Cirio Advokatbyrå AB’s restructuring and insolvency practice continues to advise on a broad range of domestic and cross-border matters, including financial workouts, refinancings of distressed debt, insolvency-related litigation, and solvent and insolvent liquidations. Practice head Karl Björlin is often appointed by courts as a receiver in insolvency and restructuring proceedings. Pierre Pettersson regularly advises both debtors and creditors on distressed debt and cross-border insolvency issues; he is also regularly appointed by courts as receiver and administrator in insolvency proceedings. With over 30 years’ experience, Lars-Henrik Andersson is a key contact in the team, and Odd Swartling is noted for his experience in financial crises and formal restructurings.
Insolvency in Sweden
Cirio Advokatbyrå AB
Praxisleiter:
Karl Björlin
Weitere Kernanwälte:
Pierre Pettersson; Lars-Henrik Andersson; Odd Swartling
Referenzen
‘Cirio has a good insolvency team with experienced people and is big enough to take on big assignments.’
‘Both Pierre Pettersson and Lars-Henrik Andersson are very experienced and talented. They often want to find quick pragmatic solutions in the cases they handle.’
‘Lars-Henrick Andersson is extremely well regarded and a brilliant operator and leader who has built an excellent offering at Cirio. He has great commercial awareness and is very well connected. Karl Björlin is also great and extremely responsive.’
Kernmandanten
Hisingens Industri & Skeppsservice AB (HISAB) and Ferm & Persson AB
Urb-it AB
Petroswede Europe AB
Bolagsspecialisten Sverige AB, Bolagsspecialisten Stockholm AB (Group)
Re:newcell AB
Kvalitena AB
Kungsängen Produktion AB
Scotch & Soda Sweden AB
Inzile AB (publ)
Teknikmagasinet SWE AB
Highlight-Mandate
- Advising BolagsSpecialisten Sverige AB and BolagsSpecialisten Stockholm AB, together with a large number of related subsidiaries (roughly 375).
- Acting as bankruptcy trustee for Teknikmagasinet SWE AB, the Swedish part of a retailer group with 60 stores (35 in Sweden and 25 in Norway).
CMS Wistrand
CMS Wistrand’s insolvency practice has an established reputation for handling traditional insolvency work, including acting as court-appointed administrators, as well as advising on debt restructurings for banks and companies; the team has been especially active recently in the tourism, real estate, software, construction, and healthcare sectors, among others. Regularly appointed as a bankruptcy trustee as well as an administrator in company reorganisations, Fredrik Thor in Stockholm leads the team alongside Gothenburg’s Jörgen Wistrand, who has nearly 20 years of experience in insolvency matters, including recently in high-profile cases in the auto sector. Christian Bergqvist focuses on international work, while Anders Nilsson’s varied practice includes insolvency litigation. Specialist counsel Nina Baecklund is regularly appointed as a bankruptcy receiver and formal liquidator.
Praxisleiter:
Fredrik Thor; Jörgen Wistrand
Weitere Kernanwälte:
Christian Bergqvist; Anders Nilsson; Nina Baecklund; Marielle Norbäck; Nicklas Körling; Andreas Rönnheden; Marek Keller
Referenzen
‘The insolvency team is extremely service minded and are always available, even at short notice. They have vast experience and good in-depth knowledge in different areas of the law.’
‘Christian Bergqvist has been involved in insolvency law for the last 35 years and has handled so many liquidations and bankruptcies that nothing is new to him. Marielle Norbäck is a younger partner with an ability to work the bankruptcies through correctly at a fast pace. The associates that prepare the final work are always correct and dedicated.’
‘Anders Nilsson is excellent and commercially minded. He is Sweden’s top insolvency litigator.’
Kernmandanten
Detur Group in bankruptcy
Fall Damage Studio AB in bankruptcy
Kungsörs Hem AB in bankruptcy
iCellate Medical AB in bankruptcy
Esprit Sweden AB in bankruptcy
Hungry Kitchens Sweden AB in bankruptcy
Grundkraft AB in bankruptcy
Maderna Capital AB
Frense Living AB in reorganisation
PDL companies in bankruptcy
Black Lizzy Group in bankruptcy
Ridebrain AB in bankruptcy
Highlight-Mandate
- Appointed as bankruptcy administrator to multiple PDL-companies in bankruptcy.
- Appointed as trustee of the Swedish game developer Fall Damage Studio AB, a subsidiary to the publicly listed company Fragbite Group.
- Appointed bankruptcy administrator for V-TAB.
DLA Piper Sweden
DLA Piper Sweden’s restructuring and insolvency practice stands out for its ability to handle both domestic and multijurisdictional matters, including Swedish and US chapter 11 bankruptcies, restructurings, distressed debt financings, and winding up orders. The team has notable recent experience in the aviation, auto, retail, real estate, and energy sectors, among others. Practice head Jonas Premfors regularly acts as an administrator in bankruptcy estates, as a liquidator, and in relation to high-level company reorganisations. Erik Selander is noted particularly for his expertise in financial restructurings from a banking perspective, and Lars Wiking’s recent highlights include acting as administrator for a multinational solar energy company. Joakim Hedström and managing associate Sandra Andersson are also key contacts in the group.
Praxisleiter:
Jonas Premfors
Weitere Kernanwälte:
Erik Selander; Lars Wiking; Joakim Hedström; Sandra Andersson
Referenzen
‘The team has a very strong position in Sweden and the Nordics as well as in a much broader international context. They can assist you in practically all jurisdictions.’
‘Joakim Hedström is a true professional in both insolvency and litigation.’
‘Jonas Premfors is an experienced receiver.’
Kernmandanten
Official Committee of Unsecured Creditors of SAS
The Body Shop Svenska Aktiebolaget
Castlelake L.P.
Azelio AB
Kaupthing ehf
Rushrail
ACE Options group of companies
Trinitas Fastigheter group of companies
It’s Re:leased
S-bolagen AB and its subsidiaries (e.g. AB Minoritetsintressen)
Sisyfos Fastighetsförädling AB
Just Arrived AB and Just Arrived Sweden AB
Highlight-Mandate
- Acting as local counsel to the Official Committee of Unsecured Creditors of SAS, the Scandinavian airline company, on the legal matters in Sweden, Norway and Denmark in connection with SAS’ Chapter 11 process.
- Acting as administrator for the Swedish branch of international retail firm The Body Shop. The company operates 30 stores in several parts of Sweden and also 20 franchise owned stores.
- Acting as administrator for the multinational solar energy company Azelio AB (publ) listed at Nasdaq First North Growth Market in Stockholm.
Gernandt & Danielsson Advokatbyrå
Gernandt & Danielsson Advokatbyrå’s restructuring and insolvency practice continues to handle high-profile restructuring mandates on both the debt and equity side. Recent highlights for the group include advising Swedish video streaming service Viaplay in connection with its multijurisdictional restructuring and recapitalisation. Mikael Borg leads the dedicated DCM restructuring practice alongside Caroline Jägenstedt Wikman. Björn Svensson’s broad banking and finance practice covers corporate restructurings as well as contentious and non-contentious insolvency matters; he leads the debt/equity restructuring team with Sofie Viktorsson, whose experience includes Chapter 11 filings. High-yield bonds expert Mikael Bolling plays a key role in the team, and at senior associate level, Fredrik Haräng and Sebastian Sandén are key contacts.
Praxisleiter:
Mikael Borg; Björn Svensson; Caroline Jägenstedt Wikman; Sofie Viktorsson
Weitere Kernanwälte:
Mikael Bolling; Fredrik Haräng; Sebastian Sandén
Referenzen
‘Björn Svensson is a very competent lawyer and a leader within his field.’
‘A leading legal firm in Sweden.’
Kernmandanten
Viaplay Group
Nynas AB
Nordstjernan / Bonava
Svenska Nyttobostäder
Intertrust (Sweden) AB
YA Holding AB (publ)
Cohanzick/Go North
Nordic Trustee & Agency AB
Highlight-Mandate
- Advised Viaplay on its recapitalisation including SEK4bn new equity raise and SEK14.6bn debt renegotiation package comprising a write-down of SEK2bn, of which SEK0.5bn is converted into equity, and amendments and extensions of existing bank and bond commitments.
- Represented Nordstjernan, in its role as a main existing shareholder in Bonava, in Bonava’s ongoing out of court restructuring, including a rights issue and renegotiations of existing debt, including a new security package across multiple jurisdictions.
- Advised YA Holding AB (publ) and one of its subsidiaries in relation to their liquidity shortage.
Mannheimer Swartling
Mannheimer Swartling’s leading restructuring and insolvency practice offers broad competence spanning out-of-court restructurings and workouts, formal reorganisations, distressed acquisitions, and domestic and cross-border bankruptcies; the group is particularly active in the aviation, energy, and transport sectors. Daniel Karlsson in Stockholm has recent experience handling a high-profile formal reorganisation involving a complex pledge appropriation as well as several refinancings. He leads the team alongside Gothenburg’s Christoffer Monell, who is noted particularly for advising creditors and owners on all aspects of formal reorganisation and bankruptcy proceedings. Andreas Zettergren regularly advises on restructurings and workouts, and Johan Ljungberg has a strong track record handling distressed transactions, restructurings, and workouts.
Praxisleiter:
Daniel Karlsson; Christoffer Monell
Weitere Kernanwälte:
Andreas Zettergren; Johan Ljungberg; Emelie Jivegård; Annelie Burström; Emil Görrel; Susanne Fagerman
Referenzen
‘The team’s dedication in an incredibly tough situation is admirable. They provide a steady but strong hand in the midst of chaos.’
‘My key contacts are partners Andreas Zettergren, Susanne Fagerman, and Christoffer Monell. All are very impressive lawyers combining industry experience in the energy sector with the application of Swedish insolvency laws including the new restructuring law and its initial uses and developments.’
‘Andreas Zettergren is an excellent operator. He is always calm in any situation and provides steady, balanced and very technical advice. It can sometimes be difficult to get lawyers to actually land on a view and give actual advice but Andreas will always give a clear view, simply articulated and one which he is very capable of defending.’
Kernmandanten
SAS AB (publ) / Scandinavian Airlines System Denmark-Norway-Sweden
Markbygden Ett AB
Trafikverket (Swedish Transport Administration)
Sheikh Mohammed Al Amoudi
Highlight-Mandate
- Acting for the debtor SAS AB (publ)/Scandinavian Airlines System Denmark-Norway-Sweden, in the ongoing restructuring proceedings, including the court supervised Chapter 11 proceedings in the US and the implementation of SAS’ business transformation plan SAS FORWARD.
- Acting for Markbygden Ett AB in connection with formal reorganisation proceedings, the renegotiation or statutory termination of an unprofitable power purchase agreement as well as negotiations with several key stakeholders aimed at finding a basis for a reorganisation plan that may include a cross-class cram-down.
- Representing the creditor Trafikverket in the reorganisation proceedings of the contractor AGN Haga AB.
Roschier
Roschier stands out for its experience in high-value out-of-court restructurings; in particular the firm leverages its expertise in high-yield bonds to advise bond-financed companies on restructuring matters. Practice head Johan Häger has considerable experience handling loan and bond restructurings as well as cross-border reorganisations, regularly acting for domestic and international banks, private equity clients, and corporate borrowers. Carl Brodén’s finance practice regularly sees him advise on bankruptcies, reorganisations, and restructurings; alongside Niklas Eriksson, he recently led the firm’s representation of the largest shareholder in Viaplay in connection with the restructuring of the Swedish video streaming service. Markus Kern Fahlander and Axel Thörn-Kock are further key contacts to note.
Praxisleiter:
Johan Häger
Weitere Kernanwälte:
Carl Brodén; Niklas Eriksson; Harem Mahir; Veronica Stiller; Markus Kern Fahlander; Axel Thörn-Kock
Referenzen
‘It is probably the law firm that handles the most restructurings in the Swedish market. Hence, they are up to date with market practice and possible solutions. They are definitely problem solvers but with a solid legal knowledge. They complement each other very well as senior team members possess different strengths.’
‘Johan Häger and Carl Brodén both have unique knowledge and experience not only in bond restructurings but also in providing advice on the lender side. Johan Häger is very pragmatic, available and efficient. Carl Brodén has in addition a unique grasp of formal insolvency proceedings and technical aspects related thereto. The team is very pragmatic, available and easy going.’
‘Niklas Eriksson, Veronica Stiller and Harem Mahir also deserve to be mentioned as highly skilled within their field.’
Kernmandanten
SEB
Danske Bank
Davidson Kempner European Partners
Houlihan Lokey
Intertrust
JOOL Markets AS
Nordic Trustee & Agency AB
SATO
Ziton AS
Swedbank
Highlight-Mandate
- Represented the Steering Committee of the RCF-lenders in relation to the restructuring of Intrum where the main counterparties have been two different collectives of bondholders and the company/equity.
- Advising a consortium of banks and institutions in relation to the distressed restructuring of Bonava.
- Represented Groupe Canal +, the largest shareholder of Viaplay Group AB (publ), in relation to its recapitalisation.
Advokatfirman Vinge
Advokatfirman Vinge’s restructuring and insolvency practice continues to offer a comprehensive service covering the full spectrum of domestic and international matters, including Chapter 11 bankruptcies, reorganisations, restructurings, and distressed transactions. Fabian Ekeblad in Stockholm has considerable experience handling compulsory liquidations, bond and loan restructurings, and distressed transactions, while Gothenburg’s Morgan Hallén has 30 years of experience acting as a bankruptcy trustee as well as advising on winding-up procedures, voluntary reconstructions and liquidations, and Chapter 11 bankruptcies. The two partners lead the nationwide group alongside Malmö and Helsingborg-based Henrik Ossborn. Albert Wållgren has a strong track record in debt restructuring and financial workouts, including in the energy sector, and Anna Palmérus is also a key contact.
Praxisleiter:
Fabian Ekeblad; Morgan Hallén; Henrik Ossborn
Weitere Kernanwälte:
Albert Wållgren; Anna Palmérus; Jenny Sandlund
Referenzen
‘One of the best teams in the country with really good theoretical and practical skills.’
‘Anna Palmérus is highly professional, super efficient, always forward-thinking, proactive with additional insights from Nordics and market reports, and always a step ahead of the other side. She helped us to achieve a better result than ever expected.’
‘Morgan Hallèn has long experience combining legal analysis with commercial understanding and stands out in the market.’
Kernmandanten
Invacare Corporation
Invesco Senior Secured Management
Nordstjernan Kredit
Spiltan Högräntefond
Spiltan Aktiefond
Re:NewCell
RLS Global AB
LuxorCap/Volta
Highlight-Mandate
- Advised RLS Global AB (publ) in relation to the company’s financial difficulties.
- Advised Invacare Corporation and the Swedish management of the Swedish subsidiaries in relation to the impact of the opening of Chapter 11 bankruptcy proceedings with respect to the US parent company.
- Advised Luxor Capital Group in relation to its ownership interests and financial interests in the electric vehicle manufacturer Volta Trucks which was put into bankruptcy in Sweden in October 2023.
Advokatfirman Fylgia KB
Advokatfirman Fylgia KB’s insolvency and restructuring group continues to be involved in a high volume of domestic matters. Practice head Jakob Callmander handles a wide range of contentious and non-contentious matters in the field and is noted particularly for his work as a bankruptcy trustee. Mathias Winge stands out for his experience in cases with property and security law issues as well as liability issues related to company representatives; he is also experienced in insolvency litigation. Bo Söder’s broad practice encompasses bankruptcies, creditor’s rights issues, and insolvency-related litigation.
Praxisleiter:
Jakob Callmander
Weitere Kernanwälte:
Mathias Winge; Bo Söder; Tobias Gårderyd
Referenzen
‘A solid insolvency practice for domestic/small/midsize cases.’
‘Mathias Winge and Tobias Gårderyd did a great job for us in guiding us through. Both are very responsive, providing clear and concise legal advice which hit the mark every time.’
‘I mainly work with Mathias Winge. He is an experienced administrator in bankruptcies with a solid reputation in the insolvency community in Sweden.’
Kernmandanten
Intertrust AB (Sweden)
Fudd Finans AB
Campadre Scandinavia AB
TCNE Aircraft Leasing AB
Cake 0 Emission AB
Norwegian Air Sweden AB
Taverna i Stockholm AB
Luthman Nordic AB
Desam Fashion Group AB
Tranås Cauda 10 AB
FindoutDiagnostic AB
RenFuel K2B Lignolproduktion AB
Highlight-Mandate
- Appointed trustee for international electric bike and moped maker Cake 0 Emission AB with offices around the world and a branch office in Taiwan.
- Appointed trustee for battery developer and producer Nilar AB.
Advokatfirman Schjødt
Advokatfirman Schjødt’s restructuring and insolvency group handles a broad range of matters, including restructurings both in and out of court. Practice head Emma Berglund Uväng regularly acts as an administrator in reorganisation and bankruptcy proceedings, while Hans Renman specialises in credit and insolvency law and regularly serves as bankruptcy trustee and restructuring administrator. Christoffer Hamilton has recent experience handling bankruptcy proceedings in the aviation sector, and Johan Linder has a strong track record in bankruptcies and liquidations in the real estate and industrial sectors. Johan Hörnberg and Christofer Hemsedahl are also key contacts.
Praxisleiter:
Emma Berglund Uväng
Weitere Kernanwälte:
Hans Renman; Christoffer Hamilton; Johan Linder; Johan Hörnberg; Christofer Hemsedahl
Referenzen
‘Emma Berglund Uväng is always available and quick to respond. Her advice is spot on.’
‘The team has a problem-solving mentality and is business minded. It is great to work with Emma Berglund Uväng and Hans Renman who are superstars in Swedish R&I.’
‘Christofer Hemsedahl – having worked with Christofer a number of times now, I’ve always found him to be very responsive and he provides high-quality advice. Hans Renman is a very well-regarded practitioner, experienced in the local market and provides high-quality and practical advice.’
Kernmandanten
Mackmyra Svensk Whisky AB
Payer Financial Services AB
Work for you Sweden AB
Caar Schakt AB
Memmo Family AB
WPW Bygg AB
Sätra centrum fastigheter AB
Goyada Aktiebolag
Digital for All Sweden AB
Gotoga Group (Gotoga AB)
Stureplans Tandläkarpraktik AB
Triwa AB
Highlight-Mandate
- Oversaw the bankruptcy of Payer Financial Services AB, addressing issues concerning financial regulations, intellectual property, crowdfunding, and insolvency.
- Managing the bankruptcy of labour market services company Work for you i Sverige AB.
- Advised on the bankruptcy of Mackmyra Svensk Whisky AB.
Advokatfirman Cederquist KB
Advokatfirman Cederquist KB’s insolvency and restructuring offering covers workouts, restructurings, and distressed M&A/capital markets work, among other areas, with the group working closely with lawyers in the firm’s other departments to provide a comprehensive service. Per Henriksson, who is regularly instructed by borrowers and banks in restructuring matters, leads the team alongside Berndt Pettersson, who joined the firm in January 2024 from Advokatfirman Delphi. The practice was further strengthened by the arrival of Arthur Klintred from Linklaters in August 2024.
Praxisleiter:
Per Henriksson
Weitere Kernanwälte:
Berndt Pettersson; Arthur Klintred
Referenzen
‘I have worked with Per Henriksson and he stands out as having very broad legal knowledge of banking law and is also very available when necessary in transactions.’
Kernmandanten
Nordea Bank Abp, filial i Sverige
European Investment Bank (EIB)
Skandinaviska Enskilda Banken AB (publ)
Swedbank AB (publ)
DNB Bank ASA, filial Sverige
Deutsche Bank
Ellos Group AB (publ)
Setterwalls
Setterwalls’ restructuring and insolvency practice handles formal insolvency proceedings, loan restructurings, out-of-court refinancings, and distressed debt trading work, among other matters, with the team representing lenders and syndicated lending groups, corporate debtors, private equity sponsors, distressed asset purchasers, and other interested parties. Mikael Magnusson in Stockholm leads the group along with Kenneth Nilsson and Christian Andersch, who are both based in Gothenburg.
Praxisleiter:
Mikael Magnusson; Christian Andersch; Kenneth Nilsson
Kernmandanten
Luftbehandlingskonstruktioner A&A AB
IV Väst AB
CraftCo. Sweden AB
Alberts Städservice AB
Alberts Personal AB
Kohool AB
Hotell Fars Hatt HFH AB
Föreningen Framstegsskolan i Göteborg
Snellman
Snellman’s finance and restructuring practice continues to handle a wide range of domestic and cross-border matters, and practice head Fredrik Olsson’s extensive experience includes advising on private equity-related restructurings. Carolina Wahlby is noted for her experience in workouts, and Ola Åhman has experience advising financial institutions, private equity sponsors, and large listed companies on insolvency matters and distressed situations.
Praxisleiter:
Fredrik Olsson
Weitere Kernanwälte:
Carolina Wahlby; Ola Åhman
Highlight-Mandate
- Acting as counsel to Castlelake, L.P. in connection with Scandinavian Airlines Systems (SAS AB) US Chapter 11 process and reorganisation under Swedish law.