Regional news: Finland

An insolvent Canadian company that owns a gold mine in Finland has been placed into receivership, while fraud litigation between its majority shareholder and only secured creditor play out in the US and Canada.

02 February 2022

Alvarez & Marsal has brought in two former EY partners to lead its new office in Finland and its Nordics restructuring practice, while its Swiss restructuring team has hired from Credit Suisse.

05 February 2021

Norwegian Air has entered a formal restructuring process in Norway to run parallel to its Irish examinership, and announced an agreement to convert over €7 million of debt into equity.

09 December 2020

Creditors of offshore oil and gas services group Swiber have approved the company’s restructuring plan announced earlier this month, more than three years after it entered reorganisation proceedings.

31 May 2019