
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.
Testimonials
Collated independently by Legal 500 research team.
‘Our adviser quickly understands the situation from business and legal aspects, and based on that can give legal advice. He understands quickly what is important and what is not, and his effort is always focused on that.’
‘Simonsen Vogt Wiig has done exceptionally good work for us through the lawyer Bjørn Åge Hamre. Bjørn Åge Hamre can be strongly recommended and those who use him are guaranteed to get the best possible result.’
‘Bjørn Åge Hamre has a personality and appearance that makes him appear as someone who wants to get the best possible result out of the situation.’
‘Bjørn Åge Hamre is skilled, knowledgeable, and efficient. Has the rare ability to balance complexity with pragmatism. Creates trust and confidence between parties.’
‘A solution-oriented team backed by a strong business law firm, with a good presence on the West Coast.’
‘Frank C. Aase knows banking and is on top of all processes regarding insolvency and corporate law. He is energetic and pleasant to work with.’
‘Bjørn Åge Hamre is experienced and commercial. Hamre is both calm and rational in his behaviour which affects everyone in the room in a good way.’
‘Frank Aase focuses on commercial viability, practicality, and attention to detail. His ability to balance the legal intricacies of bankruptcy with real-world business implications makes him stand out.’
Key clients
- The bankruptcy estate of Norske Skogindustrier ASA
- Nordea Bank Abp, filial i Norge
- Brage Finans AS
- The bankruptcy estate of Kleven Verft AS
- Berent Friele, under bankruptcy
- Curida AS
- Nordea Bank Abp, filial i Norge
- The Norwegian Advisory Council on Bankruptcy
- Fosen Seafarm Construction AS
- Store Norske Elementfabrikker AS (owned under Alvergruppen AS)
- Kaibosh AS – restructuring
- Vestafjell AS and AOV Eigedom AS - restructuring
- Bank of America Leasing Limited, Standard Chartered Bank, SDH Leasing Limited, Orix Aviation and Air Lease Corporation
- Teknobad AS
- The bankruptcy estate of Bankruptcy in Gaustad & Kvaal AS and 7 subsidiary and affiliated companies
- The bankruptcy estate of FiiZK Holding AS with subsidiaries
- The bankruptcy estate of Tavegg AS
- The Norwegian Bar Association’s law committee for liens, bankruptcy, enforcement, voluntary arrangement and debt collection
- The bankruptcy estate of Nordic Personell AS (IMO Offshore AS)
- Swedbank AB NUF
Work highlights
- Acted for Norske Skogindustrier ASA in insolvency proceedings with total claims of more than NOK10bn.
- Advising two international bank syndicates in connection with the reorganisation of offshore rig operators.
- Acting as appointed administrator for the highly publicised bankruptcy estate of Kleven Verft AS.
Lawyers

Practice head
The lawyer(s) leading their teams.
Peter Aall Simonsen, Bjørn Åge Hamre, Nils Håkon Risberg, Asbjørn Breistein