Regional news: Norway

Quantuma and Duff & Phelps have hired in London, while Germany’s Roland Berger and Consignum have expanded across the country, and FTI Consulting has promoted a new head of corporate finance and restructuring in Asia: meanwhile, a new Norway/UK boutique has opened in Oslo.

12 February 2021

The holding company for a Norwegian seismic imaging group has secured an English scheme of arrangement that allows it to restructure debt formerly governed by New York law.

02 February 2021

The holding company for a Norwegian seismic imaging group has secured a single meeting for some of its creditors to vote on an English scheme restructuring US$872 million of debt.

21 December 2020

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

Two weeks after it sought bankruptcy protection in Ireland, Oslo-headquartered Norwegian Air has laid out plans to pursue debt-for-equity swaps with several groups of creditors.

04 December 2020

Two major subsidiaries of Oslo-headquartered Norwegian Air have entered examinership proceedings in Ireland, one week after Norway’s government refused to grant it further financial assistance following a bailout earlier this year.

19 November 2020

International oil and gas services company KCA Deutag has secured court sanction of its English scheme, which its lawyers say is likely to be given effect in Russia, Oman, Norway, Germany and the US.

05 November 2020

Alvarez & Marsal has hired a new head of financial restructuring and an operational restructuring lead for the Nordics, three months after launching its Norwegian practice.

17 August 2020

Six months after bondholders took control of the company through a “ground-breaking” coercive share pledge enforcement, UK telecoms group Lebara has completed its capital restructuring.

16 January 2020

West African gold miner Avocet has appointed joint administrators from Duff & Phelps in London, one week after its shareholders voted against placing the company into a members’ voluntary liquidation.

22 August 2019