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Brækhus Advokatfirma DA

ROALD AMUNDSENS GATE 6, PO BOX 1369 VIKA, 0161 OSLO, NORWAY

Tel:: Work +47 23 23 90 90
Fax:: Fax +47 22 83 60 60

Email:

Web:: www.braekhus.no

Oslo, Sandvika-Bærum

Antonio Holstad

Tel:: Work +47 982 06 169
Email:

Web:: www.braekhus.no

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Work Department

Tax, Corporate immigration.

Position

Antonio Holstad is currently head of our Tax Department.

Holstad is a tax lawyer specialized in international taxation and tax treaties. He has more than 25 years of experience.

Holstad has prevously worked 6 years within the Norwegian Tax Administration and 8 years in Ernst & Young before joining Brækhus Dege. Main areas have been and still is international tax and global mobility. Holstad also works with cross border labour law issues, legal planning regarding estate and inheritance law, and use of foreign employees in Norway. He has worked with various major multinational companies.

Holstad is our international liaison officer in Crowe Horwath International where core areas are tax, and legal advice

He speaks fluent Norwegian, Spanish and English.

Career

2011 - Partner Brækhus law firm

2007 – 2011 Private practice as lawyer

1999 – 2007 EY Oslo, tax lawyer

1995 – 1999 Tax Office Bærum, senior Executive Officer

1991 – 1995 Norwegian Agency for Development Aid

1988 – 1990 Norwegian Directorate of Taxes

1978 Norwegian Army, Second Lieutenant

Languages

Norwegian, Spanish and English

Norway

Tax

Within: Tax

Brækhus Advokatfirma DA's team of 'highly competent professionals' has 'a hands-on and practical approach' with Antonio Holstad leading the tax group and Nils Eriksen heading the indirect tax team; clients praise Eriksen as 'an extremely competent and humble individual who is pragmatic, straight to the point and technically skilled'. John Spissøy is also recommended for corporate tax work. Nasdaq, Total E&P Norge, Meridian, Ubisoft and OX2 are clients.

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Brækhus Advokatfirma DA

INVESTMENTS IN NORWEGIAN REAL ESTATE

The Norwegian real estate market is recovering from the financial crisis. The number of transactions is growing, and the construction activities are increasing. The financial crisis did not hit Norway as hard as other European countries, and the political and legal stability in the country could attract foreign investors in the years to come. In this brief article, we give an outline of some selected legal and tax issues regarding investments in Norwegian real estate with the emphasis on business property.

- Brækhus Dege Advokatfirma ANS

Legal Developments in Norway

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

Norway not included when short sale regulations in EU take effect 1 November 2012

From 1 November 2012 EU Regulation 236/2012 on short selling and certain aspects of credit default swaps will come into effect. Although the Regulation is within the scope of the EEA Agreement, Norway has not implemented the EU Regulation. Based on unofficial information from the Norwegian authorities, we expect the implementation process to be delayed until at least late 2013. Meanwhile, existing rules on short sale in Norway will continue to apply for transactions performed on the Norwegian market.

- Kluge Advokatfirma DA
Proposed ban on personal import of medicinal products ordered via Internet

The Ministry of Health and Care has recently issued a hearing letter proposing stringent restrictions on import of medicinal products for personal use. Among the actions proposed, is a general ban on the import of prescription drugs, and access for Customs to seize and destroy falsified or illegal medicinal products.

- Advokatfirmaet Grette DA
Increased transparency for applications for marketing authorisation

On 17th July 2012, the Norwegian Medicines Agency (NMA) announced a change in their practice regarding disclosure of information for applications of marketing authorisations for medicinal products.

- Advokatfirmaet Grette DA
New Patent Office Act to enter into effect on 1st January 2013

A new Act on the Patent Office and Industrial Property Rights Appeals Commission (the Patent Office Act) will be enacted and come into effect on 1st January 2013. The current Act on the Industrial Property Protection Board was enacted in 1910, and time for a complete reform had come.

- Advokatfirmaet Grette DA
Sunset clause for medicinal products in Norway

"Sunset clause" is a common term for the provision which could lead to the cessation of the validity of the marketing authorisation of a medicinal product.

- Advokatfirmaet Grette DA
New review on pension schemes

Questions on pensions have long had a large political focus in Norway, in connection with pension reforms such as obligatory occupational pension and changes in the National Insurance Scheme.

- Advokatfirmaet Grette DA
New provisions on competition clauses

In 2011 it was expected that new provisions for competition clauses, customer clauses and non-recruitment clauses would come into force. As early as June 2010, the Department of Employment sent a proposal on new provisions in the Working Environment Act for comments.

- Advokatfirmaet Grette DA
Norway implements the EU block exemption regulation for R&D agreements

Earlier this year, EU Commission Regulation No 1217/2010 was implemented in Norwegian law.

- Advokatfirmaet Grette DA
Hearing: Reimbursement of off-label use of medicinal products

In accordance with the provisions of the Act on Medicines and the appurtenant Regulation on Medicinal Products, pre-approved reimbursement for use of a medicinal product outside the approved indications of the marketing authorization is not allowed.

- Advokatfirmaet Grette DA
New review on pension schemes

Questions on pensions have long had a large political focus in Norway, in connection with pension reforms such as obligatory occupational pension and changes in the National Insurance Scheme.

- Advokatfirmaet Grette DA

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