Adv Åke J. Fors > Setterwalls > Stockholm, Sweden > Lawyer Profile

Setterwalls
STUREGATAN 10
PO BOX 1050
101 39 STOCKHOLM
Sweden

Work Department

Banking and finance, Corporate law, Insurance law, Maritime and Transport law, Dispute resolution, Restructuring and insolvency, Arbitration.

Position

Partner

Since the 1980s, Åke J. Fors has assisted Swedish and foreign companies, public authorities and institutions with advice within a broad spectrum of law, primarily within the financial sector, and often with international connections.

Mr Fors main areas of practice are finance law and arbitration. He also has substantial experience of insurance and reinsurance law. He has worked for more than 35 years within these areas of law, with employment in Sweden and the USA, and also otherwise internationally in court proceedings and transactions, such as project financing. On a number of occasions, he has been nominated as one of the foremost Swedish lawyers within finance law and company law (and on three occasions, most recently in May 2017, nominated one of Sweden’s foremost business lawyers by lawyer colleagues in the periodical Legally Yours).

During more than 25 years Mr Fors has taught at the Faculty of Law at Stockholm University, and he has written articles on various legal subjects. He has also had a number of arbitrator appointments. He served as head of Setterwalls’ financial market, banking, finance and insurance team during 2005-2020.

Career

1987- Setterwalls
1987 Hedberg & Johnsson
1985-1986 Haight, Gardner, Poor & Havens, New York and Lillick & Charles, San Francisco
1983-1985, Stockholm District Court, law clerk

Languages

Swedish, English and German.

Memberships

Swedish Bar Association

Education

1982, University of Oslo (Maritime Law)
1982, University of Lund (LL.M.)
1981-1982, Civil Law, University of Lund, research assistant at the Faculty of Law

Lawyer Rankings

Sweden > Banking and finance

(Hall of Fame)

Åke ForsSetterwalls

Setterwalls‘ deep banking and finance bench houses expert practitioners across the entire range of disciplines. Dominant financial institutions including all major Nordic banks instruct co-head Mikael Magnusson, Carl Lindencrona handles a range of debt financing transactions, and co-head Jesper Kuschel leads on high-value real estate transactions for lenders and borrowers. Showcasing his industry reputation, Åke Fors is retained by major government bodies including the Swedish Central Bank to advise on export credit and multilateral lending issues. The regulatory practice, which fields counsel Andreas Löfholm, was strengthened by the recruitment of specialist counsel Tobias Björklund from the Swedish FSA. Jonas Frii also contributes to the practice.

Sweden > Insolvency

Setterwalls provides advice to clients on all aspects of restructurings as well as insolvency related matters with a focus on debt restructuring matters which involve loan restructurings, distressed debt trading issues and out-of-court refinancings. The team, headed up by finance and arbitration specialist Åke Fors, further advises on contingency planning work, distressed transactions and formal insolvency proceedings. Carl Lindencrona and Mikael Magnusson act for financial institutions, borrowers and investors on workouts and restructurings and are well versed in a variety of debt instruments.

Sweden > Insurance

Setterwalls has a strong presence in the Swedish insurance market, and with a strategic focus on contentious matters, the practice also provides advisory services, encompassing transactional and regulatory mandates. On the contentious side, the firm is well known for litigation and arbitration proceedings, and disputes concerning insurance coverage. The team is headed up by veteran insurance practitioner Åke Fors, who is recommended for transactional work and arbitrations, and has particular experience in the maritime sector. Johannes Ericson is recommended for disputes and is experienced in commercial litigation.

Sweden > Shipping

Under the leadership of finance and insurance specialist Åke Fors, Setterwalls’ maritime and transport group stands out for its commercial experience and knowledge of shipping insurance issues, acting for a range of P&I clubs in insurance claims. Other areas of expertise include regulatory matters, transport agreements and charter parties. Håkan Fohlin is a key contact for collision cases, Martin Sandgren handles charter parties and shipbuilding and sale contracts, and associate Samuel Pihl focuses on insurance work.