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ARTICLE · 29 NOVEMBER 2023

Complying With The Norwegian Transparency Act In Year 2 – An Update For U.S.-Based Multinationals

Ropes & Gray LLP
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Ropes & Gray and Thommessen published a joint client alert on the Norwegian Transparency Act shortly after its adoption. The first due diligence statements under the Act were required to be published by June 30, 2023.

GlobalGovernment, Public Sector
Michael Littenberg
Michael Littenberg
Samantha Elliott
Samantha Elliott
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Ropes & Gray and Thommessen published a joint client alert on the Norwegian Transparency Act shortly after its adoption. The first due diligence statements under the Act were required to be published by June 30, 2023.

Enterprises are now in their second compliance period, with many continuing to enhance their due diligence processes and starting to think about the content of their 2024 statements. In addition, stakeholder and regulatory scrutiny of the first year of statements has begun.

In this joint Q&A post prepared with Thommessen Specialist Counsel Håkon Stalheim Meldahl and Associates Lovise Dahl and Susan Bahia Jensen, we provide an overview of the requirements of the Act for U.S.-based multinationals. The post takes into account guidance published by the Norwegian Consumer Authority after our earlier client alert.

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