News and current topics from various practice areas and industries

Following the Norwegian Agricultural Agency’s ruling in favor of Hydropower AS in the appeal against the County Governor’s decision, the company has completed the construction of the solar power plant, and power production is in full swing.

With the expansion of digitalisation, large and small businesses are increasingly vulnerable to security breaches and the threat of data attacks, as well as the misuse of personal data.

Many owners of real estate conglomerates are currently considering making capital changes to reduce the wealth tax for 2023.

In recent years the traditional employment relationships have evolved. Enterprises are incorporating new methods of recruitment based on market analysis, whilst also attempting to be less burdensome both economically and practically than traditional employment relationships. Although alternative methods of affiliation can be beneficial, they can also pose risks for groups that would otherwise benefit from labour rights and social protection afforded to employees.

Today, the Supreme Court ruled on the so-called ACER case, where the central question was whether the Constitution was violated when the Norwegian Parliament, in 2018, consented by a simple majority to include the EU’s third energy market package in the EEA Agreement. The conclusion of the Supreme Court is that the transfer of authority that took place was of little interference, and therefore, the Parliament did not violate the Constitution’s rules.

AP, SP, and SV have agreed to investigate differentiated valuation of unlisted shares in wealth tax based on the characteristics of each individual share. What will this mean for the valuation of shares in different share classes?

Partner Christopher Hansteen, Senior Associate Johannes Teigland, and Associate Maria Mirijanyan assisted the Union of Education Norway in its complaint to the Committee on Freedom of Association (CFA) at the International Labour Organization (ILO) for violations of ILO conventions concerning the protection of freedom of association, conventions to which Norway is bound.

On October 12, 2023, the government appointed Electricity Price Committee presented their report. The expert committee’s mandate was to investigate and discuss models that could con-tribute to more stable, predictable, and competitive electricity prices.

The Financial Supervisory Authority of Norway (Finanstilsynet) has imposed a violation penalty of NOK 2 million on the British management company, Cazadores Investments Limited for breaching the prohibition against uncovered short sales. This is in addition to the confiscation of profits for violations of the prohibition on uncovered short selling with regards to selling shares in connection with the new issuance of Flyr shares last year.