Wikborg Rein has successful completed the reconstruction of the company "Inno-Entreprenør AS"
Wikborg Rein represented by Leif Petter Madsen was appointed as reconstructor in the reconstruction of the company "Inno-Entreprenør AS". This is one of the few reconstructions opened in Norway after the Reconstruction Act came into force in May this year, and so far one of only two successful reconstructions.
The reconstruction comprised debts exceeding MNOK 15, and claims from more than 200 creditors, some of these being large Norwegian banks and financial institutions, construction suppliers and the Norwegian Tax Authorities.
The reconstruction solution involved a reduction of debts, with a dividend payment to the creditors, and it was successfully completed on 21 December 2020.