Nordics - Norway
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Insolvency and corporate recovery

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Advokatfirmaet Thommessen AS

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Advokatfirmaet Thommessen AS has established itself as a key adviser on financial restructuring transactions across the offshore, shipping, aviation and retail industries. Overseeing the team and praised as an ‘outstanding adviser’, Kristoffer Hegdahl has experience in financial restructurings, financially distressed scenarios and workouts. For debt capital market transactions, Halvor Mansåker is a key name, while Ellen Heyerdahl is equally recommended for bank and bond financing work. Frida Stene-Slotte, who focuses on financial restructurings within the debt capital market transactions space, and Øyvind Dehli, who specialises in bankruptcy and restructuring mandates, are also key names to note.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Thommessen is unique as the size of the firm means they are capable of delivering first-class competence and service in all legal areas.’

  • ‘Kristoffer Hegdahl has an ability to deliver quickly with a practical approach. Faraz Ahmed Ali has very thorough analyses and overview of the details in complicated cases.’

  • ‘Strong team with expertise within all relevant fields and depth to take on complex tasks.’

  • ‘Kristoffer Hegdahl is an outstanding adviser and professional who can identify solutions to complex matters within tight timelines.’

  • ‘Extreme capacity to implement and execute several ongoing and complex refinancings. Empirical team from both sides of the table on a lot of transactions. Capable of combining the commercial and legal parts.’

  • ‘Available, experienced, skilled, and likeable.’

  • ‘They are probably the most experienced restructuring team in Norway and are a go-to-firm for large and complex situations.’

  • ‘Faraz Ahmed Ali is the most talented restructuring lawyer I have worked with, he is always in control of all details and provides useful advice in any situation. Kristoffer Hegdal is also impressive.’

Key clients

  • Nordic Trustee
  • DNB Bank ASA
  • Nordea Bank
  • Danske Bank
  • Swedbank
  • ABN Amro
  • NIBC
  • The Export-Import Bank of China (CEXIM)
  • Seadrill
  • Export Finance Norway
  • Eksportfinans ASA
  • Handelsbanken
  • DBS Bank
  • Danish Ship Finance
  • SpareBank 1 SR-Bank
  • SpareBank 1 SMN
  • Sparebanken Møre
  • Skandinaviska Enskilda Banken (SEB)
  • MPC Containerships ASA
  • DOF ASA
  • Unicare
  • BAML
  • Volstad Maritime
  • Nordic Unmanned ASA

Work highlights

  • Advised the secured lenders of Solstad Offshore relating to a $1.5bn debt refinancing which resulted in a comprehensive refinancing which entailed a corporate reorganisation, significant equity contribution and a refinanced secured loan facility.
  • Advised Recreate ASA in connection with the restructuring efforts throughout 2023 and Q1 2024.
  • Acted as Norwegian legal counsel for an ad hoc group of lenders in connection with the $1.5bn financial restructuring of Hurtigruten Group AS.

Lawyers

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Faraz Ahmed Ali
Advokatfirmaet Thommessen AS
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Kristoffer Hegdahl

Other key lawyers

Halvor Mansåker, Ellen Heyerdahl, Frida Stene-Slotte, Øyvind Dehli, Maria Norum Aguilera, Faraz Ahmed Ali, Stine Sletaker Landmark