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Restructuring, Bankruptcy and Insolvency

Our highly experienced restructuring, bankruptcy and insolvency group have a wealth of expertise in assisting all types of companies, suppliers, banks and credit institutions facing financial crisis.

With extensive experience in major national and international restructurings and bankruptcies – our team is well-equipped to serve as representatives for companies, owners, significant creditors such as banks and co-contractors, or to act as a reconstructor, liquidator or administrator.

We pride ourselves on on creating unique teams with diverse professional backgrounds and experience to ensure that we deliver creative and effective solutions to maximise our clients' values through restructuring or bankruptcy.

Our Tier 1 ranking in Chambers and Legal 500 demonstrates the quality of our work and our commitment to delivering exceptional results for our clients.

We offer

  • Financial restructurings
  • Financial and structural reorganisation of solvent and insolvent businesses, including downsizing
  • Assignments as bankruptcy or reconstruction administrators
  • Assistance to stakeholders in relation to reconstruction or bankruptcy
  • Advice relating to securities and guarantees
  • Assistance to owners, boards and management concerning financial challenges and assessments of options
  • Purchase and sale of insolvent enterprises before and after bankruptcy
  • Advice concerning avoidance and director’s liability
  • Securing creditor interests, collection of claims, including enforcement
  • Bankruptcy petitions, handling of claims against estates in bankruptcy
  • International insolvency law

2023DOFNOK 23bn

We were the advisers to 15 national and international secured lenders for the restructuring of the offshore company DOF ASA and subsidiaries. The restructuring included a total of approximately NOK 23 billion of interest-bearing debt, of which approximately NOK 6 billion was converted into equity. The restructuring also included reconstruction and bankruptcy.

2022EmergyNOK 3bn

We advised Emergy ASA in the restructuring of the wind power company Emergy ASA and its subsidiaries. The restructuring included a total of approximately NOK 3 billion in debt divided into a number of bonds and bilateral loans.

2022Borr DrillingNOK 20bn

We were advisers to a number of secured lenders in the restructuring of the drilling company Borr Drilling and its subsidiaries. The restructuring included approximately NOK 20 billion of interest-bearing debt.

2021NorwegianNOK 60bn

We were advisers to a number of bondholders in the restructuring of the airline Norwegian Air Shuttle ASA and its subsidiaries. The restructuring included approximately NOK 60 billion of interest-bearing debt. The reconstruction also included reconstruction.

2020Solstad OffshoreNOK 35bn

We advised the offshore company Solstad Offshore ASA in the restructuring of Solstad Offshore ASA and its subsidiaries. The restructuring included a total of approximately NOK 35 billion of interest-bearing debt to more than 20 national and international lenders, of which approximately NOK 10 billion was converted into equity.

2019Dolphin DrillingUSD 600m

We advised the drilling company Dolphin Drilling ASA in the handling of the company's insolvency. The company’s debt amounted to approximately USD 600 million.

Band 1
Chambers and Partners
Tier 1
Legal 500

Are you affected by bankruptcy?

Would you like to receive information about a bankruptcy estate where lawyers from Wikborg Rein are appointed as administrators, please reach out.

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Wikborg Rein top ranked in Chambers Europe

We are delighted to announce that we have once again achieved top rankings in Chambers Europe in a total of 19 categories, which is more than any other Norwegian law firm.


Responsibilities of the Board in times of crisis

With the effects of the corona crisis spreading into the economy, companies risk breaching financial covenants and facing illiquidity in the months to come. A number of companies will ultimately need to go through financial restructuring to ensure continued operations.

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