Insolvency and corporate recovery

Advokatfirmaet Schjødt AS

Advokatfirmaet Schjødt's ‘friendly, responsive, commercial and expert’ team frequently assists with high-value, complex and cross-border restructuring and insolvency mandates. The practice group is co-led by experienced partners Peter Bugge Hjorth, who specialises in high-value cross-border restructurings and insolvencies; and Egil Horstad, who focuses on complex restructuring and insolvency matters. The team also includes Johan Henrik Nossum, who focuses on distressed M&A and insolvency litigation; Siv Sandvik, who is a key name for cross-border insolvency proceedings and complex restructurings; and Thomas Dale, who takes point on multi-jurisdictional debt restructurings and insolvency proceedings.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'Johan Henrik Nossum is very solution-oriented while keeping a keen eye on commercial solutions for continued operations. Looking for angles that will serve continued operations.’
‘Peter Bugge Hjorth and his team are excellent. A great combination of technical brilliance with commercial acumen.’
‘Friendly, responsive, commercial and experts in their field.’
‘Peter Bugge Hjorth excels in technically complex matters.’
‘Schjødt works very well as you can work with the individuals as well as the team, and one can count on the team being up to speed at all times from any communication with individuals. They also strive to increase knowledge and are good at asking the right questions to get a deeper understanding.’

Key clients

DNB Bank ASA
Nordea Bank Abp
SAS AB and SAS Norge AS
Prosafe SE
Nordic Trustee AS
Archer Ltd
Mime Petroleum
Bakkegruppen AS
Altera Infrastructure Holdings L.L.C
The Norwegian Banks Guarantee Fund

Work highlights

Represented a group of hedge funds in a $170m D&O liability claim against Norske Skog's former CEO, chairman, and several insurance companies.
Advising SAS AB and SAS Norge AS on their financial restructuring involving SEK63bn in debt and $700m in Debtor in Possession financing.
Advised Bakkegruppen AS on a significant restructuring to ensure continued operations and liquidity, including securing new liquidity and converting debt to hybrid instruments.