The Legal 500

Norway

Norway > Banking and finance (including shipping finance)

Editorial

Index of tables

  1. Banking and finance (including shipping finance)
  2. Leading individuals

Leading individuals

  1. 1

Headed by the ‘vastly experienced’ Richard Sjøqvist, Advokatfirmaet BA-HR DA’s ten-partner team represents lenders and borrowers across the spectrum of big-ticket financings in many different industry sectors. The team is aided by regulatory specialist Peter Hammerich, and is a natural choice to advise on deals being negotiated in a period of significant market uncertainty. Sjøqvist and Anders Gullåsen represented a syndicate of banks on a $1.4bn ship financing for Hoegh Autoliners. Rolf Johan Ringdal, Anders Gullåsen and Terje Sommer are also recommended.

Led by Jon Kristian Sjåtil, Advokatfirmaet Schjødt AS advises banks, corporates and private equity firms in the shipping and offshore markets. The ‘experienced and empathetic’ Jo Stokke and Viggo Bang-Hansen have been leading on financing matters for Cermaq following the firm’s appointment as its main legal supplier; recent work includes advising it on the $1.1bn sale of EWOS. On the bank side, as well as continuing to represent core clients such as Nordea and Swedbank, the team is picking up an increased flow of work from DNB Bank. Wilhelm Damm and the ‘very knowledgeable’ Anne Gro Sundby are also recommended.

Bolstered by the recent arrival of Per Morten Christiansen from Advokatfirmaet Simonsen Vogt Wiig, Selmer occupies an elevated position in the market as a result of high-profile work for clients including Handelsbanken, Aberdeen Asset Management and JP Morgan. With strong banking ties and notable also for its deeply entrenched relationship with Norsk Tillitsmann, the team has the capability to handle both the bank and bond components of deals. Einar Grette advised Nordea Bank on the financing of Teachers Private Capital’s acquisition of a majority stake in Helly Hansen and the subsequent bond refinancing. Bernt Olav Steinland is ‘excellent in all aspects of banking and financial regulation’.

Although its team was weakened somewhat by the departure of Siri Wennevik and Berit Stokke to Wikborg Rein and The Central Bank of Norway respectively, Thommessen remains a real force in the market and has handled a number of new-money financings and restructurings. Halvor Mansåker and the ‘experienced and hands-on’ Hans Haugstad advised Ferd and Ratos on the NOK6.3bn financing of the acquisition of the Aibel Group.

Co-headed by Kaare Sverdrup and Leif Moltke-Hansen, Wiersholm is valued for its ‘strong technical legal skills and excellent business approach’, and advises banks such as DNB and Deutsche Bank. Erik Ramm recently advised Det norske odjeselskap on a NOK3.5bn revolving credit facility to finance exploration costs.

Wikborg Rein delivers a ‘high-quality service’, advising banks including DNB Bank, Handelsbanken and Nordea Bank. As well as its core strength in the shipping industry, the firm has successfully broadened its finance practice to include transactions in a number of other industry sectors. The ‘excellent’ Alexander Owesen advised Nordea on the NOK500m financing of Telio Holding’s acquisition of NextGen Tel. The ‘pragmatic’ Bernhard Haukali and Johan Rasmussen are also recommended.

Praised for its ‘strong knowledge about the development of international legal standards and issues related to loan agreements’, Arntzen de Besche has an excellent reputation for asset finance and corporate finance transactions. The ‘excellent’ Atle Gabrielsen advised DNB Bank on the $1bn multicurrency revolving credit facility provided to Det norske Oljeselskap. Team head Paul Sveinsson is also recommended.

At Advokatfirmaet Haavind AS, team head Trond Kildal is at the forefront of many of the team’s most significant transactions, and together with Peter Brechan recently advised Alimentation Couche-Tard on the refinancing associated with its recent acquisition of Statoil Fuel & Retail.

Advokatfirmaet Simonsen Vogt Wiig’s ‘commercial and creative’ eight-partner team provides an ‘excellent’ service to lenders and borrowers engaged in shipping, project and real estate finance, as well as handling regulatory matters. Praised for his ‘sound legal judgement’, Thomas Dale advised DNB Bank as agent for the financing parties on a NOK1.5bn term loan facility agreement for the refinancing of Wilson Shipowning’s fleet of 81 dry bulk vessels. The ‘excellent’ Peter Aall Simonsen and Bergen-based Erik Solheim head a ‘strong team’ which acts for clients including Nordea Bank, ING Bank and Herkules Capital.

At Advokatfirmaet Steenstrup Stordrange DA, ‘strong negotiator’ Odd Moe is a regular adviser to Key Equipment Finance on Norwegian law matters. The arrival in February 2013 of Klaus Henrik Wiese-Hansen enhances the team’s financial regulatory expertise.

Brækhus Dege Advokatfirma DA handles working capital, project and acquisition financing. Bredo Stabell regularly advises Bank of America.

Headed by Fredrik Lindblom, DLA Piper’s ten-strong team is particularly accomplished in real estate, project and asset financing, and its capability on the shipping and offshore finance side was recently bolstered by the arrival of Marcus Indrevær and Jon Ansten from Advokatfirmaet Simonsen Vogt Wiig. Clients include Danske Bank, Pareto Bank and BN Bank.

At Advokatfirmaet Grette DA, team head Børge Grøttjord’s ‘experience and level of competence are matched by very few people in the market’, and Karl Rosén is ‘responsive’ on regulatory matters. Highlights included advising Permira on a NOK815m financing agreement to part-fund its acquisition of Pharma Holding.

Kluge Advokatfirma DA has ‘good industry knowledge’ and provides a ‘solid’ service to lenders and borrowers active in the real estate and shipping sectors in particular. Team head Snorre Haukali handles financing work for Marine Harvest.

The ‘creative and solution-oriented’ team at Kvale Advokatfirma DA acts for a growing portfolio of clients including Danske Bank, Handelsbanken and SpareBank1. The ‘responsive’ Stine Snertingdalen is particularly accomplished in restructurings for banks.

Headed by Christian Steen Eriksen, Kyllingstad Kleveland Advokatfirma DA’s three-partner team advises clients including Bank of Nova Scotia, Lloyds TSB and BNP Paribas across a range of new-money financings and restructurings.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Norway

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • VEGAS LEX works on regional airports development strategy

    The VEGAS LEX law firm is working on a strategy to develop international airport hubs based on regional airports in Russia.
  • Commercial Litigation and Arbitration Forum: recognition and enforcement of English court judgments

    Head of VEGAS LEX's Dispute Resolution Practice Kirill Trukhanov spoke at the Legal Week Commercial Litigation and Arbitration Forum in London last week
  • VEGAS LEX drafts local air services financing program

    The VEGAS LEX law firm is working on proposals concerning additional funding sources for regional air service programs in Russia
  • Positive Developments for the Economy of Cyprus

    800x600 It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include: Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";} Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";}
  • VDB Loi assists with first Commercial Tax registration by a non-resident

    VDB Loi, a leading legal and tax advisory firm in Myanmar, was this week able to register an unnamed non-resident foreign company without a branch in Myanmar for Commercial Tax (CT) purposes. According to Myanmar’s tax laws, 5% CT is due on, among other things, all services rendered in the country. This includes services that are performed in Myanmar by foreign or non-resident companies such as engineering, installation, drilling or consulting. Until recently, however, there was confusion about the implementation by foreign companies, many of which were under the impression that the CT did not apply to them, unless they formally opened a branch in the country. That confusion has now been lifted as the Internal Revenue Department (IRD) has issued the first CT registration for a foreign service provider who has no presence or branch in Myanmar.
  • Péter Köves elected Vice President of IBA Bar Issues Commission

    Péter Köves has been elected as the Vice President of the Bar Issues Commission of the International Bar Association ("IBA"), the world's largest association for lawyers, law firms and bars.
  • "POPOV & PARTNERS” WITH A NEW ADDRESS

    We are pleased to inform you that, from 28.10.2014 onward, "Popov & Partners" Law office will be working and admitting clients at a new location. Striving to be closer to the clients, the business and the institutions, we have chosen a site situated at the heart of downtown Sofia, which has excellent transport links and is easily accessible from all parts of the city. The address is: Sveta Nedelya Square N 4, floor 4.We are pleased to inform you that, from 28.10.2014 onward, "Popov & Partners" Law office will be working and admitting clients at a new location. Striving to be closer to the clients, the business and the institutions, we have chosen a site situated at the heart of downtown Sofia, which has excellent transport links and is easily accessible from all parts of the city. The address is: Sveta Nedelya Square N 4, floor 4.
  • Moldova: Amendments to the Legislation on Pledges

    On 25 July 2014, the Parliament of the Republic of Moldova (Moldova) adopted Act No. 173/2014 on amending and supplementing of certain legal acts (Act No. 173). Act No. 173 will enter into force on 8 November 2014 and will inter alia change the Act No. 449/2001 on pledges (Pledges Act). The effected changes will have a direct impact on both guarantees issued before the entrance into force of the Act No. 173 (which will have to be dealt under the new legal provisions) and on obligations to be secured under the new legal frame. Act No. 173 is also meant to introduce a series of novelties into Moldovan legislation.  read more...
  • Avellum Partners’ Tax Practice Recommended by International Tax Review

    Kyiv, 22 October 2014  - Avellum Partners is proud to announce that our Tax Practice has been highly recognized by International Tax Review (" ITR "), a highly reputable international magazine for tax professionals published by Euromoney Plc. In particular, Avellum Partners was ranked within Tier 3 according to the World Tax and World Transfer Pricing 2015 proving its leading reputation in Ukraine.
  • Boult Wade Tennant grows the Trade Mark and Domain Names team with six new professionals