Advokatfirmaet Schjødt AS‘s insolvency and corporate recovery practice is adept at all aspects of restructuring and insolvency, covering out-of-court restructuring, bankruptcy proceedings, and litigation related to insolvency. Co-head Egil Horstad has been active on reconstruction negotiations and assisting on bankrupticies, and co-head Peter Bugge Hjorth chiefly focuses on cross-border restructurings and insolvencies. Johan Henrik Nossum concentrates on distressed M&A and insolvency litigation. The firm is ably supported by a team of associates including Amalie Osnes Opdal, Mathias Anker Paulsen, and Kristian Kronborg.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘Schjødt has developed a strong position within insolvency in the West County of Noreay. This is thanks to Egil Horstad and his team.’
- ‘Egil Horstad is hard-working, with a high level of knowledge within insolvency.’
- 'Schjødt AS has exceptional industry knowledge. This insight helps provide clients with commercially focused advice, which in turn helps progress complex cross-border matters.’
- ‘Amalie Osnes Opdal is a standout managing associate on the Schjødt team. She offers technically excellent advice and goes above and beyond to progress matters.’
- ‘Peter Bugge Hjorth leads the Schjødt team and demonstrates a deep understanding of his client's industry and the relevant commercials of the deals he works on. Peter has significant experience working on complex cross-border restructurings and can leverage this experience to efficiently progress matters.’
- ‘Capable, experienced, and clear answers and advice.’
Key clients
- Largest bondholder group of Intrum AB
- SAS AB and SAS Norge AS
- JP Morgan Chase Bank N.A
- DOF ASA
- Selecta Group B.V
- Prosafe SE
- A group of hedge funds investing in distressed debt domiciled in the United States of America and the Cayman Islands
- Bakkegruppen AS
- Byggmester Markhus AS
- Meteva AS
- Bondholder group of Hurtigruten AS
- Nordic Trustee AS
Work highlights
Advising the largest bondholder group of Intrum AB in connection with Intrum's approximately EUR 4,500,000,000 debt restructuring and recapitalisation, following the company emerging from both the U.S. Chapter 11 proceedings and the Swedish in-court reorganisation process.
Advising a group of bondholders of the senior secured EUR 300,000,000 bond originally issued by Explorer II AS (Hurtigruten Group) pursuant to a wider restructuring/recapitalisation of the Hurtigruten Group.
Advising Prosafe SE with the successful completion of its fully consensual recapitalisation and refinancing, including the conversion of USD 193,000,000 from debt into equity and refinancing of a USD 150,000,000 super senior secured facility, including USD 75,000,000 in new money, and reinstatement of a USD 75,000,000 senior secured facility.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Egil Horstad; Peter Bugge Hjorth
Other key lawyers
Johan Henrik Nossum; Amalie Osnes Opdal; Mathias Anker Paulsen; Kristian Kronborg; Rolf Hjertaker