Interesting article:
https://e24.no/naeringsliv/i/g7nVWJ/...vaar-situasjon
Specially the part where Karin S. Thorburn, professor at the Norwegian School of Economics (NHH) doubts that the new scheme could be of particular help to Norwegian. Among other things, she has bankruptcies and restructurings as her areas of expertise.
- Norwegian can to some extent get help with liquidity, but the problem is that in order to convert debt into equity, you need unanimity. Everyone has to agree, and they may as well be unanimous outside the reconstruction process.
She points to a possible problem.
- In addition, we have the problem of Norwegian having subsidiaries in Ireland and other countries. And they will not be subject to such a process. Only the Norwegian part will.