Insolvency and corporate recovery

BAHR

Client Satisfaction

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.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘BAHR is the first call legal team for bondholders, creditors and companies involved in complex cross-border situations. The BAHR team had a long history of navigating difficult transactions involving multiple jurisdictions.’
‘The individuals that I worked with were skilled and experienced in working with Norwegian and English legal issues and understood how to advise on the advantages, risks and costs of pursuing a range of legal strategies. Additionally, Magnus was excellent at advising the bondholder group, understanding their respective communication requirements and setting the conditions for reaching a consensus.’
‘Competence and collaboration.’

Key clients

Nordea Bank Norge ASA
DNB Bank
Nordic Trustee ASA
Credit Agricole Corporate
Skandinaviska Enskilda Banken AB (publ)
ING Bank NV
Swedbank AB
PGS ASA
Danske Bank (Norwegian branch)
Export Finance Norway (Eksfin)
Citibank N.A (London Branch)
ABN Amro Bank N.V. (Oslo Branch)
Global Loan Agency Services Limited
Golden Energy Offshore Management AS
Aker Horizons ASA
Aker Mainstream Renewables AS
Mainstream Renewable Power Ltd
Nordic Trustee & Agency AB (Publ)
Hurtigruten Group AS
Transporte y Comercio Maritime Service Ltda and Transportes Patagonia Wellboat Ltda.

Work highlights

Acted as Norwegian legal adviser and global legal coordinator to leading seismic vessel operator PGS ASA on the successful financial restructuring and refinancing of financial commitments.
Advising OSE-listed Aker Horizons ASA in connection with its investment in Mainstream Renewable Power.

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