Welcome to Conyers' 2019 Norway Practice Bulletin. Our
annual publication underscores the importance of the Norwegian
market to our Bermuda corporate practice. This year we are also
pleased to highlight some Norway-related transactions carried out
by our offices in the British Virgin Islands and the Cayman
Islands.
2018 was another challenging year for sourcing equity or new
finance in the shipping and offshore sector. Private placements of
shares, such as the Odjfell Drilling deal, continued to be the most
viable option for raising capital.
The introduction of economic substance legislation in most of
the offshore world has been a hot topic over the past few months.
In this bulletin, we examine whether entities affected by
Norway's tighter tax residency rules may find that
Bermuda's new substance regime actually offers some
benefits.
