Restructuring and Insolvency

Our restructuring and insolvency team can assist companies in challenging situations through strategic counselling, restructuring, refinancing and creditor negotiations, with the aim of saving the company from bankruptcy.

In challenging times, businesses should seek help and advice early. Our lawyers help companies assess whether continued operation is justifiable and provide advice on how to deal with financial problems. We assist both in ordinary restructuring processes and in more critical situations where a turnaround is necessary to ensure continued operations.

When a company is no longer able to manage its debt burden and fulfil its financial obligations, the company is insolvent. In such cases, the company must be wound up in an orderly manner. Our lawyers in the restructuring and insolvency team can assist with winding-up petitions. We are also regularly appointed by the court as trustees in bankruptcy estates, and have handled several large and complex estates. Our lawyers are also used by the court as reorganisers under the Temporary Act on Reconstruction.

Our services include:

Review of the business and assessment of alternative courses of action in demanding situations
Assessment of collateral and other mortgage law issues
Extrajudicial and judicial reorganisation and debt negotiations
Assistance related to board responsibilities
Securing creditor interests
Collection and securing of claims
Advice to companies and the board of directors before and after bankruptcy
Assistance with bankruptcy proceedings