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Paul Sveinsson is a member of the Banking, Finance and Insolvency department.
Sveinsson has wide experience as advisor to and counsel for banks and finance institutions, listed and private companies in connection with banking, financing transactions and regulatory matters, relating to a number of business areas including banking, finance, aviation and international trade. Sveinsson assists both Norwegian and foreign clients within his areas of expertise. His work also comprises litigation, mainly in banking, finance, enforcement and insolvency, and appointments as an arbitrator. He is a member of the Fraud Network, please see http://www.thefraudnetwork.com/
Sveinsson has acted for many years in matters relating to restructuring of businesses, insolvency and bankruptcy. As in-house counsel and General Counsel of DnC and DNB (the major Norwegian commercial bank) he acted in numerous cases of work-outs and restructurings during the Norwegian banking crisis 1987-1994, in Norway and at the bank's offices abroad.
He acted on Arntzen de Besche's team that helped secure the first Norwegian US chapter 11 reorganisation, of PGS (Petroleum Geo Services ASA) in 2003/2004.
Under the financial crises 2008 onwards he acted in Norway for the estate of Glitnir Banki h.f., one of the failed Icelandic banks, from 2008 to 2015, in litigation and credit matters.
In 2020 he is acting for some 15 lessors and creditors to the Norwegian airline Norwegian Air Shuttle ASA, in connection with repossession, enforcement of claims, debt to equity swaps and other related matters.
Chambers’ sources refer to Mr. Sveinsson as "straightforward and constructive, and always looks for positive solutions”.