Insolvency and corporate recovery

Kvale Advokatfirma DA

Kvale Advokatfirma DA has ‘excellent technical and commercial skills’ across its insolvency and corporate recovery team and is a key partner to leading Nordic financial institutions on the entire spectrum of matters, singled out for its strength in bankruptcy and judicial restructuring proceedings. Stine Snertingdalen heads up the department and regularly advises on insolvencies and insolvency-related banking and finance mandates. The group also includes Tom Hugo Ottesen, who is a key name for banks and companies seeking restructuring and financing advice; Anne Kjølseth Ekerholt, who stands out for distressed M&A matters; and Thomas Piro, who is an expert in major bankruptcies. Erik Torjusen, who takes point on insolvency matters, and restructuring expert Bjørn Løtveit are also recommended.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Kvale is a professional, dedicated, highly knowledgeable company.’
‘Stine Snertingdalen is highly professional, dedicated, knowledgeable and a pleasure to cooperate with. Erik Torjusen and Bjørn Løtveit are also worth mentioning.’
‘Partner Stine D. Snertingdalen is a significant contributor in the field within and outside of Norway. As her client, you get excellent advice from the beginning to the end. She is efficient, committed, and utterly client-focused. And on top of that, she provides a great team and is very easy to get on with.’
‘Excellent technical and commercial skills.’
‘Solution driven and reliable. When things get complicated you feel you are in very good hands.’

Key clients

The bankruptcy estate of Flyr
The bankruptcy estate of AG Installasjon
The bankruptcy estate of A-K Maskiner and subsidiaries
Nuax forced liquidation estate
Sparebank 1 Helgeland
The bankruptcy estates of Norske Skogindustrier and other companies in the Norske Skog company group
Norion Bank (previously 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 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
The bankruptcy estate of Polar Miljø
The bankruptcy estate of KF Entreprenør
The bankruptcy estates of Flott Fond 1 and Flott Gjort, a group of 26 companies.
Xynteo bankruptcy estate

Work highlights

Advised the bankruptcy estate of Norske Skogindustrier in connection with its asset recovery lawsuit.
Handled the complex bankruptcy estates of a restaurant group funded by a fund of private investors, with Flott Fond 1 and Flott Gjort as parent companies, and with 24 subsidiaries.
Handled the bankruptcy estate of Flyr, an airline which operated 12 airplanes with 44 air routes both in Norway and overseas.

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