Restructuring and Insolvency
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.
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.