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Articles contributed by Torkildsen, Tennøe & Co
By Harald Christensen, partner in Torkildsen Tennøe & Co, Oslo, Norway
This year we have seen significant improvements and simplification
s in Norwegian tax law and company law, of particular importance to small and medium-sized enterprises. Together, they provide possibilities of change, flexibility and lower costs. They make Norwegian companies more competitive compared to affiliates of foreign companies, which have in many ways become discredited.
Introduction: In recent years we have experienced an increase of foreign contractors wishing to establish themselves in Norway. In many ways Norwegian construction law is similar to that of other European countries and it is surely possible for foreign contractors to operate here. However, foreign contractors often experience that the Norwegian construction contracts are far less detailed than in most other European countries. As a result, foreign contractors find the need to familiarise themselves with relevant Norwegian background rules of law.
In today's insecure market with less capital, irational banks and lengthy periods of negotiations, there are many legal challenges related to acquisitions in general and particuraly of real sette companies. Read the whole article with lawyer Mr Børge S. Nygårdshaug in the enclosed article (in Norwegian) Unquote