations, the team is regularly involved in top-level domestic deals; it also has expertise in foreign procedures, including Chapter 11 proceedings and Schemes of Arrangement. Hegdahl focuses on financial transactions including financial restructurings, financially distressed scenarios and workouts. Ellen Teresa Heyerdahl is a key member of the restructuring team and covers bank and bond financings, assisting lenders, managers and borrowers.

Practice head(s):

Kristoffer Hegdahl

Other key lawyers:

Ellen Teresa Heyerdahl


‘Kristoffer Hegdahl and Ellen Teresa Heyerdahl, who are partners in the team, are highly recommended. They are attentive and pragmatic in complex matters with multiple stakeholders with various interests.’

‘Kristoffer Hegdahl is exceptional in his field, and provides his services within the short deadlines given – with a smile.’

‘Very commercial and does also have in-depth knowledge of the legal aspects.’

Key clients

Nordic Trustee


Nordea Bank

Danske Bank


GIEK (The Norwegian Export Credit Guarantee Agency)


ABN Amro


The Export-Import Bank of China (CEXIM)


Eksportkreditt (Export Credit Norway)

Eksportfinans ASA



Danish Ship Finance

SpareBank 1 SR-Bank

Sparebank 1 Søre Sunnmøre

Sparebanken Møre

Skandinaviska Enskilda Banken (SEB)

MPC Containerships ASA


Work highlights

  • Advised 18 financial institutions as the secured lenders on the largest financial restructuring in Norwegian history – the financial restructuring of approximately NOK33bn of debt of Norway-based Solstad Offshore ASA.
  • Assisting Danish Ship Finance, Danske Bank, DNB, SMN, Eksportkreditt, Eksportfinans, GIEK and ING as the secured lenders in connection with the financial restructuring of Olympic Subsea.
  • Assisting Seadrill, one of the world’s largest offshore drillers, with its financial restructuring efforts.

Wikborg Rein

Wikborg Rein has a strong international track record in restructuring work and is able to assist with matters in the wider Nordic region as well as Asia-based mandates through its Singapore and Shanghai offices. The department's main strength is in the shipping and offshore sector, where it handles a wide variety of restructuring and insolvency matters. The team is jointly led by Leif Petter Madsen, who has 'unrivalled experience' as a liquidator, and Kaare Christian Tapper, who is widely recognised for his restructuring and financing expertise.

Practice head(s):

Leif Petter Madsen; Kaare Christian Tapper

Other key lawyers:

Johan Astrup Heber


‘Competent, confident and pragmatic.’

‘Extremely solid team when it comes to knowledge, service-minded approach and initiative. They add a lot of value in complex structures and problem-solving in addition to excellent legal advice.’

‘Leif Petter Madsen is unrivalled in insolvency and restructuring experience, always focusing on key points.’

‘Johan Astrup Heber is a hard-working lawyer with excellent legal skills, always aiming for correct, practicable and easy-to-handle solutions.’

Key clients


Havyard Group ASA / Havyard Ship Technology AS

Solstad Offshore ASA

GIEK (Garantiinstituttet for Eksportkreditt)

Floatel International Ltd.

Nordea Bank AB

Danske Bank

Nordic Trustee AS

Sparebank 1 SMN

Music Retail Holding AS/Music Retail Norway AS/Luthman Norway AS (all in bankruptcy)

Atlantica Tender Drilling Ltd.

NorgesGruppen ASA

Innovasjon Norge

Work highlights

  • Advised Solstad Offshore ASA, on its financial restructuring whereby NOK10.9bn of debt was converted into equity, numerous facilities were refinanced, and the full group was restructured.
  • Advising all the secured lenders (and affiliated guarantee institutions) of DOF ASA, and its various subsidiaries, on the ongoing financial restructuring negotiations.
  • Advising Havyard Ship Technology AS and its parent, Havyard Group ASA, on the complete restructuring of HST and the refinancing of existing and future ship-building contracts.

Advokatfirmaet Schjødt

Advokatfirmaet Schjødt is singled out for its cross-border expertise, which spans Norwegian, Swedish and English law, and its knowledge of the oil and gas, and offshore sectors. The firm's managing partner Erling Ueland heads up the department from Stavanger; key names in Oslo include Peter Bugge Hjorth, who handles cross-border restructurings and assists companies and lenders, and Johan Henrik Nossum. Litigation expert Egil Horstad joined the Bergen office from Advokatfirmaet Simonsen Vogt Wiig in 2020.

Practice head(s):

Erling Ueland

Other key lawyers:

Peter Bugge Hjorth; Johan Henrik Nossum; Siv Sandvik; Anders Gullåsen; Egil Horstad


‘Skilled professionals. Driven and with service focus.’

‘The team is in my opinion the strongest insolvency and corporate recovery team in the Norwegian market. The team has highly skilled lawyers and provides a full range of services. They have also a large team located in Stockholm and also expertise located in London, which adds additional value in cross-border matters.’

‘Peter Bugge Hjorth has a strong commercial sense, provides valuable strategic inputs, is clever and hardworking.’

‘Siv Sandvik is very well connected and provided very helpful advice at a reasonable price.’

‘Siv Sandvik’s advice was commercial, clear and helpful.’

‘Experience, availability and ability to explain complex matters in an understandable way.’

‘Peter Bugge Hjorth is of great value as legal adviser due to his commercial and financial understanding joined with legal expertise. He has always provided a top-notch service. Highly recommended.’

Key clients

Nordea Bank Norge ASA / Nordea Bank Abp


Investec Bank Plc.

Skandinaviska Enskilda Banken AB

Danske Bank

Songa Offshore SE

Proserv Operations Ltd.

Prosafe SE

Lundin Petroleum

Ocean Yield ASA

Aker Biomarine ASA

BNP Paribas

CFG Peru Investments Pte. Ltd and other group companies

Nordic Trustee AS

Norvestor Equity AS

FSN Capital AS


Export Credit Norway (Eksportkreditt Norge AS)

Scotch & Soda B.V.

Parfümerie Douglas GmbH

Advokatfirmaet Thommessen AS

DVB Bank SE / DVB Group Merchant Group (Asia) Limited / DVB Bank America N.V.

Incus Investor ASA

Sydvaranger AS

Tschudi Shipping Company AS

Epsilon Capital AS

Gresvig Retail Group


Danmarks Skibskredit A/S


ING Bank N.V.

Sparebanken Vest / Sparebanken Møre

Sparebank 1 SR-Bank ASA

Swedbank AB


Standard Chartered

Themoon AS

Mobylife AS (bankruptcy estate)

Norske Skogindustrier ASA (bankruptcy estate)

Work highlights

  • Advising Prosafe SE on the ongoing restructuring of the Prosafe Group.
  • Acting as legal adviser to a majority of the unsecured bondholders of the bankrupt estate of Norske Skogindustrier ASA and assisting with the investigation commenced by the estate and involved creditors.
  • Advising Nordic Trustee AS and bondholders on two separate senior secured bonds issued by Havila Shipping ASA and the restructuring of Havila Shipping ASA.

Advokatfirmaet Haavind AS

Advokatfirmaet Haavind AS fields 'one of the best insolvency teams in Norway', which is led by stand-out practitioner Ellen Schult Ulriksen and frequently handles debtor and creditor work for private and public sector clients. Recognised for its strong liquidation mandates, the department also acts as court-appointed trustee in complex bankruptcies, with particular expertise in the retail sector. The team also counts banks, bondholders, creditors and corporations on its client roster, and is active in corporate and financial restructurings.

Practice head(s):

Ellen Schult Ulriksen


‘Haavind has a very experienced insolvency team. They are very efficient and capable. In our opinion, the team is one of the best in Norway.’

‘Ellen Schult Ulriksen is one of the absolute best Norwegian lawyers within this category.’

‘Partner and team head Ellen Schult Ulriksen is very skilled, regularly appointed as trustee in large bankruptcies, experienced in international cases, very pragmatic and solution-oriented.’

‘Competent and practical team with client-focus and ability and experience to handle larger bankruptcies and medium-sized restructurings.’

Key clients

Santander Consumer Bank AS

Agrinos AS

Kleven Prosjekt 401 AS

Wagno AS

Masai AS

Notabene AS

Gloria Forlag AS

Work highlights

  • Appointed as trustee of Agrinos AS, which has subsidiaries in North America, Asia and Europe.
  • Appointed as administrator for the debt settlement negotiations of Kleven Prosjekt 401 AS.
  • Appointed as trustee of Wagno AS.


The department at Wiersholm has been notably active in restructurings and workouts, with a significant emphasis on financial restructuring mandates in the shipping and offshore industries. The team assists all types of clients, encompassing debtors, banks and bondholders as well as buyers, lenders and distressed companies. The practice also has an international reach thanks to practice head Ståle Gjengset's experience in cross-border matters, acting for industrial companies, financial institutions and investment banks.

Practice head(s):

Ståle Gjengset

Other key lawyers:

Kaare P Sverdrup; Kristine Hasle; Atle Gabrielsen

Key clients

The Ministry of Trade, Industry and Fisheries/The Kingdom of Norway

Polarcus Limited

Norske Skog AS/Norske Skogindustrier ASA


Sparebank 1 SR-Bank ASA

Altor Equity Partners

Olympic Subsea ASA

Nordic Trustee ASA

Viking Supply Ships A/S

Archer Limited

Work highlights

  • Assisted Norske Skog AS with Oceanwood’s acquisition of the company in an enforcement sale of the shares in the company managed by Citibank (London) as security agent.
  • Acted as lead counsel to Archer Limited on the restructuring of the group’s bank debt and shareholder loans.
  • Acting as lead counsel to Siem Offshore Inc. in connection with the restructuring of the group’s bank debt and bond loan agreements.

Arntzen de Besche

Arntzen de Besche is singled out for its debt and corporate restructuring ability, which it combines with expertise in asset recovery litigation to handle work for banks, bondholders and companies. The team acts in insolvency and bankruptcy proceedings, and assists with crisis management issues, financing work, restructurings and debt settlements. Joint practice heads Joar Grimsbu and Trond Kildal are the key names to note. Siril Visnes joined from Advokatfirmaet Thommessen AS in mid-2020.

Practice head(s):

Joar Grimsbu; Trond Kildal

Other key lawyers:

Stein Knut Tonning; Siril Visnes


‘Siril Visnes: excellent cooperation, very good legal advice, very good business understanding and excellent follow-up.’

‘Insolvency and corporate practice on a very high level, with outstanding quality and delivery always on time.’

‘Arntzen de Besche has a unique position as highly competent in corporate restructuring work and bankruptcy proceedings.’

‘Very knowledgeable and service-minded lawyers. Very high level of expertise. I have mostly worked with Joar Grimsbu and Stein Knut Tonning and find them very professional and highly skilled lawyers. They are the city’s best lawyers in their field.’

‘Very proactive team, always ready to swap ideas, and work hard to provide workable solutions.’

Key clients

Reinertsen AS


Sparebank1 SMN

Nyrstar NV

Sør-Trøndelag District Court

Inntrøndelag District Court




Work highlights

  • Advising on the high-profile debt restructuring process of oil service and offshore construction contractor Reinertsen AS involving $200m of debt.
  • Advising Norfund on the negotiation, documentation and completion of the financing, refinancing and restructuring of Green Resources AS (GRAS), which involves five jurisdictions.
  • Administering the bankrupt estate of Albert E Olsen AS, a Norwegian trade company, with claims exceeding NOK185m.

DLA Piper

DLA Piper regularly acts on regional restructuring and insolvency matters and also leverages its global capabilities to handle cross-border mandates, with notable expertise in bankruptcy proceedings in the hotel industry. Egil Hatling focuses on securities work, business analysis issues, schemes of arrangement and debt negotiations, while also working as a court-appointed administrator. Frode Finnøy  leads the team.

Practice head(s):

Frode Finnøy

Other key lawyers:

Egil Hatling


‘A solid team with valuable experience within the area.’

‘Egil Hatling is very accessible and has a very good instinct for practical solutions.’

‘Egil Hatling is refreshingly clear in his priorities, and did not hesitate to make necessary, albeit unpopular decisions in order to bring matters forward. He is a tough negotiator.’

‘Well diversified team, with complementary skills. A “never give up” attitude.’

Key clients


Indigo Finans AS

IK Gruppen

The Future Group AS

Gerevan Trading

Eltek Holding AS

Subsea 7


Polygon AS

Zurich Insurance

Western Union

Gasmann Holding


Aegis/C.J. Coleman, Lloyd’s Syndicate.

Betonmast Hæhre

Hubrick Ltd

OC Industrier AS

Sichuan Road & Bridge (Group) Corporation Ltd.

Vincent Group Ltd.

The Norwegian Cosmetics Association

Cyrus Capital LP

S Wood AS

Lunder & Aas AS

Work highlights

  • Administrating the bankruptcy proceedings of the Maribel Hotel Group.
  • Appointed as trustee of the bankruptcy proceedings of S Wood and advising on the liquidation of the company.
  • Representing Hubrick in a US-based dispute with Norwegian billionaire Michael Stang Treschow regarding the ownership of FaZe Clan and Clout Gang.

Kluge Advokatfirma AS

Kluge Advokatfirma AS' practice stands out for its involvement in restructurings in the industrial, real estate and energy sectors. Primarily recognised for representing companies in distress in claims against Norwegian banks, the insolvency and restructuring team is led by corporate restructuring and litigation expert Hans Ingvald Stensholdt and includes key figure Dag Thomas Hansson, who focuses on banking work and financial structures.

Practice head(s):

Hans Ingvald Stensholdt

Other key lawyers:

Dag Thomas Hansson

Key clients

Nordic Trustee

Bane NOR

Bennett Management Corp


Herøya Industripark AS

Energima AS

GMC Maritime AS

Glander International Bunkering

Work highlights

  • Advised Nordic Trustee on restructuring of Solstad Offshore’s NOK1bn bond loan.
  • Advised Bane NOR on the restructuring of the NOK3.2bn Follo project due to Italian constructer Condotte undergoing restructuring proceedings in Italy.
  • Advised a creditor group led by Energima on the bankruptcy proceedings of Norsk Enøk and Energi (NEE).

Advokatfirmaet Selmer AS

Advokatfirmaet Selmer AS' restructuring and insolvency department draws its strength from the wider shipping and offshore practice and covers financial restructurings in the oil, shipping, yard and offshore sectors. Team head Tor Herdlevær is particularly recognised in the space; Thomas Steen Brandi and Per Morten Christiansen are also key names to note.

Practice head(s):

Tor Herdlevær

Other key lawyers:

Thomas Steen Brandi; Per Morten Christiansen


‘Professional, friendly, commercial and smart.’

‘Commercial and experienced.’

‘Tor Herdlevær provides exceptional legal services for financial intuitions and companies in distress. He has a fantastic ability to present and structure complex cases in a way that makes it easier for his clients to make the right decisions and focus on the matters that will drive the process in the right direction and to come to the best possible solution. This, together with his commercial and industry knowledge, unique ability to negotiate with any opponent and find solutions, are qualities I value.’

Key clients

Sparebank 1 SMN

Sparebanken Vest


Eksportkreditt Norge

Sparebanken Møre

Sparebank1 Sogn og Fjordane

Sparebank1 Søre Sunnmøre

Kleven Maritime Invest

Nemaska Lithium

Goodtech ASA

City Con

Norwegian Crystals

Roxel Group

Work highlights

  • Advising Sparebank 1 SMN and all the construction finance lenders on one of the largest ship yard restructurings in Norway, Havyard Group.
  • Advised Nemaska Lithium as Norwegian counsel on its outstanding bonds governed by Norwegian law.
  • Advised Kleven Maritime, the owner of two major Norwegian shipyards, on two rounds of complicated financial restructurings.

Advokatfirmaet Ræder AS

Advokatfirmaet Ræder AS provides specialist advice on a wide range of work spanning bankruptcy, restructuring and asset recovery mandates. The practice is experienced in acting for various parties, including company management teams, creditors, debtors, lenders and employees. Anne Christine Wettre heads up the team, and is supported by the highly experienced Erling Opdal.

Practice head(s):

Anne Christine Wettre

Other key lawyers:

Erling Opdal; Anne Gro Enger; Hanne Brun Haugen; Joar Heide


‘Erling Opdal and Joar Heide stand out. They are very knowledgeable, effective and thoughtful.’

‘Anne Christine Wettre has led our collaboration and has provided nothing less than outstanding counsel. She is pragmatic and very thorough in her way of working. We feel that one key aspect that makes her stand out amongst other great lawyers is that she really cares about the client and the case, and that shines through in her work as well. She sees the desired end-outcome and has an incredible eye for how to achieve that outcome, looking beyond a traditional framework for how to get there.’

‘Ræder has a team that have been able to assist us in a unique way due to their specialized knowledge of the relevant laws in our particular case. We also feel that they have put in unusual effort and really cared about us as a client, beyond what could be expected of any professional legal counsel. They are easy to work with and are transparent in the way they are approaching the case.’

‘They are very dedicated to giving us the right lawyer for the job. They are as professional as expected from a large law firm, but they are also give us the personal attention as if they were a small firm. Always well prepared.’

Key clients

Oslo City Court

Amesto Accounthouse

Euler Hermes Credit Insurance

Norges Blindeforbund

Ryde Technology AS

Norwegian Block Exchange AS

Thomas Waal

Oslo Chambers of Commerce

Brødrene Ringstad

Vexta AS

Oslo Drosjeeieres innkjøpslag

Bo Klokt AS / BKH AS

Basal AS

Malmlaft Eiendom AS / CH Skog AS

Tinfos AS

Interimleder AS

Teko Trading AS

Work highlights

  • Acting on the administration of the bankruptcy estate of Hudya Group AS.
  • Advising on the administration of the bankruptcy estate of Vlantana Norge AS, one of the biggest transportation companies in Norway.
  • Assisting with the administration of the bankruptcy estate of Epinion Norge AS, a leading supplier of market surveys.

Advokatfirmaet Grette AS

Advokatfirmaet Grette AS advises on the restructuring of financially distressed companies, for both lenders and borrowers. Thomas J. Fjell heads up the team; he focuses his practice on advising board members, shareholders, bond and bank debt providers on financial workouts and restructurings. Litigation specialist Jacob S. Bjønness-Jacobsen is also active in this space.

Practice head(s):

Thomas J. Fjell

Other key lawyers:

Jacob S. Bjønness-Jacobsen


‘Responsive, commercial advice and deep bench of expertise. Great to work with.’

Key clients

Rapp Bomek AS

Oceanteam ASA

Adolfsen Gruppen AS

Primex Norway AS

If Skadeforsikring NUF

Fosun Travel Group

Bohus AS

Ferda AS

NILU (Norwegian Institute for Air Research)

Work highlights

  • Assisting Rapp Bomek AS and Nord Kapitalforvaltning AS with the restructuring and refinancing of the Bomek Group and the establishment of a new corporate structure.
  • Advising Oceanteam ASA on the financial restructuring of the group, including negotiations with bank lenders, bondholders and equity providers.
  • Assisting Rana Gruber with securing its claim for payment of shipments of iron ore to British Steel Ltd.


SANDS is recognised for acting for companies in financial crises, with a particular focus on restructuring work, refinancings and creditor negotiations. Andreas Fuglesang, Stein Hegdal and Terje Bjørndahl are the key names.

Other key lawyers:

Andreas Fuglesang; Stein Hegdal; Terje Bjørndahl