news

News

Karl Even Rygh to join Wiersholm

Published: Wednesday, January 17, 2018

This new addition to our partner team will consolidate and reinforce our already strong position within shipping. 

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Morten Goller is the new Managing Partner of Wiersholm

Published: Wednesday, January 3, 2018

Mr Goller takes over the leadership after Nils H. Thommessen. 

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Wiersholm admits a new partner

Published: Tuesday, January 2, 2018

Christel Søreide joins the partnership as of the new year. 

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Nordic Buy Out Forum 2017

Published: Tuesday, December 12, 2017

Wiersholm recently organised – for the seventh time – Nordic Buy Out Forum, an event which is also backed by the Norwegian Venture Capital & Private Equity Association (NVCA). 

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Wiersholm has assisted MPC container ships

Published: Monday, November 27, 2017

Our lawyers assisted in connection with a private placement in which the company placed new shares at a total value of approx. USD 175 million. 

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Wiersholm assists Schibsted in private placement

Published: Friday, November 24, 2017

Our lawyers assisted the company in connection with a private placement in the amount of NOK 2.5 billion. 

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Wiersholm has assisted Komplett Bank

Published: Friday, November 10, 2017

Komplett Bank was admitted for listing on the Oslo Stock Exchange on Friday 10 November after completing a successful IPO. Wiersholm has assisted Komplett Bank in the process. 

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Wiersholm assisted Borr Drilling with purchase of rigs

Published: Wednesday, October 11, 2017

Wiersholm also assisted with an equity offering in connection with the purchase of nine jack-up rigs. 

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Jon Rabben to Wiersholm

Published: Tuesday, August 15, 2017

One of Norway's best and most experienced lawyers joins our energy team. 

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Legal developments in Norway H1 - 2017

Published: Thursday, July 13, 2017

Wiersholm's bi-annual newsletter has now been published.  

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The Gassled tariff dispute in short

Published: Wednesday, July 12, 2017

The Gassled Court Case is one of the largest cases in Norwegian legal history. The recent judgment from Borgarting Court of Appeal aquitted the Norwegian State from all claims. The four Claimants have until 16 September 2017 to file an appeal with the Supreme Court.  

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M&A and IPO trends

Published: Wednesday, July 12, 2017

The Norwegian transaction market has experienced a positive trend since the 2008 financial crisis. H1 2017 saw 190 transactions, a higher level of transactions than before the 2008 financial crisis. Even though the transaction market in Norway is enjoying a positive trend, with a high number of transactions, the IPO market has been relatively quiet. 

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Less than a year until the new data protection era

Published: Wednesday, July 12, 2017

The 25 May 2018 marks a watershed for data protection. The subsequent application of GDPR, in interplay with the private sector, government, and individuals, will decide which shape data protection will take. We believe the main driving force behind data protection will be the demands actors in the private sector make on each other – through contracts and otherwise – to reduce the risk of economic liability and loss of reputation. 

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Corporate Social Responsibility: Kind-Hearted PR or Mandatory Laws?

Published: Wednesday, July 12, 2017

Lawyers Thomas Skjelbred and Jannicke Eilertsen asked this significant question in an article published in Dagens Næringsliv this spring. There are many good reasons why this development will continue. Sustainability is no longer a matter of kind-hearted PR measures; increasingly there are legal obligations with which corporations must and should comply. 

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The leading Norwegian firm within transactions in H1 2017

Published: Wednesday, July 12, 2017

Wiersholm comes out on top in Mergermarket's survey of transactions in Norway in terms of transaction value, and holds second place when it comes to number of transactions. 

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Real estate - Brief Market report

Published: Wednesday, July 12, 2017

Brief Market report The first half of 2017 has proven very busy for our commercial real estate team. As demonstrated by several analysts, Q1 2017 had the highest number of transactions ever recorded during the first three months of a year in the Norwegian commercial real estate market. 

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Oil and gas update

Published: Wednesday, July 12, 2017

Oil & gass is the largest industry in Norway, and Wiersholm are working with several of the key actors in the industry. Hence, we follow the changes and movements in the industry closely. Below we have commented on the most important events that have happened recently. 

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Central changes in the Norwegian tonnage tax regime

Published: Thursday, June 8, 2017

The Norwegian Government has communicated that the Norwegian tonnage tax regime will be continued for another period, but that new restrictions will be implemented as compared with today's regime. The new period will last from 1 July 2017 until 31 December 2026. 

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The business property market in 2016 in brief

Published: Monday, February 13, 2017

The market for business property in Norway reached a peak in 2015, with record sales volumes. In 2016, the volumes decreased a good deal, but the level of activity was still high. 2016 turned out to be yet a good year in terms of the sales of business property, with the second highest registered volumes ever. 

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Wiersholm has assisted shipping company Olympic Ship

Published: Friday, February 10, 2017

The financial restructuring of the company was finalised on Saturday 4 February. 

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A new year with two new Wiersholm partners

Published: Wednesday, January 4, 2017

On 1 January 2017, Kristian Martin Lind and Kristine Hasle Øverby entered the Wiersholm partnership. Both of them have long service at our firm.  

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Wiersholm advises Olympic

Published: Tuesday, December 13, 2016

Olympic Shipping AS has obtained the required support for a restructuring, according to a stock exchange notification of 9 December.  

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Summary of this year's Nordic Buy Out Forum

Published: Monday, December 12, 2016

On Wednesday 7 December, Wiersholm and the Norwegian Venture Capital & Private Equity Association (NVCA) gathered the venture capital and private equity industry and others involved in the transaction market for the 6th Nordic Buy Out Forum.  

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Would the B Atlantic have been determined differently if it was under the Nordic Plan's War Risks cover?

Published: Monday, December 5, 2016

Following the recent decision in London in the B Atlantic, this article considers whether the assured would have had their claim for a CTL paid had the B Atlantic been insured under the Nordic Plan's War Risks cover. 

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Invitations to the sixth Nordic Buy Out Forum have now been sent out

Published: Tuesday, November 15, 2016

This year's conference consists of four sessions; The Art of Deal-Making, Value Creation in the Digital Age, Investment Insights and Market Developments. 

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Proposal to increase taxation of investments through fund accounts (unit link)

Published: Tuesday, November 1, 2016

The Norwegian Ministry of Finance has proposed to increase the taxation of share investments made through fund accounts (unit link) to the same level as for shares owned directly by shareholders being natural persons.  

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Norwegian rules on interest deductibility are discriminatory

Published: Wednesday, October 26, 2016

The EFTA Surveillance Authority (ESA) has in a reasoned opinion concluded that certain interest cap rules contained in the Norwegian Tax Act are not in line with Article 31 of the EEA Agreement regarding freedom of establishment.  

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Harvard and Wiersholm joined forces during this year's IBA conference

Published: Thursday, September 22, 2016

Each year lawyers from around the world participate in the most important global gathering of the industry. This year the conference is held in Washington DC.  

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Proposal for amendments to the rules on VAT registration through a representative in Norway

Published: Wednesday, May 4, 2016

The Norwegian Government has proposed amendments to the provisions in the Norwegian VAT Act regarding VAT registration for foreign businesses. 

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Limitation of interest deduction on intra group loans

Published: Tuesday, March 8, 2016

In this article we take a closer look at the provisions regarding limitation of deduction of interest expenses paid between related parties. 

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New possibilities as sanctions against Iran are lifted

Published: Thursday, February 18, 2016

With effect from 16 January 2016, the UN and the EU have lifted the comprehensive economic and financial restrictions against Iran. However, in a patchwork of rules, Norwegian companies must act with care. 

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A new year and three new partners in Wiersholm

Published: Wednesday, January 6, 2016

On 1 January 2016, Sondre Dyrland, Thomas Naalsund and Håkon Cosma Størdal entered Wiersholm's partnership. With their contribution, important areas of expertise and focus are further strengthened. 

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The Supreme Court: Norwegian management does not give non-resident companies a tax liability to Norway

Published: Tuesday, December 22, 2015

The judgment provides important clarifications with regards to the requirements for a non-resident taxpayer to have a limited tax liability to Norway for activities on the Norwegian continental shelf. 

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Wiersholm advises Polarcus

Published: Tuesday, December 8, 2015

Polarcus has announced its decision to formally address the Company's long term financing structure with the aim of restructuring the Company's balance sheet. 

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ICLG Cartels & Leniency

Published: Wednesday, December 2, 2015

Wiersholm has contributed a chapter in The International Comparative Legal Guide to Cartels & Leniency 2016.  

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ICLG Competition Litigation

Published: Wednesday, September 30, 2015

Wiersholm has contributed the chapter on Norwegian law in The International Comparative Legal Guide to Competition Litigation 2016. 

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New standard contracts for the Norwegian Shelf

Published: Thursday, July 9, 2015

Several years of work have resulted in new standard contracts for modification work on the Norwegian Continental Shelf. This note sets out a brief overview of the most interesting changes. 

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Cooler bond market a hot topic at conference

Published: Friday, June 5, 2015

The financing prospects in light of the oil price decline were a hot topic when the shipping and offshore industry gathered yesterday. 

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Jan Fougner appointed Adjunct Professor at BI Norwegian Business School

Published: Friday, March 27, 2015

Partner Jan Fougner has been appointed Adjunct Professor of Employment Law at BI Norwegian Business School. 

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Parliamentary bill with a new anti-corruption provision

Published: Monday, March 23, 2015

Michael Tetzschner, Deputy Chairman of the Norwegian Parliament's Standing Committee on Scrutiny and Constitutional Affairs, has, together with Partner Jan Fougner and Wiersholm, proposed a new bill with clear parallels to the world's most up-to-date anti-corruption legislation – the UK Bribery Act. 

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Criminal prosecution of individuals for breach of the competition rules

Published: Friday, March 13, 2015

The Norwegian Competition Authority has circulated for comments a draft guide regarding charges against individuals. We are generally positive towards the draft, but request more predictability.  

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We have relocated!

Published: Monday, February 23, 2015

Today, Monday 23 February, we are moving into our new building in Dokkveien 1 at Aker Brygge in Oslo. We are looking forward to welcoming both existing and new business associates to Dokkveien 1!  

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The Norwegian Ministry of Justice hires Wiersholm

Published: Monday, February 23, 2015

Wiersholm's partner Jan Fougner has been hired to investigate the Norwegian Police Management in a possible child murder case.  

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New partners in Wiersholm

Published: Monday, December 29, 2014

Wiersholm has the pleasure of announcing that Gunhild Dugstad, Rune Opdahl and Hans Kenneth Viga-Gerhardsen have been admitted as new partners with effect from 1 January 2015. 

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The International Comparative Legal Guide

Published: Monday, September 29, 2014

Anders Ryssdal and Monica Hilseth-Hartwig from Wiersholm has contributed to the latest edition of The International Comparative Legal Guide to Competition Litigation 2015 edition. 

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Interpretive ruling relating to the limitation of the deductibility of interest

Published: Monday, June 23, 2014

On 10 June this year, the Ministry of Finance made an interpretive ruling relating to the rules on the limitation of the deductibility of interest. 

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Rules on the limitation of deductibility

Published: Tuesday, April 29, 2014

In connection with the national budget for 2014 new rules were adopted on the limitation of deductibility of interest in respect of interest payable to related parties, with effect from the income year 2014. 

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A day with anti-corruption on the agenda

Published: Wednesday, March 19, 2014

Corruption and non-compliance are matters which many are concerned with. Wiersholm's Jan Fougner was the initiator of Oslo Compliance Forum and in today's conference, he set the Minister of Trade and Industry a challenge. 

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Wiersholm boosts its team

Published: Thursday, January 23, 2014

Kai Thøgersen and Morten Goller, two of Norway's most prominent lawyers, announce their transition to Wiersholm. 

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Supplementary regulations on the limitation of the deduction

Published: Monday, December 23, 2013

On Friday 20 December, the Ministry of Finance submitted draft regulations on the limitation of interest deductions in communities of interest – the provision of security from related parties. 

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External loans to be reclassified as internal loans

Published: Thursday, October 24, 2013

In the state budget, the proposed interest limitation will be extended in that external loans will be regarded as internal loans in a number of contexts. 

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The Energy and Natural Resources guide

Published: Saturday, June 8, 2013

Wiersholm partner Thomas K. Svensen and Wiersholm lawyers Sandra Simonsen and Kristian Martin Lind have written a Q&A guide to oil and gas regulation in Norway.