Insolvency and corporate recovery

Kvale Advokatfirma DA

Kvale Advokatfirma DA's fully specialised insolvency and restructuring practice is ‘highly competent’ and particularly sought after by clients for advice on bankruptcy and judicial restructuring proceedings; the team also assists banks with securing and recovering funds from customers in financial distress. Leading the practice, Stine Snertingdalen is an expert in insolvency and insolvency-related banking and finance mandates. The group also includes Tom Hugo Ottesen, who assists companies and banks with restructuring and refinancing matters; Thomas Piro, who advises on bankruptcy issues; and distressed M&A expert Anne Kjølseth Ekerholt. Bjørn Løtveit, who joined the firm in January 2023 and specialises in financing and collateral issues, and insolvency specialist Erik Torjusen, are also key contacts.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘By far the best insolvent capabilities in Norway.’
‘Great team and great members. Well organised, informed and go the extra mile to resolve cases.'
'All the partners involved have shown good abilities to prioritise the most important issues, give concrete and clear advice, and make the necessary risk assessments during the project.'
‘I have worked with Kvale's insolvency and restructuring team for several years, and have been assisted by a small but highly competent team, mainly consisting of three partners and one associate. I am very impressed with their ability to be quick, precise and cost-effective in their advice. Our case has not been very large or high-profile, but I have always felt prioritised and well taken care of. I am particularly impressed by the availability of the partners.’
‘Stine Snertingdalen is probably the best within her field of expertise. A pleasure to work with, provides high-quality advice and is easy to communicate with.’
‘Tom Hugo Ottesen is still active and plays an important role with his vast experience.’
‘Erik Torjusen and Stine Snertingdalen are both highly skilled, always positive and ready to assist both in small and big cases. Great people skills combined with high quality work make them great in their field.’
‘We have mainly been assisted by the partners Anne Ekerholt and Stine Snertingdalen and in this area, they have really impressed me. Their availability has been very good throughout the time we have received assistance with our case.'

Key clients

The bankruptcy estate of Flyr
The bankruptcy estate of AG Installasjon
The bankruptcy estate of A-K Maskiner and subsidiaries
Optin Bank (winding up)
The bankruptcy estates of Norske Skogindustrier and other companies in the Norske Skog company group
The bankruptcy estates of the Vita company group
Collector Bank
Danske Bank
DNB Bank
Eksfin/Eksportfinansiering Norge (formerly GIEK)
Sparebank 1 SR-Bank
The bankruptcy estate of IMSK
Contexo reconstruction
Axxis Geo Solutions reconstruction
The bankruptcy estate of Aker Brygge Trading
The bankruptcy estate of Top-Toy Norge (Toys 'R Us retail chain)
The bankruptcy estate of ØPD
The bankruptcy estate of Norhard and other group companies
The bankruptcy estate of NP Group
The bankruptcy estate of Miris
The bankruptcy estate of Jisco Alumina Norway
The bankruptcy estate of REC Wafer Norway
Nordic Trustee
Collector Bank

Work highlights

Handling the bankruptcy estates of Norske Skogindustrier and several of its subsidiaries in a large and complex bankruptcy.
Handled the bankruptcy estate of Flyr and advised on its agreement with leasing companies from the UK, the US and Ireland, which required the estate to engage several employees from the company and approval from the Norwegian Civil Aviation Authority.
Handling the bankruptcy estate of A-K Maskiner and its subsidiaries, appointed by the court as bankruptcy trustee in June 2022.

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.