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Poul Schmith

Poul Schmith

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Denmark

1

Insolvency

Poul Schmith has a strong reputation in the Danish insolvency space thanks to its connection to the Danish tax authorities, and has notable expertise in representing public entities in insolvency proceedings. The team also handles investigations into large Danish institutions, and works as liquidator in cross-border bankruptcies. Boris Frederiksen is head of the team, and is adept at handling restructurings, contract administration issues, reorganisations and liability assessments; clients praise his ability to ‘see the big picture and play the long game, while also being on top of the key details’. Rune Derno and Cathrine Wollenberg Zittan also have expertise in debtor restructurings. Mathias Juul Holter adds depth to the team with expertise in the insolvency of insurance companies.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘I have worked close together with Mikkel Løgsted and Jesper Oe in restructuring processes and bankruptcy estates. Both are on a very high legal level with great commercial understanding.’
  • ‘The team at Poul Schmith is highly responsive, pragmatic, and focused on finding solutions that work in practice.’
  • ‘Mikkel Winther Løgsted stands out as exceptionally strategic and persuasive, while also being approachable and easy to work with.’
  • ‘The team is first rate, incredibly thorough and professional. They are are joy to work with.’
  • ‘One of the best insolvency practices in the country.’
  • ‘Boris Frederiksen is one of the top insolvency lawyers in Denmark and the Danish lawyer who has most Insolvency Office Holder mandates of all lawyers in Denmark. He is an outstanding Insolvency litigator. Cathrine W. Zittan, Rune Derno and Jesper Saugsmandsgaard Øe all stand out as cutting edge insolvency litigators and they all do remarkable bankruptcy trustee work in high profiled cases.’
  • ‘Boris Frederiksen is the head of the group and an incredible lawyer. A rare combination of someone who can see the big picture and play the long game, while also being on top of the key details that informs those decisions. Cathrine Wollenberg-Zittan, Boris's second in command, is a fiercely good lawyer and a pleasure to work with.'
  • ‘The team has real quality from top to bottom. The leaders are at the top of their game, but underneath is a super strong foundation. No weak links.’
  • We have, in particular, worked together with Rune Derno and Cathrine Zittan, and we have also had cases involving Boris Frederiksen. They are all exceptionally skilled lawyers. Rune Derno is outstanding in court, and it is always a pleasure to have him involved in the process. He is adept at devising strategies for larger or more difficult cases and at suggesting alternatives as the cases evolve. The entire team is a pleasure to work with, and they provide excellent service.
  • The insolvency group at Poul Schmith is the largest in Denmark, often representing the Danish State. The group is headed by Boris Frederiksen, partner and chairman of the law firm. Very experienced and able to handle very complex and high-profile challenges.

Key clients

  • Nykredit Bank A/S
  • Altor Fund II
  • The Commissioners for HMRC
  • The Danish Financial Supervisory Authority
  • The Danish Guarantee Fund for Non-life Insurers
  • The Danish Tax Authorities
  • Danske Bank A/S
  • The Employees’ Guarantee Fund
  • Jyske Bank A/S
  • Sydbank A/S
  • Skare Group
  • Sealing System A/S
  • Paustian Group
  • Nordic Waste A/S and
  • DSH Recycling A/S
  • Dansk Boligbyg A/S
  • Joko Components A/S
  • Altan.dk A/S
  • Lauritz.com Group A/S
  • MS Svejseteknik

Work highlights

Conducted a review and oversight of Danske Bank A/S’s debt collection practices.
Appointed by the court as trustee in the Nordic Waste A/S bankruptcy.
Represented Altor Fund II in a case involving the default of OW Bunker A/S.

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Next Generation Partners

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Practice head

Boris Frederiksen

Other key lawyers

Cathrine Wollenberg Zittan; Rune Derno; Jesper Saugsmandsgaard Øe; Mikkel Løgsted; Mathias Juul Holter