Contrary to what is the case in many jurisdictions, under Norwegian law, the business activity of lending is subject to strict licensing requirements. Only certain financial institutions are eligible for a license permitting them to conduct the business of lending in Norway.
New rules to strengthen the protection of whistleblowers were recently adopted by the Norwegian legislative assembly. After the new legislation is effectuated 1 July, many employers are bound to put issues concerning whistleblowing on their agenda.
Hilti AG, a global supplier to the construction industry, announced June 6 the acquisition of the Øglænd System Group from the Nordic PE mid-market firm Segulah and other minority shareholders.
On 30 May, the European Parliament, the Council and the Commission agreed to revive the European securitisation market. The basis for the agreement was the European Commission's proposal from 2015 on new securitisation rules.
On behalf of the Shipping and Offshore group in Simonsen Vogt Wiig we would like to welcome all national and international friends and colleagues to Nor-Shipping. We hope to see many of you during the week on the various events.
The Norwegian transactions market is strong due to an active equity capital market, booming activity in bulk and container, steady growth in private M&A and high restructuring activity in offshore supply. Our transaction team is "on board" and playing an active role.