Archives for Corporate Restructuring:

Waselius & Wist represents the syndicate of lending banks in the bankruptcy of Elcoteq, a company listed on Nasdaq OMX Helsinki.

For more information please contact Mr. Lauri Peltola or Mr. Timo Lehtimäki.

Waselius & Wist represented the Senior Lenders as to Finnish law aspects in the EUR 2 billion restructuring of European Directories Group, a pan-European local search and lead generation company, in Finland Fonecta Oy, pursuant to which the Senior Lenders took over the company in a debt-for-equity swap.

For more information please contact Mr. Lauri Peltola or Mr. Timo Lehtimäki.

Waselius & Wist represented the Senior Lenders in the restructuring of Paroc, a leading manufacturer of stone wool insulation materials and solutions, pursuant to which the Senior Lenders took a 87.5 % equity position in the company and the company’s debt of some EUR750M was simultaneously substantially reduced.

For more information, please contact Mr. Lauri Peltola.

Waselius & Wist acted for the joint administrators of TXU Europe Group (in Administration) in restructuring and divesting its portfolio of energy assets in the Nordic region during 2003 to 2007.

For more information, please contact Ms. Tarja Wist.