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Assisted Norse Energy Corp. ASA on restructuring

Arntzen de Besche has assisted the Oslo Stock Exchange listed company Norse Energy Corp. ASA on its restructuring as announced the 25th of April 2013.

The negotiations for a restructuring of Norse have been ongoing for quite some time, and it is satisfactory to see that the different stakeholders finally reached an agreement. The refinancing structure has been fairly complex, involving chapter 11 proceedings in the US and a range of different creditors. Our restructuring team has been involved in several cross-border and complicated transactions lately, including advising Teekay Corporation on the restructuring of Sevan Marine ASA. Advising Norse has been a challenging and interesting project.

See the announcement.

Arntzen de Besche is one of Norway’s leading law-firms within oil, energy and offshore, advising on all aspects of the industry.

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