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.

Restructuring, bankruptcy and insolvency

Financing

Company Law

Of Counsel

Leif Petter is a senior member of the Restructuring and Insolvency team. His areas of expertise includes Insolvency Law, Bankruptcy and Restructuring, Litigation and Dispute Resolution.

Leif Petter has been appointed trustee in several major bankruptcies in Norway the past 25 years. In 2003-2008, he was appointed trustee in the Finance Credit system, one of the largest finance scandals in Norway.

From 2011 until 2016 he administered the bankruptcy of Faktor Eiendom ASA with its 50 subsidiaries. In 2015 he was appointed trustee in Sydvaranger Gruve AS. Recent assignments include the waste management company Veireno AS, the jewelry chain Panorama AS and the biggest Nordic music chain, Musical Retail Holding AS "4 Sound". In 2020 he was appointed trustee in G Travel Norge AS, a major travel agency in Norway with several subsidiaries abroad.

Since 2016 Leif Petter has assisted financial institutions and companies under restructuring within supply and oil service as well as shipyards and ship owners. In 2019-2021 he assisted in the restructurings of amongst others, Kleven Shipyard AS, Solstad Offshore ASA and Havyard Shiptechnology AS. 

He has litigated several cases regarding management and auditor liability. Leif Petter is admitted to the Supreme Court. He is also co-writer of the law commentary to the Norwegian Creditors Recovery Act and to the Norwegian Wage Guarantee Act.

Oslo

Member of JUS, a professional committee for bankruptcy, composition, mortgages and pledges and accounts.

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Leif Petter is a senior member of the Restructuring and Insolvency team. His areas of expertise includes Insolvency Law, Bankruptcy and Restructuring, Litigation and Dispute Resolution.

Leif Petter Madsen

Legal practice in shared offices with Rime

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