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Arntzen de Besche

Work +47 23 89 40 00
Fax +47 23 89 40 01
Oslo, Stavanger, Trondheim

Sven Iver Steen

Work +47 23 89 40 00
Arntzen de Besche

Work Department

Employment and pension law group


Managing Partner. Sven Iver Steen is admitted to the Supreme Court of Norway and has extensive experience as a legal advisor for companies, non-profit organisations and the public sector. He has been instructed in significant projects within the Finance, Pension and Insurance sector. He also holds directorships and other board positions in the Norwegian business industry. He has been the CEO in The Joint Scheme for contractual pension (Fellesordningen for AFP), The severance pay agreement (Sluttvederlagsordningen) and the joint office for The Norwegian Confederation of Trade Unions (LO)/The Confederation of Norwegian Enterprise (NHO). As CEO in The Joint Scheme for contractual pension (Fellesordningen for AFP) he adjusted the system of the Pension Reform and completed a restructuring of the organization. Mr. Steen has for decades worked for the Banking Law Commission (Banklovkommisjonen). He has been secretary of the governmental investigation commission of Kongsberg Defence & Aerospace (Kongsberg Våpenfabrikk) and has been engaged as an advisor in the rescue of a listed banking group and has been appointed by the Court to direct investigation of a former public limited company. He acts as judge in arbitrations. He participated in the development of a report concerning a national pension rights register which resulted in Norwegian Pension (Norsk Pensjon AS). He has been the leader of the Norwegian Bar Association's Committee for banking, financing and currency, as well as the leader of the Norwegian Bar Association's Committee regarding money laundering.


2001- Partner, Arntzen de Besche; 2009-2012, CEO, Contractual Pension Scheme/Severance Pay Scheme; 1989-2000, Partner, Arntzen, Underland & Co; 1984-89, Lawyer, Arntzen, Underland & Co; 1988, Deputy Judge, T√łnsberg district court; 1987, Trainee, Linklaters, London; 1981-82, Research assistant, University of Oslo, Institute of Private Law


English and the Scandinavian languages


Directorships in a number of Norwegian companies, including leader of all six control committees of the Gjensidige Insurance Group, Chairman of Carnegie Pension Insurance (Carnegie Pensjonsforsikring AS), board member of Carnegie Capital Management (Carnegie Kapitalforvaltning) and Carnegie Asset Management AS, and board member of Eikmaskin AS.


1987, Studies at Kings College London. 1978-84, Qualifying law degree from the University of Oslo


Banking and finance (including shipping finance)

Within: Banking and finance (including shipping finance)

Arntzen de Besche's 'extremely responsive and commercially focused'¬†practice excels in the cross-border financing space alongside notable strength in E&P financing mandates in the oil and gas sector, aviation financings and shipping and offshore finance work. The team¬†recently advised Danske Bank as facility agent on a $1.5bn credit facility to Aker BP, and assisted Pandion Energy with a high-yield bond issuance for the financing of its acquisition of interests in two oil fields. The 'highly professional, approachable and pragmatic'¬†Paul Sveinsson¬†is a key name for aircraft financing issues,¬†Trond Kildal¬†handles debt financings and¬†Sven Iver Steen¬†focuses on regulatory mandates; Kildal recently acted for Palmarium Group on the financing of its acquisition on Lebara Group.¬†Vidar L√łhre¬†joined from¬†Wikborg Rein¬†in 2019.¬†Atle Gabrielsen¬†is now with¬†Wiersholm.

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Within: Employment

With 'impressive, first-class, professional competencies', Arntzen de Besche is 'in a class of its own'  and has 'deep insight into the legal issues at hand and an in-depth knowledge of its clients' industries' alongside an ability to provide 'access to every resource at short notice'. Key sector expertise for the group encompasses the aviation, energy, public, media and construction sectors. Recent highlights include advising Scandinavian Airlines Systems on multiple issues including union negotiations, assisting TV2 with the employment aspects of its restructuring and downsizing, and acting for DCC Energy on its acquisition of Esso Norge's retail petrol station network. Håvard Sandnes leads the team, Tron Dalheim is 'undoubtedly one of the absolute best lawyers in the field', Knut-Marius Sture 'solves problems quickly', Lars Holo handles contentious work and Sven Iver Steen focuses on pensions law. Frode Martin Toftevåg joined from Advokatfirmaet Thommessen AS in 2019.

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Within: Insurance

Arntzen de Besche¬†'combines knowledge of insurance products, the law and its clients' to assist with a wide range of issues encompassing professional liability work, directors and officers (D&O) issues, natural disaster incidents and matters in the oil and energy, offshore, shipping, aviation and pension sectors. Group leader¬†Sven Iver Steen¬†represented Overf√łringsavtalens Sikringsordning in a recourse claim against Oslo municipality following Oslo Vei's bankruptcy and¬†K√•re I Moljord¬†is acting for the bankruptcy estate of Marine Subsea in a D&O liability claim against the former board members, two former CEOs and the insurance company.

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