Earlier today, the Norwegian Ministry of Foreign Affairs (the "MFA") published an updated guidance on asset freeze measures.

The current economic climate has led to a substantial rise in claims against solicitors, including circumstances where solicitors are dragged into proceedings between commercial parties when one fails to honour an agreement.

On 1 July, the requirements for citizenship for board members and the CEO set forth in the Norwegian company legislation were removed. Now, only a residency (domicile) requirement applies.

On June 1, 2023, certain amendments are being made to the Market Abuse Regulation ("MAR") as implemented in Norway. The amendments are caused by the enactment of the EU SME Growth Market Regulation (2019/2115).

The European Commission has adopted a white paper suggesting more competition is needed in the maritime sector. The white paper is the second step in an EU review which should culminate with concrete legislative proposals in 2005. Any proposal must then be decided upon by the EU member states.

With the draft Act on Offshore Renewable Energy Production, submitted to the Norwegian Parliament (Stortinget) in June 2009, the Government takes an important first step in facilitating offshore renewable energy production

On May 13 2005 the Ministry of Finance presented proposals to amend the tonnage tax regime. The proposals, which have just been adopted by Parliament, are based on the revised State Aid Guidelines on maritime transport adopted by the European Free Trade Association Surveillance Authority on March 31 2004.

Shipping loans, including export credit financing and leasing, have been the traditional source of finance in shipping.

Norway has great natural potential for windpower, although there are some particular technical difficulties. In this article, we outline the current regime and new opportunities provided by recent developments.

To meet the demand for the transportation and handling of live fish, fish farmers can either charter well-boats or enter into general contracts for carriage of goods.

In recent weeks, the EU has established a new sanctions framework in response to the situation in Moldova, and the US has expanded the scope of its Sudan sanctions regime.

The European Union recently introduced new legislation promoting the use of renewable energy, covering both the industrial and transportation sectors.

Offshore wind power is a promising renewable energy source that can help the world achieve its carbon neutrality goals and China is one of the world's largest offshore wind markets.

Recent amendments to the Public Procurement Act, which came into effect 16 June 2023, represent an important first step...

The decision has been received positively by many, including the Norwegian Data Protection Authority for making it easy for businesses...

In the first arbitration award known to have been rendered under the new procedural rules of the Nordic Offshore and Maritime Arbitration Association (NOMA)...

The successful development of wind farms is not only dependent on efficient technology and available wind resources. In the current market price scenario for electricity, and as discussed under separate heading in this Update, the availability of sufficient subsidies will be a key parameter.

The long-awaited 11th package of sanctions against Russia over its invasion of Ukraine was announced earlier today, after EU ambassadors reached a consensus earlier this week.

In addition to complying with private contracts with fish farmers and general shipping regulations, well boat operators have to comply with certain aquacultural rules.

On 24 January 2017 the Supreme Court delivered its much anticipated judgment on whether the Government of the United Kingdom can trigger the Brexit process without Parliamentary approval.