Cross-border insolvencies (Norway-Portugal-Angola)

An insolvent Norwegian oil company had a subsidiary company in Angola. The insolvency administrator needed advice on the value and the procedure for liquidation of the Angolan subsidiary. Interlegal firms in Norway and Portugal established the framework arrangements in order to obtain, in a fast and thorough way, to provide the client with the procedures and data needed to make an informed and diligent decision on the subject.