Insolvency

Poul Schmith

Poul Schmith is well-known for its longstanding status as trust adviser to the Danish State, but also works on behalf of a robust private-sector client base on the full spectrum of complex insolvency matters, including inter-creditor agreements and debt restructurings, among others. Practice head Boris Frederiksen’s practice encompasses the entirety of insolvency law, and is praised as a ‘mastermind when it comes to strategy and a cool, straight hitting negotiator’. ’Wonderful, cool-headed litigator’ Cathrine Wollenberg Zittan is an important point of contact for matters concerning asset tracing work, debt collections and cross-border insolvencies.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘They have a deep and profound understanding of the insolvency legislation, and were not afraid of going the extra mile.’
‘The team are well-educated and driven to deliver excellence at all times. They are a force to be reckoned with.’
‘Boris Frederiksen is a mastermind when it comes to strategy and a cool, straight hitting negotiator. You want him on your side in any discussion.'
'Cathrine Wollenberg Zittan is a wonderful, cool-headed litigator. She understands all the issues and looks at the big picture rather than always being caught up in the weeds.'

Key clients

The Danish Tax Authorities
The Danish Financial Supervisory Authority
The Commissioners for HMRC
The Employees’ Guarantee Fund
The Danish Guarantee Fund for Non-life Insurers
The Travel Guarantee Fund
Vækstfonden (The Danish Growth Fund)
Nordea A/S
Sydbank A/S
Danske Bank
Jyske Bank A/S/
Nykredit Bank A/S
Altor Fund II

Work highlights

Assisted the client in relation of a) the development of a new IT system for collection of taxes; and b) the assessment of claim validity and data quality in respect of claims that have been transferred to the Danish tax authorities in its capacity as debt collection authority.
Advising the Danish tax authorities on the recovery of unjustified refunds of withheld dividend tax for a total amount of DKK12.7 billion.
Representing Altor Fund II (the general partner) and the holding company that owned the shares in OW Bunker A/S their combined Danish litigations, which are currently ongoing before the Danish High Court and Supreme Court.

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