Restructuring, Bankruptcy and Insolvency

Wiersholm’s insolvency and restructuring team consists of lawyers with extensive experience from Norwegian and international restructuring processes, as well as cases involving bankruptcy, reconstruction, and other insolvency law matters. We provide legal and strategic assistance to both private and public players regardless of which side of the table they are seated, and also handle estate administration on behalf of the district courts.

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

In an increasingly global business community, solving complex insolvency and restructuring cases requires specialist expertise and broad experience.

We assist a wide range of parties in these cases, from private and listed companies experiencing financial difficulties to 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 engagements require broad-based teams tailored to the specific situation and business involved. Through collaboration with our other practice groups, our core team combines specialised legal expertise with in-depth industry understanding and commercial insight. We assist clients with strategic advice, document preparation, and litigation support in Norwegian and international insolvency proceedings, where we emphasise offering effective and commercial solutions that help ensure the continued operation and value of distressed companies.

Our experience includes some of the largest and most complex cases in the field, and we have assisted 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 worked on the government’s crisis package for Norwegian aviation during the Covid-19 pandemic and assisted the state in the reconstruction of Norwegian Air Shuttle.