Nordics - Sweden

1

Insolvency

Cirio Advokatbyrå AB

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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.

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.

Lars-Henrik Andersson

Hall of fameCirio Advokatbyrå AB

Lars-Henrik is a partner and specialises in banking and finance, insolvency, restructuring and acquisitions. Lars-Henrik acts for Swedish and international banks and financial institutions in financing and restructuring matters. He is top ranked within insolvency/reconstruction and banking and finance by Chambers Global and Europe since 2010. Lars-Henrik is also vice president of REKON (Swedish Association for Receivers and Restructuring Administrators).

Leading individuals

Next Generation Partners

Practice head

The lawyer(s) leading their teams.

Lars-Henrik Andersson, Pierre Pettersson

Other key lawyers

Karl Björlin, Odd Swartling

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