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 structuring. Assists with the administration of estates, including the sale of businesses as going concerns, or liquidates companies' assets through formal insolvency proceedings. Also acts on out-of-court restructurings. Handles bankruptcy matters in a broad range of sectors including manufacturing, construction and retail.

Work highlights
Represented Daurehøj Erhvervsbyg and its creditors in its EUR34 million bankruptcy.

Notable practitioners
Anders Hauge Gløde advises clients on bankruptcies, restructurings and litigation proceedings. A source remarks that "he thinks outside the box," while a second interviewee adds that "he is pragmatic and easy to work with."

Anders Hoffmann Kønigsfeldt regularly acts as appointed trustee on bankruptcies spanning a range of industries. One market commentator states that "he is very practical, knowledgeable, easy to work with and very business-minded."

Clients appreciate that Jørgen Hauschildt "has a commercial approach and is easy to work with." He advises on company wind-ups and estate administration, handling both domestic and cross-border mandates.

Michael Serring is best known for his strength in insolvency litigation advising distressed companies, creditors and other parties in disputes. He also regularly acts as trustee for bankruptcy estates.

Troels Tuxen is known for his work on restructurings and insolvencies, serving domestic as well as international clients. He also regularly acts as administrator for bankruptcy estates.

Chambers and Partners Europe, Restructuring/Insolvency

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

In the Danish market Bech-Bruun is recognised for its strong M&A and projects teams. It also boasts of a very credible banking and restructuring and insolvency offering. 

The firm’s restructuring team often represents debtors and creditors on a mix of formal restructurings, distressed acquisitions and insolvency proceedings. 

A key staffing change during the research period saw partner Søren Meisling retire from the M&A team after over four decades at the firm. In the restructuring and insolvency space, partner Søren Christensen Volder joined from Lindhardt Steffensen, while Simon Lagrelius moved to Poul Schmith. 

Recent Deal Data highlights 

• Axcel acquisition of majority stake in Phase One
• Energinet DKr1.8 billion acquisition of GasNet
• Maersk Drilling Nasdaq Copenhagen IPO
• Nord Stream 2
• Teradyne €121 million acquisition of Mobile Industrial Roots
• Total $7.45 billion acquisition of Maersk Oil & Gas
• Total acquisition of Chevron’s 12% interest in Danish Underground Consortium
• Vineyard 800MW wind farm

Client feedback

"High quality and swift service." – Restructuring and insolvency

IFLR1000, Restructuring and insolvency

Ranked: tier 1

Bech-Bruun acts as trusty of bankruptcy estates, liquidator and restructuring administrator. The practice assists with negotiations with banks and other creditors, verifies charges and prepares restructuring plans. The firm assists with tax aspects and carries out distressed M&A transactions. The team is also experienced in advising creditors on the recovery of lent capital. Troels Tuxen is experienced in advising on cross-border insolvencies. The firm also advises on new business management and ownership structures and acts for insolvent companies in court cases regarding liquidation. Practice head Morten Krogsgaard is the practice head.

Legal 500, Insolvency