JD Supra (Blogs)

1. Different Business Entities - 1.1 Introduction and outline - Enterprises in Norway may be organized in several ways; the most common are limited liability companies, partnerships, and sole proprietorship. When selecting the appropriate business form in Norway, the choices are mainly between the above mentioned three structures. If the activities are of a non-profit or voluntary...

1. Different Business Entities - 1.1 Introduction and outline - Enterprises in Norway may be organized in several ways; the most common are limited liability companies, partnerships, and sole proprietorship. When selecting the appropriate business form in Norway, the choices are mainly between the above mentioned three structures. If the activities are of a non-profit or voluntary...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER NORWEGIAN LAW - I. STANDARD FORMS OF AGREEMENT - A. Offer to Purchase sets forth Buyer’s offer of price and date for closing. Seller may accept or reject. B. The purchase contract sets forth the terms of purchase and sale, including among other things, price, allocation of costs of the transaction, date for closing, encumbrance, insurance and

1. Different Business Entities - 1.1 Introduction and outline - Enterprises in Norway may be organized in several ways; the most common are limited liability companies, partnerships, and sole proprietorship. When selecting the appropriate business form in Norway, the choices are mainly between the above mentioned three structures. If the activities are of a non-profit or voluntary...

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER NORWEGIAN LAW - I. STANDARD FORMS OF AGREEMENT - A. Offer to Purchase sets forth Buyer’s offer of price and date for closing. Seller may accept or reject. B. The purchase contract sets forth the terms of purchase and sale, including among other things, price, allocation of costs of the transaction, date for closing, encumbrance, insurance and

• JD Supra Norway

Welcome to Conyers’ 2021 Norway Practice Bulletin. Our annual publication underscores the importance of the Norwegian market to our Bermuda corporate practice. The 12 months since our last issue have been very different, to say the least, and something of a roller-coaster with second and third waves of Covid-19. In general, 2020 was an especially difficult year for raising capital in the...

• JD Supra Norway

1. Different Business Entities - 1.1 Introduction and outline - Enterprises in Norway may be organized in several ways; the most common are limited liability companies, partnerships and sole proprietorship. When selecting the appropriate business form in Norway, the choices are mainly between the above mentioned three structures. If the activities are of a non-profit or voluntary...

• JD Supra Norway

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER NORWEGIAN LAW - I. STANDARD FORMS OF AGREEMENT - A. Offer to Purchase sets forth Buyer’s offer of price and date for closing. Seller may accept or reject. B. The purchase contract sets forth the terms of purchase and sale, including among other things, price, allocation of costs of the transaction, date for closing, encumbrance, insurance,...

• JD Supra Norway

World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture Capital deals (and more!).

• JD Supra Norway

Norway's Data Protection Authority, Datatilsynet Norway, issued a Q&A on cross-border transfers in the wake of the Schrems II ruling- Key Takeaways- •Access to European Union data from a third country constitutes a transfer. •In addition to complying with all relevant requirements of the General Data Protection Regulation, such as the rules on the basis of processing, data processor...

• JD Supra Norway

Many Norwegian employees have been (temporarily) laid off due to Covid-19.  The rules related to layoffs are generally based on non-statutory law, similar to principles agreed upon in collective wage agreements. An employer may, as a general rule, temporarily lay off its employees for a period of up to six months, if there are reasonable grounds for the layoff.

• JD Supra Norway

General: This is not the time for strict enforcement of data protection. We are showing agility during this crisis. Work: •Information that someone is infected with coronavirus is health information. •Information that someone has been quarantined or returned from a so-called “risk area” is not health information...

• JD Supra Norway

The Norwegian Data Protection Authority (DPA) recently announced a €200,000 fine against Oslo’s municipal education agency for several security flaws associated with an app the agency developed for communications between school employees, parents and pupils.

• JD Supra Norway

Gender Equality - Obligation to Report Gender Pay Differences - New Legislation Enacted - From January 1, 2020, all private companies employing more than 50 employees must conduct a salary survey by gender every second year. If necessary, companies must implement measures to counter discrimination and increase equality and diversity.

• JD Supra Norway

Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? New legislation has been passed.

• JD Supra Norway

On November 28, 2019, the Ethics Information Committee convened by the Norwegian government recommended the adoption of mandatory corporate human rights legislation. As proposed, this broadly applicable Act would create additional human rights due diligence and disclosure obligations for a significant number of multinationals doing business in Norway. This Alert provides a detailed overview of...

• JD Supra Norway

As of January 1, 2019, employers’ obligation to pay salaries during the first period of a temporary layoff increased from 10 to 15 days. Previously, an employer’s duty to pay salaries during a temporary layoff was reinforced for a limited period if the temporary layoff had lasted 30 weeks.

• JD Supra Norway

Different Business Entities - 1.1 Introduction and outline - Enterprises in Norway may be organized in several ways; the most common are limited liability companies, partnerships and sole proprietorship. When selecting the appropriate business form in Norway, the choices are mainly between the above mentioned three structures. If the activities are of a non-profit or voluntary nature, a...

• JD Supra Norway

1. What claims may be brought for liability for defective products? Is liability based on fault/ negligence, or strict liability, or both? In Norway, defective product claims may be brought in contract and the tort of negligence and/ or under the Product Liability Act 1988 (“the Act”), which implemented the EU Product Liability Directive. Product liability applies to the liability of...

• JD Supra Norway

Travel Time is Working Time - Precedential Decision by Judiciary or Regulatory Agency - On June 4, 2018, the Supreme Court of Norway concluded that an employee’s travel ordered by the employer is working time. The decision is in accordance with the advisory opinion from the EFTA Court in case E-19/16.

• JD Supra Norway

Norway, on the westernmost tip of the Scandinavian Peninsula, allows voluntary depositions of willing witnesses, regardless of the witness’ nationality. Norway is famous for long winter nights and seemingly endless summer days, breathtaking fjords, fishy cuisine, and, of course, Vikings. Norway’s official name is the Kingdom of Norway, which until just over 100 years ago, included Greenland and...

• JD Supra Norway

New Statutes on Restrictive Covenants Become Effective January 1, 2017, for Contracts Existing Before January 1, 2016 - Enacted Legislation - New statutes on restrictive covenants, Chapter 14A in the Working Environment Act, came into effect January 1, 2016, with a one year delay on restrictions entered into before 1 January 2016.

• JD Supra Norway

I am excited to be traveling to Norway next week to attend my first conference of the Pharmaceutical Trade Marks Group in Oslo. Not having been to PTMG before, I can’t offer much insight on the conference, but since I lived in Oslo for a year many years ago, I do have a bit to say about the host city. In the spirit of a smorgasbord, here are five things I’m looking forward to about the trip,...

• JD Supra Norway

Norway has positioned itself as the leader in the “Slow TV” movement. I’m not sure it’s a movement, actually. Norway is really the only place I know of that this is going on (C-SPAN and golf aside). Slow TV is live coverage of a slow paced event, like a GoPro strapped to a sloth’s head as it goes about its daily business, or grass growing. Shows have been dedicated to topics such as National Wood

• JD Supra Norway

In Depth - On 19 February 2016, the Supreme Court of Norway asked the European Free Trade Association (EFTA) Court to provide an advisory opinion on the legal test required to qualify an agreement as restricting competition “by object” under Article 53 of the Agreement on the European Economic Area (EEA Agreement), which has the same content as Article 101 of the Treaty on the Functioning of