DLA Piper is one of the largest law firms in the world and a leading player within restructuring
Restructuring
There is a lot at stake for those involved in restructuring proceedings. Insight into the client’s situation and needs is essential, in addition to a good understanding of business and strategies, and the development of good and innovative solutions. The objective is to find solutions that produce commercial results and recover assets.
We assist clients in all matters relating to restructuring prior to the emergence of problems or in managing the consequences when they do arise. Our services include a wide range of instruments from analyses and strategic consultancy to investigations and litigation.
Our customers include large and small enterprises, both national and international, within banking and finance, private companies, listed companies and international conglomerates.
Client quotations from legal directories
“Very good understanding of client’s needs” and "appreciates the team’s 'to-the-point' communication in complex matters.”
“Highly skilled with a broad knowledge base”, and “Real experts in their field.”
Clients praise the team’s dedication and knowledge, with one noting: “The level of service is always excellent and handled in a highly professional manner, with a very high business understanding and expertise in restructuring and insolvency work.”
The restructuring team operates on a regional, national and global basis, which means that services can be provided cost-effectively with a consistently high service by any of our offices in the Nordic region.
Headcount
The Nordic restructuring group consists of more than 50 lawyers across the Nordic region.
- Acting as a trustee in bankruptcy of the major Nordic airlines Cimber Sterling and Primera Air.
- Represented ALLIANCE+ AB, a major Sweden-based provider of cleaning and facility management services, in the restructuring of ALLIANCE+ in Sweden in 2019. ALLIANCE+ AB is a subsidiary of the Danish ALLIANCE+, and the restructuring teams in Denmark and Sweden worked alongside.
- Representing the major real estate group IK Gruppen in restructuring combined with the acquisition of a property company and refinancing oof a bond loan in a real estate portfolio in central Oslo. Estimated value NOK 1 billion.
- Acting as administrator of the major Finnish TV-production company, Fisher King Production Oy, involving many foreign creditors and contract partners. Funding was obtained, and the business continued.
- Representing the interests of the Nordic institutional investors in the ongoing court case against the management of the Danish O.W. Bunker A/S.
- Acting as trustee of the major Swedish manufacturer of motor vehicles and trailers Componenta Främmestad AB in bankruptcy.
- Acting as administrator in the successful restructuring of Bugbear Entertainment Oy, a Finnish gaming industry company.
- Acted as trustee of Copenship A/S in bankruptcy. The Copenship Group was active worldwide in dry bulk commodities and had an extensive trading history with most major trading houses and many end-users and suppliers.
- Representing the insurance company AEGIS in litigation against insured auditors regarding a professional liability claim.
- Advising the Danish Guarantee Fund for Non-life Insurers regarding the insolvencies of insurance companies,e.g. Gable, Alpha and Qudos.
- Acting as restructuring administrator of several retail companies within electronics, clothing and accessories with more than 1,000 employees and 240 stores in total; e.g. Teknikmagasinet, Twilfit and VRG (Venue Retail Group).
- Acting as trustee of E. Pihl & Søn A/S in bankruptcy (Danish Tier 1 construction company with app. 3,000 employees worldwide).
- Appointed as trustee in bankruptcy of the Finnish company Samantien Holding Oy, involving cross-border criminal investigations, asset trading and recovery.
