Enforcement and Insolvency

Financial institutions can leverage a range of legal tools designed to guide engagements in the right direction while ensuring compliance with agreements and applicable regulations. As is well known, the best outcomes are achieved when we are involved at an early stage. Our services include:

• Legal review of engagements, including due diligence of security documentation and assessment of strategic options
• Assisting in developing engagement strategies, including setting objectives and action plans—along with implementation and follow-up
• Negotiating with borrowers and, if necessary, entering into realization agreements
• Debt enforcement under the Enforcement Act and the Financial Collateral Act
• Securing unsecured exposures
• Restructuring negotiations, including under the Norwegian Reconstruction Act, negotiation of creditor agreements, and other out-of-court restructuring solutions
• Secondment of personnel for management, leadership, and financial support in crisis-stricken companies
• Assistance in bankruptcy proceedings, including liaising with bankruptcy estates, safeguarding collateral values, financing estate operations, handling statutory liens, and addressing clawback claims
• Guarantee payouts for banks/financial institutions, including performance guarantees, residential construction guarantees, etc.
• Handling liability claims against board members, management, auditors, owners, and insurers, as well as claims brought against banks and financial institutions

We have an broad network of international law firms, auditors, transaction advisors, and other specialists whom we engage as needed for specific tasks beyond our scope as Norwegian lawyers. The composition of the team is carefully tailored to the needs of each case, always weighing efficiency against cost control.