Our expertise includes:

  • Operational winding up of the assets of estates in bankruptcy
  • Creditor representation
  • Effective and speedy estate administration
  • Joint contractors in distress.

How can we help?
We have extensive experience with bankruptcy and insolvency issues and administer estates in bankruptcy of all sizes and within all industries.

We ensure that the estate's assets are realised in the best possible manner. Either through an entire sale of the financially well-functioning part of the business or at the highest attainable prices.

Moreover, we ensure that any transactions made at an undervalue, preferences given to suppliers, customers or financial institutions as well as any unlawful charges to property which occurred in the period prior to the bankruptcy, are challenged before the courts and reverted to the estate for distribution to all creditors.

We always work from the point of view that the winding-up proceedings should cause the creditors as little inconvenience as possible.

Common challenges
When a business gets into financial difficulty, it creates uncertainty. Not only for the business and its owners, but also for suppliers, employees and other creditors.

If the reconstruction of the business is not feasible, it is important that the winding up of the business takes place as soon and as quickly as possible and with the involved parties experiencing the least loss possible.


Our ratings

Chambers and partners

Chambers Europe Rating 2016
-  Restructuring and Insolvency

What the team is known for Esteemed and well-resourced practice that regularly assists domestic and international creditors with a range of bankruptcy and insolvency issues, including debt collection. Routinely acts for clients on regulatory and restructuring mandates. Noted for its expertise in contentious and non-contentious matters, as well as its international focus.

Strengths Clients praise the team's "specialist" knowledge, saying: "They are a big, well-functioning office."

Work highlights Assisted F Group, and Nordea as the main creditor, with complex restructuring issues.

Advised Aage Oestergaard Horsens on a ring-fencing agreement with its creditors Sydbank and Danske Bank.

Significant clients Nykredit, DNB, Handelsbanken, The Danish Travel Guarantee Fund, SEB.

Notable practitioners
The "hard-working" Carsten Ceutz is well regarded for representing both financial creditors and bankrupt estates in corporate restructurings and insolvencies. He has further expertise in oil and gas production, trading and management liability.

Michael Serring is highly regarded for his experience in bankruptcy disputes, investigations and white-collar crime. His recent work includes representing Jyske Bank in an avoidance action brought against Ellen Holmgård.

Troels Tuxen co-heads the department and has considerable experience in restructuring matters. He regularly assists clients with corporate and bankruptcy matters, and has advised Jutland Meat on bankruptcy litigation.

Erik Malberg offers expertise as a trustee and has worked on a number of Danish bankruptcy proceedings. He has great experience of administrating the estates of distressed companies. He regularly advises clients from the financial sector.

Chambers and Partners Europe, Restructuring/Insolvency

Chambers and partners

Chambers Global Rating 2015
-  Restructuring/Insolvency

The excellent Ole Borch is "extremely flexible and responsive with a strong commercial approach," according to appreciative clients. He handles restructurings and is noted for his strong expertise in insolvency proceedings.

Troels Tuxen wins respect for his wide-ranging expertise, including in the administration of bankruptcy estates, restructuring and insolvency litigation matters. He is described as a "very skilled negotiator and moderator."

Carsten Ceutz is "extremely well qualified in his field," according to clients, and is noted for his experience as a liquidator and restructuring and bankruptcy administrator. He was the lead partner advising Bristen Gruppen on its bankruptcy proceedings.

Michael Serring specialises in insolvency matters, focusing primarily on debt collection, distressed securities and litigation. He has particular expertise in advising on limited partnerships.

Erik Malberg is a "great lawyer - he impresses me every time we work with him." He specialises in bankruptcy issues, particularly asset sales and administration of company charges and receivables.

Chambers and Partners Global, Restructuring/Insolvency


IFLR1000 Rating 2016
-  Insolvency and restructuring

On the restructuring and insolvency side the team again had a busy year. Ole Borch, for example, led a team in acting as the administrator in an in-court restructuring process for Da’core, utilising a new model of in-court restructuring. Borch was again in the lead as the team assisted MSE, with Tryg and Nordea as the major creditors, on its multi-million euro bankruptcy which managed to continue construction projects the company was working as it was being restructured and sold to new owners.

Clients were also very pleased with the work of this team. “We are very satisfied with Bech-Bruun and Carsten Ceutz and his team and have no complaints,” says one banking client. “They showed very high levels of professionalism and offered serious treatment with quick responses and answers to our questions.”

IFLR1000, Restructuring and insolvency

Bech-Bruun Recommended by Legal500

Legal500 Rating 2017
-  Insolvency and restructuring

Bech-Bruun’s ‘very good’ restructuring group, led by Troels Tuxen, is now part of the firm’s wider banking, restructuring and capital markets practice. Tuxen has been advising the bankruptcy estate of Jutland Meat on proceedings against its former management. Clients recommend Carsten Ceutz, who ‘always responds quickly’. Ole Borch retired.

Legal 500, Insolvency

  • Copenhagen

    Langelinie Allé 35
    2100 Copenhagen

  • Aarhus

    Værkmestergade 2
    8000 Aarhus C

  • Shanghai Representative Office

    No.1440 Yan'an Middle Road, Suite 2H08
    Jing'an District, 200040 Shanghai, P.R. China

  • Bech-Bruun Law Firm P/S

    P +45 72270000
    F +45 72270027
    VAT number 38 53 80 71
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