Praised by clients as the ‘first call legal team’ for cross-border matters, BAHR‘s insolvency and corporate recovery practice stands out for its strength in corporate restructurings, with a strong client base of Norwegian bondholders. Richard Sjøqvist oversees the team and leads on international financing and restructuring matters, while Magnus Tønseth specialises in shipping, offshore and energy sector restructurings. The practice is supported by a strong team of associates including Steffen Rogstad, who is a key name for complex negotiations for in and out-of-court restructurings; Daniel Jovanovic, who takes point on multi-jurisdictional restructurings and enforcement work, and restructuring expert Kristine Hjertenæs.

Kvale Advokatfirma DA has ‘excellent technical and commercial skills’ across its insolvency and corporate recovery team and is a key partner to leading Nordic financial institutions on the entire spectrum of matters, singled out for its strength in bankruptcy and judicial restructuring proceedings.  Stine Snertingdalen heads up the department and regularly advises on insolvencies and insolvency-related banking and finance mandates. The group also includes Tom Hugo Ottesen, who is a key name for banks and companies seeking restructuring and financing advice; Anne Kjølseth Ekerholt, who stands out for distressed M&A matters; and Thomas Piro, who is an expert in major bankruptcies. Erik Torjusen, who takes point on insolvency matters, and restructuring expert Bjørn Løtveit are also recommended.

Fielding a ‘dedicated team capable of handling even the largest and most complex cases in bankruptcy and reconstruction’, Ro Sommernes Advokatfirma DA has positioned itself as a key adviser on insolvencies, restructurings and debt negotiations. Leading the insolvency and corporate recovery team and raised as a ‘market leader’, Håvard Wiker has a breadth of expertise across restructurings, debt negotiations and bankruptcies. Erik Sandtrø focuses on corporate law and debt negotiations, while fellow debt negotiation expert Nils Holger Koefoed also takes point on acquisitions and bankruptcy matters. Advising across general business law, Thomas Monsen, Linn Drejer-Dølvik and Harald Sommernes are also key contacts.

With offices across Norway, Advokatfirmaet Simonsen Vogt Wiig‘s restructuring and insolvency practice serves as a key adviser on administrations, while also demonstrating notable competence in restructurings in the shipping, oil, offshore, aviation and renewables industries. The practice is led by Peter Aall Simonsen, Bjørn Åge Hamre, Nils Håkon Risberg, and Asbjørn Breistein. In Oslo, Simonsen regularly assists banks, bondholders and creditors on major restructurings, while Hamre heads up the Bergen office and is an experienced court-appointed administrator. Risberg oversees the Trondheim practice, and the Kristiansand-based practice is led by Breistein. The Oslo practice was strengthened by the addition of Frank C. Aase, previously at Brækhus Advokatfirma AS, who takes point on capital injections and board liability issues.

Advokatfirmaet Thommessen AS has established itself as a key adviser on financial restructuring transactions across the offshore, shipping, aviation and retail industries. Overseeing the team and praised as an ‘outstanding adviser’, Kristoffer Hegdahl has experience in financial restructurings, financially distressed scenarios and workouts. For debt capital market transactions, Halvor Mansåker is a key name, while Ellen Heyerdahl is equally recommended for bank and bond financing work. Frida Stene-Slotte, who focuses on financial restructurings within the debt capital market transactions space, and Øyvind Dehli, who specialises in bankruptcy and restructuring mandates, are also key names to note.

Fielding a ‘great and experienced team’, Wikborg Rein‘s insolvency and corporate recovery practice stands out in the offshore and shipping sectors, and regularly advises energy and transportation companies on restructurings. Practice head Kaare Christian Tapper has a ‘bright mind, great negotiation skills, and excellent people skills’ with expertise across the insolvency and restructuring fields, while litigator Leif Petter Madsen is sought out for complex bankruptcies. Recently promoted to partner, the ‘up-and-coming and highly skilful lawyer’ Sofie Vikse is a key name for bankruptcy cases.

Advokatfirmaet Haavind AS offers clients in all sectors ‘creative and practical solutions to complex legal matters’, regularly advising financial institutions, bondholders, creditor and debtors on corporate and financial restructurings, large debt negotiations, and bankruptcy proceedings. At the helm of the practice is the ‘solution-oriented’ Ellen Schult Ulriksen, who specialises in insolvency law. For extensive restructuring and insolvency experience, Hans-Christian Donjem is a key name. Elsewhere in the team, Karianne Evje Skiaker focuses on debt recovery issues, negotiations and enforcement proceedings, and Christoffer Baisgård regularly assists with restructurings, debt recovery and negotiations.

Advokatfirmaet Schjødt's ‘friendly, responsive, commercial and expert’ team frequently assists with high-value, complex and cross-border restructuring and insolvency mandates. The practice group is co-led by experienced partners Peter Bugge Hjorth, who specialises in high-value cross-border restructurings and insolvencies; and Egil Horstad, who focuses on complex restructuring and insolvency matters. The team also includes Johan Henrik Nossum, who focuses on distressed M&A and insolvency litigation; Siv Sandvik, who is a key name for cross-border insolvency proceedings and complex restructurings; and Thomas Dale, who takes point on multi-jurisdictional debt restructurings and insolvency proceedings.

Fielding a ‘professional and competent’ team, Arntzen de Besche‘s insolvency and corporate offering stands out for its knowledge of the banking and finance, real estate, transport, construction and media industries. Practice head Stein Knut Tonning is recommended for corporate restructurings, debt settlements, and bankruptcy proceedings. Elsewhere in the team, Trond Kildal is a key name for complex restructurings and refinancings, and Vidar Løhre focuses on companies operating on the Norwegian continental shelf.

Bull & Co Advokatfirma AS' team has ‘strong analytical skills and knowledge of the law’ across insolvency and corporate matters, spanning contentious and non-contentious matters. Kristoffer Aasebø oversees the team and regularly advises on insolvency, restructuring and corporate recovery matters. Other key names include Klemet Gaski, who has proven experience handling out-of-court schemes of arrangement and debt negotiations, and Anne Helsingeng, who focuses on bankruptcy and insolvency work. Mira Levánd Bergsland is singled out for her ‘dedication and expertise’.

CMS Kluge advises on a variety of matters, ranging from bankruptcy litigation to pre-insolvency financial reorganisations. At the helm of the practice, Hans Ingvald Stensholdt offers advice to creditors and debtors on complex restructuring and insolvency mandates. Elsewhere in the team, Dag Thomas Hansson is a key contact for financing and restructuring matters, while Thea Killengreen has established experience in the capital markets space.

Under the leadership of Egil Hatling, DLA Piper handles a variety of issues relating to insolvencies and restructurings. Hatling has a broad practice, handling the establishment of various forms of securities, financial restructurings, debt negotiations, and bankruptcy proceedings. At associate level, Maria Krutå assists with bankruptcy-related issues across a diverse spread of sectors.

Ræder Bing‘s practice covers all aspects of bankruptcy, restructuring, and asset recovery work. Practice head Anne Christine Wettre is a key adviser on insolvency, bankruptcy and restructuring mandates, while Erling Opdal frequently acts as trustee for bankruptcy estates. Delivering clients ‘high-quality advice’, Anne Gro Enger is a good contact for Norwegian and international tax law.

Praised for its ‘excellent experience’, Selmer‘s offering spans across the insolvency and corporate recovery space, with sector-specific knowledge in the shipping and offshore industries. Practice head Tor Herdlevær focuses on financial restructurings and works alongside Per Morten Christiansen, who ‘knows what is important to the banks’ and aptly assists with the refinancing and restructuring of large loan facilities.

Wiersholm regularly assists clients in the shipping, offshore and aviation sectors as well as debtors, banks, and bondholders with financial restructurings. Overseeing the ‘dedicated and skilled insolvency team’ are Kristine Hasle and Ståle Gjengset, who focus on financing and financial restructuring work. They work alongside Atle Gabrielsen, who has experience in debt financings; Audun Dahle-Nedrelid, who joined the team from BAHR in March 2024; and debt capital markets expert Petter Thomren Moltu. At associate level, the ‘talented’ Ingrid Tronshaug and Ida Tangen Høisveen are also key names.