The danish bankruptcy act konkursloven lbk nr 11 af 06 01 2014 distinguishes between three different types of insolvency these are bankruptcy restructuring and debt relief bankruptcy and restructuring are applicable to both legal and natural persons while debt relief is reserved for natural persons aside from these judicially regulated insolvency proceedings other. Njord law firms expertise covers cross border and domestic insolvencies and restructurings and group co head malene eigtved acts for financial creditors and distressed companies in insolvency proceedings team co head jorgen erik frandsen is also a key name for insolvency work. Under danish insolvency law a moratorium may only be agreed voluntarily between a debtor and the debtors creditors or as part of restructuring proceedings filed for or completed as long as restructuring or bankruptcy proceedings filed for are pending unsecured creditors are also barred from pursuing their claims. In addition denmark has not implemented the uncitral model law on cross border insolvency according to the danish bankruptcy act the danish ministry of justice has authority to grant binding effect to foreign court decisions concerning bankruptcy restructuring and similar judicial insolvency procedures. Research the key issues surrounding restructuring insolvency law in denmark denmark restructuring insolvency this country specific qa provides an overview to restructuring insolvency laws and regulations that may occur in denmark post navigation
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