Advokatfirmaet Thommessen AS maintains a strong position in the market across financial restructuring, insolvency procedures, and enforcement. Kristoffer Hegdahl spearheads the practice, bringing in-depth knowledge of financial transactions, including financial restructuring and scenarios involving financial distress. Faraz Ahmed Ali is a key contact for clients in the shipping and offshore industry for assistance on restructuring and insolvency mandates, while Frida Stene-Slotte is equally recommended for restructuring in debt capital market transactions.

Legal 500 Editorial commentary

Accolades

Client satisfaction: Sector knowledge

Client satisfaction: NPS ®

Testimonials

Collated independently by Legal 500 research team.

‘Commercially strong and excellent project skills. Very capable of balancing strong insolvency practice with business objectives and operational results.'
‘Excellent project management skills, strong strategic capabilities, strong in simplifying and packaging synthesis, action plan and ensured results in an extremely short time frame.'
‘Hands-on, pro-active approach. Great use of project data rooms, filing and organising all project documents, making the client experience very smooth. ’
‘Kristoffer Hegdahl: Kristoffer is the he kind of guy you’d go to war with. He is dedicated and ready for a fight, while also knowledgeable and able to provide clear legal and strategic advice.’
‘The team has a strong partner (Kristoffer Hegdal), but also a solid team of next-generation lawyers coming up. This ensures proper attention at all levels.’
‘Kristoffer Hegdal has strong industry knowledge and is good at finding solutions to difficult cases. Faraz Ahmed Ali (associate) is always up to speed on all details, always has the full overview, and is excellent in every aspects!’

Key clients

Nordic Trustee
DNB Bank ASA
Nordea Bank
Danske Bank
Swedbank
NIBC
Seadrill
Export Finance Norway
Eksportfinans ASA
Handelsbanken
Danish Ship Finance
SpareBank 1 Sør-Norge

Work highlights

Advised the creditors (Nordic Trustee and the bondholders) in connection with a defaulted real estate bond loan which led to Nordic Trustee enforcing the share pledge, resulting in the creditors taking control over the property company which owns Equinor's headquarters.

Advised Ratos and the Plantasjen group (a Nordic retail chain specialising in plants, gardening products, outdoor furniture etc.) in connection with Plantasjen's restructuring efforts throughout H2 2024 and Q1 2025.

Advised a group of financial creditors in connection with the special situation relating to the advanced construction vessel "Normand Maximus".