Kvale Advokatfirma DA has a comprehensive insolvency and corporate recovery offering, allowing the team to advise on reconstruction, refinancing, reorganisations, advanced debt collection, and bankruptcies. The practice is notably active in bankruptcy proceedings and assisting banks in recovering values. Practice head Stine Snertingdalen works closely with financial institutions on insolvency matters in the banking and finance space. Thomas Piro is highly experienced in bankruptcy proceedings, whereas Erik Torjusen assists distressed companies with the composition of rescue plans and financial institutions with asset recoveries. Bjørn Løtveit handles financial and corporate restructurings. Tom Hugo Ottesen departed from the firm.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Kvale’s insolvency and corporate recovery team is recognised as one of the leading practices in Norway for handling restructurings, bankruptcies, and complex financial distress matters. The team distinguishes itself through its combination of technical excellence, commercial understanding, and ability to manage large and demanding processes across industries such as shipping, oil & gas and real estate.’
- ‘Erik Torjusen is widely recognised for his deep experience in bankruptcies, reconstructions, and out-of-court restructurings. Clients value his strategic thinking and ability to find practical solutions in highly pressured situations.’
- ‘The Kvale legal team is highly solution-oriented, with strong negotiation skills and deep business understanding. They are exceptionally responsive.'
- ‘Stine D. Snertingdalen provides high-quality advice, demonstrating impressive drive and a strong passion for finding optimal solutions. Bjørn Løvtveit consistently delivers quality work at impressive speed and is always highly solution-oriented.’
- ‘A very competent team, proactive, hands-on, and easy to collaborate with.’
- Stine D. Snertingdalen has deep knowledge, is very competent, proactive, and easy to get in touch with and collaborate with. Good personality.’
Key clients
- The bankruptcy estate of Bolig Partner AS with subsidiaries
- The bankruptcy estate of Flyr
- The bankruptcy estate of AG Installasjon
- The bankruptcy estate of A-K Maskiner and subsidiaries
- Nuax forced liquidation estate
- Sparebank 1 Helgeland
- The bankruptcy estates of Norske Skogindustrier and other companies in the Norske Skog company group
- Norion Bank
- Danske Bank
- DNB Bank
- Eksfin / Eksportfinansiering Norge
- Sparebank 1 SR-Bank
Work highlights
Advising the bankruptcy estates of five companies in Norske Skog Group, the Norway-based pulp & paper group of companies, on complex, cross-border bankruptcy proceedings, with circa €2.2 billion at stake.
Advising the bankruptcy estate of Bolig Partner, one of Norway’s largest house suppliers, and its 16 subsidiaries.
Advising the bankruptcy estate of Miris, a Norway-based real property company on a complex, highly-publicised bankruptcy.
Lawyers
Hall of Fame
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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
Stine D. Snertingdalen
Other key lawyers
Thomas Piro; Erik Torjusen; Bjørn Løtveit