Insolvency

Cirio Advokatbyrå AB

Cirio Advokatbyrå AB handles a broad spectrum of insolvency-related matters, including financial workouts, refinancings of distressed debt, and solvent and insolvent liquidations. Lars-Henrik Andersson, who has over 30 years’ restructuring and insolvency experience, leads the team alongside Pierre Pettersson, who regularly advises both debtors and creditors on distressed debt and cross-border insolvency issues. Karl Björlin is often appointed by courts as a receiver in insolvency and restructuring proceedings, while Odd Swartling specialises in financial crises and formal restructurings.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘Cirio is a team player and offers great leadership, including in tricky cases. This team is very highly qualified.'
‘Lars-Henrik Andersson is very experienced and likable, with a strong commercial understanding. He has a goal-oriented and no-nonsense approach.'
‘Both Pierre Pettersson and Karl Björlin are easy to work with and straightforward in their communication.’
‘Lars-Henrik Andersson is a very qualified and trusted contact.'
'Pierre Pettersson has extensive experience of corporate restructurings, distressed debt and workouts. He is a solid lawyer, with a solution-oriented approach, and is a perfect partner in complex matters.’
‘Cirio's insolvency practice is one of the strongest in Sweden. They have lawyers with vast experience as bankruptcy administrators. This, in combination with their strong banking and finance and M&A practices, makes them unique in the market.’
‘They are skilled in explaining complicated legal matters in a straightforward way.’
‘The practice has all the necessary qualifications for handling large insolvency cases.'

Key clients

Hisingens Industri & Skeppsservice AB and Ferm & Persson AB
RiVe Juridiska Byrå AB and AB C&P (formerly Compexia)
Petroswede Europe AB/Svenska Petroluem AB
BIG Travel Sweden AB (and Reseshopen i Norden AB)
Innovation Properties Sverige AB and Innovation Properties Holding 9 AB
Sushi Yama AB and Sushi centralen AB
Libro Stålteknik AB and Blixthuset Stålhallar AB
Inzile AB
Scotch & Soda Sweden AB
Nordic Netstores AB

Work highlights

Acted as administrator in Swedish PE-owned sushi restaurant chain Sushi Yama's restructuring under the new Restructuring Act.
Appointed as official receiver in bankruptcy for Scotch & Soda Sweden AB as a part of an international work-out/restructuring of the international Scotch & Soda clothing retailer group.
Appointed as official receiver in several ongoing bankruptcies of Swedish steel construction companies - Libro Stålteknik AB and Blixthuset Stålhallar AB.

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