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Akin Advises Nordic Trustee AS on Restructuring of DOF ASA and Subsidiaries

April 13, 2023

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(London) – Akin advised Nordic Trustee AS, acting on behalf of the DOF Subsea bondholders, in a restructuring of the financial indebtedness of DOF ASA and its subsidiaries. DOF Subsea and the wider DOF Group are international providers of supply, shipping and subsea services.

The restructuring was completed on March 24, 2023 with the financial creditors of the DOF Group acquiring 100% of the ownership of New DOF ASA (formerly DOF Services AS), the new holding company for the DOF Group.

More details on the transaction can be found here.

The Akin team advising Nordic Trustee AS was led by financial restructuring partner James Terry, and included counsel Emma Butler, Carone Huang and Caoimhe Kennedy and associate Patrick Mackenzie.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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