The Examinership of Norwegian Air – Key Features
Following the conclusion of the Norwegian Air examinership on 26 May we, having advised Kieran Wallace as examiner, reflect in detail on some of the key features of the restructuring.

 

Following the conclusion of the examinership of Norwegian Air on 26 May 2021 we, having acted as legal advisors to Kieran Wallace of KPMG Ireland as the examiner of Norwegian Air, reflect on some of the key aspects and innovations in the restructuring many of which were addressed in four separate judgments delivered by the Irish High Court over the course of the examinership including:

  • Cross Border Features – Examinership of a Norwegian Incorporated Company
  • Cape Town Convention and Termination of Aircraft Leases
  • Group Restructuring through Examinership
  • Releases of Related Companies / Third Parties through Examinership
  • The Conditional Investment
  • The Blended Dividend
  • The Treatment of Existing Equity

The case further demonstrates the advantages and strengths of Irish restructuring processes and Ireland as a jurisdiction to complete complex, multi-jurisdictional restructurings.

Click here or on the image below to download our briefing.

The Examinership of Norwegian Air – Key Features

Key Contacts

Ruairi Rynn Partner

Fergus Doorly Partner

Craig Sowman Partner