Regional news: Sweden

Moldovan group completes BVI scheme to fund enforcement actions against Kazakhstan

A Moldovan oil group has closed a contested British Virgin Islands scheme and obtained Chapter 15 recognition in a restructuring designed to help it fund enforcement of an arbitral award it won against Kazakhstan over a decade ago.

08 January 2024

Swedish electric trucker’s UK subsidiary calls in Linklaters, Hilco and Alvarez

Linklaters and Hilco are advising a trio from Alvarez & Marsal as administrators of Swedish electric vehicle maker Volta Trucks’ UK subsidiary, which collapsed last week as its parent entered insolvency in Sweden.

23 October 2023

Milbank, Vinge and Houlihan advise as Nordics’ largest taxi group restructures

Teams from Milbank, Houlihan Lokey and Swedish law firm Vinge have helped holders of sustainability-linked notes take over the largest taxi firm in the Nordic region from HIG Capital in an out of court restructuring under Swedish law.

29 September 2023

Swedish mattress maker's schemes sanctioned in London

Hilding Anders has completed its second restructuring in less than a year after an English court sanctioned inter-conditional schemes for the mattress maker’s Swedish and Luxembourgish subsidiaries.

12 July 2023

Kirkland, Loyens & Loeff and Latham advise as Swedish mattress maker secures English scheme meetings

UPDATED: Less than a year after Hilding Anders restructured its debts, Swedish and Luxembourgish subsidiaries of the mattress maker have obtained permission to hold meetings for a pair of schemes that would grant super-priority status to a new money facility and effect a debt-for-equity swap.

16 June 2023

Gernandt & Danielsson assists Swedish property manager as distress hits local real estate

Stockholm firm Gernandt & Danielsson has helped a local residential property manager complete a US$218 million equity restructuring to help it weather plummeting property prices in Sweden.

23 May 2023

Weil advising as Scandi flag carrier lands in New York bankruptcy court

Scandinavian flag carrier SAS has jetted to New York to seek Chapter 11 relief after strike action grounded half its fleet.

05 July 2022

Swedish government rejects further capital injection in SAS

A week after Scandinavian Airlines revealed plans to convert US$2.1 billion of its debt into equity and raise almost US$1 billion of cash, the Swedish government announced it will not inject new capital into the struggling company.

08 June 2022

Canadian court appoints receiver over Finnish gold mine operator

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 bolsters ranks in the Nordics

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

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