Teis Gullitz-Wormslev is specialized within bank & finance and insolvency & restructuring.

Teis is an experienced finance lawyer, advising on all types of acquisition and asset finance transactions. Teis also advice on insolvency and restructuring matters and acts as trustee and restructuring administrator. In addition, Teis regularly assist in the sale and purchase of businesses in financial distress, as well as in acquisitions and transfer of portfolios of distressed debts (NPLs). Finally, Teis advises his clients on general commercial law matters, such as contracts, negotiation and disputes. 


From 2005 to 2008, Teis headed up Kromann Reumert's London office, where he developed an extensive international network and broad experience in cross-border transactions.

Teis always aims to provide result-driven advice of high quality in close cooperation with his clients. Teis is valued for his approachable manner, commercial insight and focus on pragmatic solutions; all expressed through a trust-based relationship and informal dialogue.

Teis has since 2018 been the head of Kromann Reumert's International Committee overseeing and coordinating the firm's international business and relationships.

IFLR1000 2019

Financial and corporate

Excellent commercial lawyer who is efficient at managing transactions.

Legal 500 2018

Insolvency

‘Highly skilled’ Teis Gullitz-Wormslev advised SSP Technology’s main creditor Sandton Capital on the default of its secured debt, including putting the wind turbine manufacturer into an in-court restructuring process and selling it to Nordex. 

Chambers Europe 2018

Restructuring/Insolvency

Partner Teis Gullitz-Wormslev impresses with his efficiency and his ability to reach solutions. Clients say: "He knows how we think about recovery and investing; he is quite good at cutting through all the legislation and coming to a common-sense solution." He has gained experience working in the UK and regularly acts for international creditors in restructuring matters.

Chambers Europe 2017

Insolvency & Restructuring

Teis Gullitz-Wormslev is highly regarded for acting as a trustee and managing restructuring processes. He also advises on distressed transactions, including non-performing loan sales and acquisitions. Clients praise his skill set, as well as his "responsiveness and availability."

IFLR1000 2017

Leading Lawyer

Teis Gullitz-Wormslev took charge as lead counsel to Davidson Kempner Capital Management on the acquisition of NPL portfolios from Finansiel Stabilitet, the state-owned entity focused on bringing stability to financial markets.

Chambers Europe 2016

Insolvency & Restructuring

Teis Gullitz-Wormslev is praised for his experience in banking and insolvency matters, with market commentators saying: "He has a strong focus on the aims, objectives and goals of the client." Recent work includes acting as trustee in real estate bankruptcies.

IFLR1000 2016

Insolvency & Restructuring

The firm's restructuring and insolvency practice has been busy recently, with one example seeing Teis Gullitz-Wormslev acting as trustee in Ejendomsholding's $100 million bankruptcy and subsequent sale to Pears Global Real Estate / The Pears Family Trust.

Legal 500 2015

Insolvency & Restructering

Søren Aamann Jensen – with assistance from Christian Jul Madsen and the ‘dedicated’ Teis Gullitz-Wormslev  – is acting as co-trustee of E. Pihl & Son’s estate.

Chambers Global 2015

Insolvency & Restructuring

Teis Gullitz-Wormslev is appreciated by cli­ents for his ability to "apply his experien­ce together with great business acumen." He is an expert in the financial sector and recently advised Montagu Private Equity on the divestment of a distressed business to Triton. 

IFLR1000 2014

Insolvency & Restructuring

‘Another lawyer describes partner Teis Gullitz-Wormslev as "very responsive and very, very professional", adding that "he is pragmatic, knowledgeable and have a good level of skill".’

Chambers Global 2014

Insolvency & Resructuring

Teis Gullitz-Wormslev is "responsive and great to work with" according to one impressed client. He regularly acts as a trustee, recently advising Jyske Bank and other creditors on the sale of the bankrupt Amminex.

IFLR1000 2013

Insolvency & Restructuring

"In a restructuring highlight Teis Gullitz-Wormslev advised leading retail chain Taeppeland in the successful restructuring of 35 carpet and flooring shops in November 2011."

Legal 500 2014

Insolvency

Clients appreciate Kromann Reumert’s ‘direct, precise advice and broad commercial understanding’. Teis Gullitz-Wormslev advised Jyske Bank on the bankruptcy sale of Amminex.

activities
  • Teis has taught law at the University of Copenhagen
  • Teis is an active speaker and contributor to various publications within his specialist areas
  • Member of the American Bar Association
publications
  • Contributor to Køb og Salg af Virksomheder (Purchase and Sale of Businesses), 5th edition (2014)  
  • A guide to restructuring and insolvency law in Denmark
  • The Restructuring Review
  • Selvfinansiering og bestyrelsesansvar (Financial Assistance and Directors' Liability), Revision & Regnskabsvæsen, November 2008
Background
  • Head of Kromann Reumert's London office 2005-2008
admission and right of audience
  • Certified Insolvency Lawyer 2016
  • Admitted to practice law 2005
  • Registered European Lawyer (REL) 2005
Languages
  • English
  • The Scandinavian languages

A guide to restructuring and insolvency law in Denmark

The 9th edition of PLC's Cross-border Restructuring and Insolvency Handbook (A Q&A guide to restructuring and insolvency law in Denmark).

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The Restructuring Review

The Danish chapter for the book ”The Restructuring Review, third edition”.

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