Restructuring, Bankruptcy and Insolvency

Wiersholm’s insolvency and restructuring team comprises lawyers with extensive experience in both Norwegian and international restructuring processes, as well as diverse cases involving bankruptcy, reconstruction, and other insolvency law matters. We offer legal and strategic assistance to private and public entities in various party positions and manage estate administration on behalf of district courts.

Wiersholm’s merits, in particular with larger Norwegian companies, in out-of-court restructurings is outstanding.
Chambers Europe

In today’s global business environment, addressing complex insolvency and restructuring cases demands specialist expertise and broad experience.

We support a wide range of parties in these cases, including private and listed companies facing financial difficulties, individual creditors, syndicated creditor groups, shareholders, potential buyers, and other stakeholders. Our team has participated in extensive international restructurings and has experience with Chapter 11 proceedings, Schemes of Arrangement (UK, Bermuda, Singapore, etc.), UK RPP proceedings, and similar regulations in other jurisdictions. Ingrid Tronshaug serves as a permanent trustee for bankruptcy, compulsory liquidation, and compulsory dissolution estates at Oslo District Court.

Restructuring assignments necessitate broad-based teams tailored to the specific situation and business involved. Through collaboration with our other practice groups, our core team combines specialized legal expertise with deep industry understanding and commercial insight. We provide clients with strategic advice, document preparation, and litigation support in Norwegian and international insolvency proceedings, focusing on delivering effective and commercial solutions that preserve the operation and value of distressed companies.

Our experience includes handling some of the largest and most complex cases in the field, assisting companies such as Marine Subsea, Polarcus, Olympic Subsea, Havila, Rem Offshore, Prosafe, Atlantic Offshore, Sea1 Offshore, Hurtigruten, DOF Subsea AS, Archer, Viking Supply Ships, DeepOcean, and Solstad in the shipping/offshore sector; Norske Skogindustrier ASA, Cecon ASA, and Store Norske Spitsbergen Kullkompani AS in the industrial sector; and Veidekke and Bane NOR in the construction sector. We also contributed to the government’s crisis package for Norwegian aviation during the Covid-19 pandemic and supported the state in the reconstruction of Norwegian Air Shuttle.