Best Restructuring & Insolvency Lawyers in Stockholm

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Hansen Advokatbyrå AB
Stockholm, Sweden

Founded in 1987
50 people in their team
Swedish
English
GROW RELATIONSHIPS AND THE BUSINESS WILL FOLLOW.Good conversation isn’t what business success is made of. But it’s a great starting point.Our core business is to help you thrive through top-tier legal guidance. And that could be all there is to it. But we’ve learned that great transactions...
Visioner Advokatbyrå
Stockholm, Sweden

Founded in 2011
English
Established in 2011, Visioner Advokatbyrå has grown from a single-employee office in Nybro to one of the largest law firms in the region, with offices in Nybro, Lessebo, Högsby, and Oskarshamn. This expansion reflects the firm's commitment to providing accessible and comprehensive legal services...
HI Juristbyrå
Stockholm, Sweden

Founded in 2013
50 people in their team
Swedish
English
You are always in good handsFounded in 2013, H I Law has established itself as one of Sweden’s leading law firms. We have a reputation for providing ethical, personalized, high-quality legal services and access to justice for all of our clients.Our lawyers are highly skilled and accessible. Our...
Law & Business Group Sweden AB
Stockholm, Sweden

Founded in 2000
50 people in their team
Swedish
English
We are a Swedish law firm located in central Stockholm, representing individuals and companies in Sweden, Europe (included Ukraine), Asia (included Middle East) and the USA.With us, you get help from a lawyer with solid knowledge and great commitment. We offer a collaboration model where you...
Hammarskiöld
Stockholm, Sweden

Founded in 1998
50 people in their team
Swedish
English
Depth. Dedication. Drive.When you choose a law firm to represent your business, you are really making a bet on a team. Do they have the skillset I am looking for? Do they have the dedication and the drive to understand my business? Will they go above and beyond to help me solve my challenges? And...
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About Restructuring & Insolvency Law in Stockholm, Sweden

Restructuring and insolvency law in Stockholm, Sweden, provides a legal framework for addressing financial distress in businesses and individuals. This area of law covers procedures to help financially troubled companies restructure their operations and debts to avoid bankruptcy when possible or, if necessary, to manage insolvency proceedings efficiently. In Stockholm, as in the rest of Sweden, the legal system aims to balance the interests of creditors, debtors, and other stakeholders by encouraging viable restructuring and ensuring fair treatment in insolvency situations.

Why You May Need a Lawyer

Legal assistance is vital in restructuring and insolvency scenarios because the applicable laws and procedures are complex and the stakes are often high. Common situations where a lawyer's help is important include:

  • Assessing the financial position of a business or individual and exploring options before insolvency occurs
  • Negotiating with creditors to restructure existing debts and avoid bankruptcy or liquidation
  • Navigating formal company reorganization procedures under Swedish law
  • Managing bankruptcy filings and subsequent legal requirements
  • Understanding and protecting the rights of creditors or employees during insolvency proceedings
  • Addressing potential director liability when a company faces financial difficulties
  • Cross-border insolvency matters, particularly relevant in Stockholm's international business environment

Because restructuring and insolvency matters involve strict timelines, detailed legal rules, and significant financial ramifications, consulting an experienced lawyer can help you make informed decisions and protect your interests.

Local Laws Overview

Key aspects of Swedish restructuring and insolvency law that are relevant in Stockholm include:

  • Reorganization (Företagsrekonstruktion): A legal process available to companies in financial difficulty, allowing them time to negotiate arrangements with creditors under court supervision. The aim is to keep the business running while debts and operations are restructured.
  • Bankruptcy (Konkurs): When reorganization is not possible or fails, bankruptcy proceedings may be initiated, either voluntarily or by court order. During bankruptcy, a trustee takes control of the debtor's assets to distribute them among creditors according to statutory priorities.
  • Payout Priorities: Swedish insolvency law specifies in what order creditors are paid. Employees have preferential claims, followed by secured creditors and then unsecured creditors.
  • Personal Insolvency (Skuldsanering): Individuals in severe financial distress may apply for debt restructuring, which can lead to partial debt forgiveness subject to court oversight.
  • Director Responsibilities: Company directors have duties to act in the best interests of the company and its creditors, especially when insolvency is imminent. Failure to comply can result in personal liability.
  • Cross-border Proceedings: Strasbourg and EU regulations may apply when assets or creditors are based outside Sweden.

Understanding these legal provisions and procedures is essential for anyone facing or anticipating insolvency issues in Stockholm.

Frequently Asked Questions

What is the difference between restructuring and bankruptcy in Sweden?

Restructuring (företagsrekonstruktion) allows a company to reorganize and try to overcome financial problems with judicial protection from creditors. Bankruptcy (konkurs) involves the liquidation of assets to pay creditors, typically signaling the end of the company.

How do I know if my company qualifies for restructuring?

Your company must be financially distressed but still viable. The court will consider whether your business has a reasonable chance of survival if given legal protection and time to reorganize its finances.

Can creditors force my company into bankruptcy?

Yes. If your company cannot pay its debts as they fall due, creditors can petition the court to start bankruptcy proceedings against you.

Do employees get paid during insolvency proceedings?

Swedish law protects employees by giving their claims priority. The State Wage Guarantee Scheme may cover unpaid wages if an employer goes bankrupt or enters restructuring.

What happens to the management during a restructuring?

The existing management usually remains in control but is supervised by a court-appointed administrator, who acts in the interest of creditors and ensures compliance with the law.

How long does a restructuring or bankruptcy process typically last?

This varies depending on complexity. Restructuring can last several months, sometimes up to a year, while bankruptcy proceedings often take longer due to asset liquidation and creditor settlements.

Can an individual declare bankruptcy in Sweden?

Yes, private individuals may go bankrupt. Individuals can also apply for debt restructuring (skuldsanering), which is designed to help them recover from overwhelming debt.

Are directors personally liable for company debts?

Generally, directors are not personally liable. However, liability may arise if directors fail to act responsibly once insolvency becomes likely, such as by continuing to trade when the company cannot pay its debts.

What is the role of an insolvency lawyer?

An insolvency lawyer advises on legal options, prepares official filings, represents clients in court, negotiates with creditors, and provides strategic guidance throughout the restructuring or insolvency process.

Can I restructure debts without going to court?

Informal negotiations with creditors are possible, but formal protection from creditors and legal certainty usually require court-supervised restructuring.

Additional Resources

If you are seeking guidance beyond legal advice, consider the following resources in Stockholm and Sweden:

  • The Swedish Enforcement Authority (Kronofogden): Provides information on debt collection and enforcement, as well as public resources for individuals and businesses in financial distress.
  • Swedish Companies Registration Office (Bolagsverket): Offers details about company filings, restructuring processes, and insolvency matters.
  • Court Websites: Local district courts (tingsrätter) handle filings and provide practical guidance on legal procedures for insolvency and restructuring.
  • Swedish Bar Association (Advokatsamfundet): Directory of lawyers with expertise in restructuring and insolvency law.
  • Business Sweden and Local Chambers of Commerce: Resources for companies facing financial challenges and seeking business support services.

Next Steps

If you are facing or anticipating financial difficulty, consider taking these steps:

  • Evaluate your financial situation to determine if you are at risk of insolvency or require restructuring.
  • Consult a qualified restructuring and insolvency lawyer in Stockholm for a professional assessment and advice tailored to your circumstances.
  • Prepare relevant documentation, such as financial statements, creditor lists, and contracts, for your lawyer to review.
  • Explore all available options, including informal negotiations, formal restructuring, or bankruptcy, based on your lawyer's recommendations.
  • Familiarize yourself with Swedish legal procedures and rights to make informed decisions.

Taking early action and seeking professional legal guidance can increase your chances of a successful restructuring or orderly insolvency process, safeguarding both your interests and those of your stakeholders.

Lawzana helps you find the best lawyers and law firms in Stockholm through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Restructuring & Insolvency, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Stockholm, Sweden - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.