Peter Hedegaard Knudsen

Peter Hedegaard Knudsen provides advice on aspects of banking law and insolvency law, including issues of credit law and the law mortgages and pledges.  

Peter has a right of audience before the Danish High Courts and is recognised by IFLR1000. He is a certified insolvency lawyer and has been appointed to the panel of insolvency attorneys set up by the Danish Debt Collection Agency within the judicial district of the Maritime and Commercial High Court. 

Peter has vast knowledge of the financial services sector, and his previous career includes a position as Head of Section with the Association of Local Banks, Savings Banks and Cooperative Banks in Denmark as well as membership of various working groups set up by Finance Denmark. Peter advises banks on the handling of non-performing loans, where payment may be at risk, including in connection with restructuring and bankruptcy. In that respect, he assists in obtaining the best possible safeguarding of position and rights and in raising claims in matters often involving a complex loan and security structure.  

Peter also advises banks on their liability as advisors and on regulatory issues. In this context, Peter’s advice extends to financial instruments etc. Moreover, his clients include creditors in general having exposures to enterprises in distress and he advises on e.g. the creation, safeguarding and enforcement of charges and other creditors’ rights. He further acts for banks in relation to disputes, including in proceedings relating to avoidance or damages, and conducts litigation before Danish district and High Courts.   

Peter has wide-ranging practical experience and expertise within insolvency law, including bankruptcy and restructuring proceedings, compulsory dissolution and composition with creditors. Within the field of insolvency law, he has special expertise within insurance law, including reinsurance and legal matters relating to non-life insurance companies in distress. In addition, Peter is the trustee of a number of bankruptcy estates.  

DLA Piper Denmark is the go-to advisor to the Danish Guarantee Fund for Non-life Insurance Companies and Peter provides advice on issues arising in connection with the bankruptcy of insurance companies.