BAHR
Client SatisfactionBAHR fields a practice with particular expertise in the corporate restructuring market, and the team frequently acts for Norwegian bondholders. Practice head Richard Sjøqvist is an expert in international financing work and restructurings, while Magnus Tønseth specialises in restructurings in the shipping and offshore markets and Jon Christian Thaulow is an insolvency litigator. The group also includes Daniel Jovanovic and Kristine Hjertenæs, who both act in complex multi-jurisdictional restructurings, as well as Steffen Rogstad, who frequently assists with complex negotiations and cross-border matters.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- 'The firm has legal and commercial competence.'
Key clients
- Nordea Bank Norge ASA
- DNB Bank
- Nordic Trustee ASA
- Credit Agricole Corporate
- Skandinaviska Enskilda Banken AB
- 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
Work highlights
- Acting as Norwegian legal adviser and global legal coordinator to the seismic vessel operator PGS ASA on the successful financial restructuring and refinancing of its financial commitments.
- Acting as joint lead restructuring counsel for a coordination committee of creditors representing lenders under 12 credit facilities with Seadrill Limited subsidiaries as borrowers, comprising credit funds, bank lenders and Norwegian, Korean and Chinese ECAs representing approximately $5.7bn of secured debt in negotiations relating to the restructuring of Seadrill Limited’s capital structure.
- Acted as Norwegian counsel for the secured lenders in connection with six credit facilities amounting to approximately $1.44bn of debt, in the context of the restructuring of Altera Infrastructure L.P. and its subsidiaries.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Magnus Tønseth
BAHRPractice head
The lawyer(s) leading their teams.
Richard Sjøqvist