Kvale has one of Norway's largest and most reputable specialist groups for restructuring, reconstruction and bankruptcy and tops both national and international rankings.

We assist various stakeholders that are impacted when a company experiences financial problems and manage a wide range of issues.

Kvale offers operational and solution-oriented advice to guide companies, boards and owners through the many legal and practical issues that often arise when companies are facing financial challenges.

Our team applies a commercial approach to the cases they take on, based on specialist expertise within the field. Kvale’s lawyers have extensive experience in how judicial and extrajudicial proceedings function in practice, the various issues that may arise during the process and how the different stakeholders are likely to act. The types of cases Kvale deals with range from the administration of bankruptcy estates and reconstructions to assistance to companies, directors, auditors, shareholders, employees, banks and other secured and unsecured creditors.

Restructurings give rise to many issues and, when necessary, we work in interdisciplinary teams which have the specialist expertise within the relevant areas and industries, for example, tax, construction law and shipping/offshore.

Kvale's lawyers are involved in legal developments in this field through their membership on the Norwegian Advisory Council on Bankruptcy and reference group for the proposed new, temporary Restructuring Act that was adopted in May 2020.

Our services include:

  • Advice to owners, boards and management when faced with financial challenges.
  • Negotiations with and between creditors.
  • Purchase and sale of insolvent enterprises both inside and outside of bankruptcy.
  • Reorganisation and downsizing.
  • Financial restructuring.
  • Investigations of insolvent enterprises.
  • Insolvency-related legal processes, for example, avoidance and director’s liability.
  • Collection of claims, including enforcement,
  • Tactical and practical assistance to banks in special engagement cases.
  • Arbitrator assignments.
  • Assignments as bankruptcy or restructuring administrators.
  • Assistance to stakeholders facing reconstruction or bankruptcy.