Wiersholm frequently assists debtors, banks and bondholders with restructurings in an ‘outstanding’ manner, with sector-specific knowledge of the shipping, offshore and aviation industries. Group head Ståle Gjengset focuses his practice on advising industrial companies, financial institutions and investment banks on matters relating to financial restructurings, M&A and capital markets transactions. The team also includes Kristine Hasle, who is highly experienced in finance transactions and restructurings; debt financing expert Atle Gabrielsen; and Petter Thomren Moltu, who focuses on debt capital markets, banking and finance, and restructuring mandates. Ingrid Tronshaug joined the team in 2023 from Kvale Advokatfirma DA, and brings with her expertise in insolvency and restructuring law with a focus on bankruptcies.
Testimonials
Collated independently by Legal 500 research team.
‘Wiersholm's merits, in particular with larger Norwegian companies, in out-of-court restructurings is outstanding. Ståle Gjengset has extensive experience in larger financial restructurings.’
‘Ingrid Tronshaug is experienced and very skilled.’
‘Ingrid Tronshaug just moved to Wiersholm, which represents added strength to Wiersholm's already strong insolvency team.’
'Responsiveness and can do attitude.'
Key clients
- The Ministry of Trade, Industry and Fisheries/The Kingdom of Norway
- Nordic Trustee AS
- Siem Offshore Inc.
- DNB Bank ASA
- Sparebank 1 SR-Bank ASA
- Altor Equity Partners
- Olympic Subsea ASA
- Polarcus Limited
- SFL Corporation Ltd.
- Archer Limited
- The bankruptcy estate of Major57 AS
- The bankruptcy estate of Råholt Hageby AS
Work highlights
- Assisted Nordic Trustee AS and an ad-hoc group of bondholders with the restructuring of the DOF ASA group.
- Assisted the Norwegian government with establishing a state guaranteed individual loan programme to support the airlines in the Covid-19 downturn, and in the restructuring of Norwegian Air Shuttle ASA.
- Acted for DNB Markets (lead arranger) and Nordic Trustee AS (bond trustee) in connection with the comprehensive refinancing of Archer Limited, including a $100m private placement and a 2nd lien bond issuance.
Lawyers
Practice head
The lawyer(s) leading their teams.
Ståle Gjengset