Introducing the latest edition of BAHR Dispute Resolution Insight!

Arbitration remains a focal point for BAHR’s dispute resolution group. This fall, we’ve dedicated our newest edition of Dispute Resolution Insight to key arbitration topics on this fall’s agenda.

Arbitration offers parties considerable flexibility in terms of process and timeline, but it also calls for strategic decision-making during the drafting and execution of an arbitration agreement.

Our first article delves into the crucial task of choosing the right arbitral seat for your needs when crafting an arbitration agreement, highlighting how differing approaches across states should be considered.

Ad-hoc arbitration has traditionally been the preferred form of arbitration by many Norwegian companies. However, as Norwegian trade becomes increasingly global, could this preference shift? Our second article explores recent trends in Norway’s approach to institutional arbitration.

What factors should you bear in mind when drafting or entering into an arbitration agreement? Our third article sheds light on some common yet perhaps overlooked pitfalls that parties may encounter when negotiating arbitration clauses in their contracts. It also offers some input to minimize potential issues and inconveniences when resolving disputes through arbitration.

Stay informed and ahead of the curve with BAHR’s Dispute Resolution Insight.

The Chambers Banking & Finance 2023 Global Practice Guide has now been published.

BAHR partners Ida Marie Windrup, Audun Nedrelid, Magnus Tønseth and Markus Nilssen have written the Norway chapter of the 2023 edition of Chambers Banking & Finance Global Practice Guide.

The guide provides the latest legal information on the loan market in Norway, including the impact of the Ukraine war and ESG lending, loan structuring and documentation, restrictions on foreign lenders, tax issues, guarantees and security, enforcement, bankruptcy and insolvency, and project finance.

A new BAHR Dispute Resolution Insight is out.

In this issue we discuss:

• Trends in Directors’ Liability Lawsuits Before the Norwegian Courts
• Directors’ and Senior Executives’ Liability for Cyber Breaches
• Tax Litigation in Norway

In our first two articles, we discuss the ever-relevant topic of directors’ liability. BAHR has conducted a complete analysis of the entire body of published judgements on directors’ liability since the two Norwegian Companies Acts were enforced in 1999. How likely is it that a directors’ liability lawsuit will succeed? Who are the claimants? Based on a source material of more than 330 cases, our study provides interesting answers to these questions and more. We are pleased to share our findings as well as our recommendations for how the exposure can be mitigated, with you in our first article.

In the second article, we look at the topic from a digital perspective, as we have investigated the current status on directors’ and senior executives’ liability for cyber breaches.

Our third article concerns tax disputes. Nobody likes facing the government in court, but sometimes it is a necessary evil as the government is not always right. In the article we explain the nature of a tax dispute and some important elements to consider from the taxpayer’s perspective.

We hope this issue provides an interesting read!

The International Comparative Legal Guide – Fintech 2023 has now been published. 

BAHR partner Markus Nilssen and Eirik Basmo Ellingsen, Managing Associate and Sam Kronenberg, U.S. Lawyer, have written the Norway chapter of the 2023 edition of Fintech.

The chapter covers a broad overview of common issues in fintech laws and regulations.

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The International Comparative Legal Guides are published by

• A-Å om skatt for private equity

Heftet omhandler skattemessige forhold som gjør seg gjeldende for aktører innenfor privat equity-bransjen, det være seg på investornivå, forvalternivå, fondsnivå og porteføljenivå. Fremstillingen i heftet følger livsløpet til et private equity-fond, delt inn i fasene (i) etablering, (ii) investering, (iii) eiertid, og (i) exit. Selv om vi i heftet tar utgangspunkt i norsk rett og norske aktører, omhandler fremstillingen også mange grenseoverskridende problemstillinger.

• ESG og bærekraft for kapitalforvaltere og investeringsrådgivere  

Heftet gir en overordnet innføring i ESG og bærekraft for kapitalforvaltere og investeringsrådgivere fra et rettslig og strategisk ståsted. Heftet tar for seg en rekke praktiske problemstillinger relatert til blant annet fondsetableringer, fundraising, investeringer og rådgivning, inkludert regler om “fondskateogorier”, risiko for grønnvasking og hva som egentlig er en bærekraftig investering.   

• EuVECA og ELTIF – regulerte fond for unoterte investeringer

Norge er fond for unoterte investeringer generelt uregulert – med unntak av de EU-initierte fondstypene EuVECA, EuSEF og ELTIF. Dette er «valgfrie» regelverk og gir enkelte særlige fortrinn. EuVECA – et regelverk utarbeidet for venture-fond – kan relativt enkelt og rimelig markedsføres i EØS både til profesjonelle og ikke-profesjonelle investorer, og kan enklere yte lån til porteføljeselskaper. ELTIF – et regelverk som kan være egnet for større private equity-fond, infrastruktur- og eiendomsfond – gir mulighet for å yte lån direkte til porteføljeselskaper, og kan på enkelte ytterligere vilkår markedsføres til ikke-profesjonelle investorer. Investeringer i både EuVECA og ELTIF-fond kan være attraktivt for investorer som er livsforsikringsselskaper og pensjonskasser.  I heftet gir vi en oversikt over regelverkene for EuVECA og ELTIF-fond, mulighetene og hvilke krav som må være oppfylt.

• Family Office

Når en families formuesverdier organiseres for felles forvaltning omtaler man gjerne dette som et «Family Office». I heftet redegjør vi for noen utvalgte spørsmål vi mener det er viktig å stille seg når et Family Office vurderer hvordan forvaltningen av egne verdier skal struktureres og organiseres.

Formålet med heftet er å bidra med inspirasjon slik at familien rent faktisk foretar de nødvendige vurderinger – det er ikke nødvendigvis noe fasitsvar på spørsmålene da dette vil kunne variere for den enkelte.

• Verdipapirfond – skatt for fond og andelseiere

Heftet omhandler de norske skattereglene for beskatning av verdipapirfond og fondets andelseiere. Heftet tar for seg beskatning på fondsnivå og på andelseiernivå for investering i norske og utenlandske verdipapirfond. Heftet gir også en overordnet fremstilling av forholdet til tilgrensede regler for aksjesparekonto og fondskonto.

Ønsker du å motta faghefte(r) i trykket eller digital versjon, vennligst kontakt Karoline T. Olufsen på e-post kaolu@bahr.no

“The Banking Regulation Review is an annual survey of the most important developments in banking regulation in the most significant jurisdictions worldwide. It provides high-level insight across the gamut of the legal and regulatory requirements applicable to banks, including prudential regulation, rules governing the conduct of business, funding, control and transfers of banking business and much more.”

Source: https://thelawreviews.co.uk/

Peter Hammerich, partner at BAHR and head of the firm´s Asset Management & Private Equity group, and Markus Heistad, Specialist Partner, have contributed to the 12th edition of The Private Equity Review by writing two chapters;

• Fundraising Norway 
• Investing Norway

The review is published by Law Business Research Ltd.It contains contributions from leading private equity practitioners in 22 different countries, with observations and advice on private equity dealmaking and fundraising in their respective jurisdictions.

Click the below links to download the chapters.

The year 2022 was another eventful year in the Norwegian public M&A market. BAHR continues to advise on a number of public M&A transactions, giving us deep insight into market terms and prevailing trends for public takeovers.

In this year’s edition of our annual Norwegian Public Takeover Deal Study we have examined the latest developments on key terms of voluntary and mandatory offers on the Oslo Stock Exchange. A significant new feature for this year are the first takeover offers on Euronext Growth Oslo, which we have included in separate figures in the study. Although the total transaction volume on the growth market at this time is limited and comparative figures to previous years not yet available, some interesting observations may already be made while comparing to the regulated markets.

We share the latest developments on key terms and market trends in the Norwegian private M&A market. The survey is based on more than 170 sale and purchase agreements (SPAs) signed in recent years by a party represented by BAHR.

We hope you find  the M&A survey informative. As always, we would be delighted to present more insight and statistics if you want to dig deeper into the details.

Watch a summary of the survey here (in Norwegian):

A new BAHR Dispute Resolution Insight is out. In this issue we discuss:

• Third Party Dispute Funding
• Governing law of arbitration agreements

We hope this issue provides an interesting read!