Insolvency

  • Acted as the administrator for more than 200,000 creditors in the largest-ever restructuring of a Finnish conglomerate. 
  • Acted as the sole administrator for more than 10,000 creditors in the largest Finnish bankruptcy procedure so far in the 21st century. 
  • A bankruptcy estate of a limited liability company in its pending claims against the managing director, Board members and auditors of the company regarding compensation for losses caused by the respondents.
  • A bankruptcy estate of a building contractor in a number of disputes relating to various building contracts against construction firms, building developers, municipalities, a city and the state of Finland. 
  • The Finnish Guarantee Board in a number of recovery proceedings against the bankruptcy estate of a major Finnish company. The total value of these cases was several hundred million euro. 
  • A bankruptcy estate of a major Finnish company against a leading Finnish bank in precedential court proceedings concerning the validity of a pledge given by the company on behalf of its parent. Following the dismissal of our claim by the District Court and the Court of Appeal, the Supreme Court of Finland reversed the lower courts’ decisions, declared the pledge invalid and ordered the bank to pay substantial compensation to the bankruptcy estate.