Konkurs

Chambers Europe Rating 2013
-  Restructuring/Insolvency

Following a merger with Philip in 2011, this firm now boasts one of the largest restructuring and insolvency teams in Denmark. The team is well known for both its domestic and international capabilities, and advised on a string of recent high-profile restructurings and bankruptcies. Highlights include assisting The Containership Company with its EUR30 million restructuring, which involved US court proceedings, and domestic sporting events provider DGI with its USD100 million restructuring.

Sources say: “A quick, highly professional service – always my first choice.” 

Sources praise the “pragmatic and business-minded” Ole Borch for his ability to find solutions. “He always does a great job,” said one interviewee. Michael Serring is a securities expert, as well as a “highly skilled insolvency lawyer.” He has been busy representing banks in bankruptcy litigation. The "pleasant but tough" Troels Tuxen is "the perfect guy to broker a reconstruction," says a source. Also active on bankruptcy cases, “he inspires confidence” in his clients.

Ulrik Holsted-Sandgreen acts for financial institutions and corporations, handling restructurings and bankruptcies. Erik Malberg has extensive experience of working on bankruptcy and insolvency issues, and has strong connections with a number of major banks. Bjørn Wittrup advises on restructurings and reorganisations and also takes appointments as a bankruptcy trustee. Clients consider Carsten Ceutz to be “knowledgeable and extraordinarily good in court.” He often acts on behalf of financial creditors.

Chambers and Partners Europe, Restructuring/Insolvency

Chambers Global Rating 2013
-  Restructuring/Insolvency

Sources praise the “pragmatic and business-minded” Ole Borch for his ability to find solutions. “He always does a great job,” said one interviewee. Michael Serring is a securities expert, as well as a “highly skilled insolvency lawyer.” He has been busy representing banks in bankruptcy litigation. The "pleasant but tough" Troels Tuxen is "the perfect guy to broker a reconstruction," says a source. Also active on bankruptcy cases, “he inspires confidence” in his clients. Ulrik Holsted-Sandgreen acts for financial institutions and corporations, handling restructurings and bankruptcies.

Erik Malberg has extensive experience of working on bankruptcy and insolvency issues, and has strong connections with a number of major banks. Bjørn Wittrup advises on restructurings and reorganisations and also takes appointments as a bankruptcy trustee. Clients consider Carsten Ceutz to be “knowledgeable and extraordinarily good in court.” He often acts on behalf of financial creditors.

Chambers and Partners Global, Restructuring/Insolvency

IFLR1000 Rating 2013
-  Insolvency

The biggest news at Bech-Bruun in the last 12 months has been its merger with fellow firm Philip and peers suggest that it could work well for the firm in restructuring and insolvency work. "I think this merger will serve them well in insolvency," says one partner

The firm has three partners, in the forms of Erik Malberg, Michael Serring and Ole Borch among the 24 lawyers with special relations to the Copenhagen Bankruptcy Court, more than any other firm. Of those three Borch is highly regarded by competitors.

In an important mandate, Jørgen Hauschildt led a team acting as restructuring administrator for The Containership Company (TCC) which operates between China and Los Angeles. Following an order under US Chapter 15 protection, Denmark was appointed as the venue of foreign proceedings for TCC. The $30 million deal remained pending on going to press. In addition Ole Borch advised on the successful $100 million restructuring of DGI Sports and Culture Centre (DGI –Byen) which closed in January 2012.

The firm also continues to work on a number of avoidance claims. In one such case Michael Serring's advice to Bristen Group resulted in a Danish court ruling preventing banks from considering payments from anyone other than a debtor as third party payment. Another interesting precedent relates to invoice fee entitlement and was set by the Danish Supreme Court when Bjørn Wittrup advised AL Finans (part of Arbejdernes Landsbank).

It is worth noting that Lars Lindencrone Petersen has been hired by the board of directors of Max Bank to conduct a legal inquiry into the bank's collapse, which is expected to be concluded in 2012.

IFLR1000, Restructuring and insolvency

Legal500 Rating 2013
-  Insolvency

Troels Tuxen heads Bech-Bruun’s ten-partner group, which added Erik Malberg, Bjørn Wittrup and Henning Hansen through the merger with Philip Law Firm. In addition to handling bankruptcy proceedings for Århus Værft, the team is involved in major corporate restructurings for The Containership Company, DGI Sports, and Culture Center and Emmerys. Michael Serring, Karl Stephensen and Ole Borch are appointed receivers at Copenhagen Bankruptcy Court.

Legal 500, Insolvency