Lars-Olof Svensson

Languages

Swedish
English

Lars-Olof Svensson is a senior counsel in CMS Wistrand’s practice group Dispute resolution and specializes in in insolvency, insurance and arbitration, where he presented his Master’s thesis at the Universidade de Lisboa in May 2022, Remote Hearings in International Arbitration and Due Process or the Right to be Heard. With 42 of experience, he has extensive experience in advising fund managers, private equity firms, insurance and reinsurance companies, telecom multinationals, steel industry, audit firms and property owners and developers on commercial law, including mergers and acquisitions as well as commercial litigation and arbitration.

Lars-Olof Svensson has notably led the insolvency run off of Svenska Kredit, the biggest insolvency case in Sweden involving foreclosure of properties held as security and claims adjustment of reinsurance claims in the amount of several 100 million euros and represents a broad range of clients, including banks, insurance and reinsurance companies.

He has a rich history of prior experience and held positions ranging from Associate to Senior Associate and Partner at various law firms, including Tisell’s law firm and Sten Lindskog’s law firm as well as CMS Rui Pena & Arnaut in Lisbon.

Additionally, Lars-Olof Svensson has contributed to legal education through guest lectures at Stockholm School of Economics on restructuring and at Stockholm University, Law Faculty, on civil procedural law. He has three reported cases from the Supreme Court, NJA 1987 p.535, NJA 2005 p.443 and NJA 2016 p.609. He has authored published articles on insurance law.

Lars-Olof Svensson joined CMS Wistrand in 2000.

Professional experience

Senior Associate, CMS Wistrand, 2022-
Senior Consultant och EU-lawyer, CMS Rui Pena&Arnaut, Lissabon, 2017 – 2022
Partner, Wistrand Advokatbyrå, 2000 – 2016
Partner, Tisell Advokatbyrå, 1989 – 2000
Senior Associate, Tisell Advokatbyrå, 1986 – 1989
Senior Associate, Sten Lindskog Advokatbyrå, 1985
Associate, Sten Lindskog Advokatbyrå, 1982-1985

Relevant experience

Bankrupcy trustee in Svenska Kredit, credit insurer and reinsurer. Entailed forleclosure of a large number of properties held as security and restructuring och property owners, and claims adjustement in the millions of euros with insureds and collection of reinsurers´share of losses
Administrator in SalusAnsvar Sak, a non-life insurer. Claims adjustement of 1 200 claims (personal injury, professional liability and property claims) and collection of reinsurers´share of losses
Counsel pin arbitration for Nordic heavy mechanic engineering company in the shipping industry vs. US multinational re. defect weldings in gensets. Tribunal held in client´s favor.
Counsel in arbitration for Nordic manufacturer of a windtunnel for a European defence ministry. Question if it was agreed tunnel should have been stress relieved. Tribunal held in client´s favour.
Counsel in arbitration for a Nordic telecom indrustry vs insurer re interpretation of period extension clause in a electric magnetic field cover policy. Tribunal hel i client´s favor.
Acted as legal advisor for Nordic a Nordic telecom industry in a claims adjustement matter for 100 million € on a business interruption policy for subcontractors. Insurer accepted client´s examination of causation and losses and was paid in full.
Acted as legal advisor to Swedish owners divesting all shares in Russian retail fashion industry

Memberships & Roles

Försäkringsjuridiska föreningen
Svenska Sjörättsföreningen
Advokatsamfundet 1985-

Awards & Rankings

Chambers Global and Chambers Europe – Dispute resolution, 2014:
“Lars-Olof Svensson impresses sources with his experience in the area and his “understanding of how arbitrations work, both domestically and internationally.”
Chambers Europe – Dispute resolution, 2015:
“Lars-Olof Svensson is noted by sources for his skills on cross-border litigation and arbitration, and is described as ‘thoughtful and measured.’.”
Chambers Europe – Dispute resolution, 2016:
“According to sources, Lars-Olof Svensson is “well known for his knowledge of bankruptcy law.” He advises clients on disputes concerning distressed situations, including insolvency proceedings. His practice also encompasses liability and insurance cases.”

Education

Mestrado em Direito e Prática Jurídica, Direito Comercial Internacional, Universidade de Lisboa 2022
LL.M., Lund University, 1979

Practice Areas

Dispute Resolution Restructuring & Insolvency

sectors

Insurance Shipping & Transportation

Insights

Global Reach