Clarification by the Supreme Court: Repurchase Right Excluded from the Divorce Settlement Division Basis
The main rule in separation and divorce is that the spouses’ fortunes, which are joint property, should be divided equally. In a recent decision from the Supreme Court, it was clarified how a repurchase right for shares should be treated in a divorce settlement.
Law Firm and Insurance Company Acquitted in Liability Case
In a judgment issued on April 15, 2024, the Borgarting Court of Appeal addressed whether a law firm and the firm’s insurance company were liable for damages to a former client. The former client had received assistance in connection with two disputes that arose after purchasing an apartment in 2016. Both the law firm and the insurance company were acquitted and awarded legal costs with assistance from Hjort.
Court Ruling on Board Members’ Liability for Adjudicated Legal Costs
At the end of February 2024, the Borgarting Court of Appeal delivered a verdict on whether board members have personal liability for legal costs a company has been ordered to pay when the compa-ny later goes bankrupt. In this case, the Court of Appeal concluded that the board members could not be held liable. Hjort assisted the board members in this dispute against Berlevåg municipality.
Successful Outcome in Borgarting Court of Appeal in Case on Board Liability Under the Companies Act § 17-1
In a judgment from Borgarting Court of Appeal on January 23, 2024, Hjort’s client was granted com-pensation under the Companies Act § 17-1. According to the provision, among others, the CEO, board members, or shareholders can be held personally liable for damage caused intentionally or negligently.
Full victory in Søndre Østfold District Court for Hjort’s client
Following the Supreme Court’s decision in November 2023 that ByWe had lost the right to claim dismissal due to agreed arbitration, the main hearing in IdHair Company A/S’s lawsuit against ByWe took place in January 2024. Søndre Østfold District Court has, in its judgment of January 25, 2024, ruled in favor of IdHair, and ByWe is ordered to pay compensation and legal costs totaling 12 million Norwegian kroner.