News

We are proud to welcome Gro Amdal as a new partner at our office in Stavanger. She is one of Norway's foremost specialists in procurement law, and with more than 25 years of experience in this field of law, she will contribute to further strengthening our procurement and competition law department.

Arcasa Arkitekter has 70 employees and had a turnover of NOK 125 million in 2021. With this acquisition, Sweco's architecture division will become the country's third largest architectural office with 180 employees under the brand name Sweco Architects.

The renowned legal rating agency Legal 500 has published the results from its 2022 edition. We consolidate our position as one of Norway’s leading law firms and are rated in 18 of 20 practice areas. We obtain Tier 1 and Tier 2 ratings within 13 practice areas. 47 of our lawyers have been recognized within their respective areas of expertise.

The Government announced on a press conference 31 August 2021 that they would propose amendments to the petroleum tax act. The Ministry of Finance then 3 September 2021 issued a public consultation paper where it is proposed that the rules on depreciation and tax-free income in the special tax for petroleum from 2022 should be replaced by immediate expense recognition of investments (cash flow tax – direct tax deduction). The Ministry of Finance emphasized that the proposed amendment is similar to amendment that entered into force for hydroelectric power with effect for investments made from 2021.

The Norwegian government has decided to instruct the regulatory authority NVE to pick up again the handling of new license applications for onshore wind farms. Licensing for new onshore wind farms has been on hold for approximately three years, in the wake of widespread local opposition to new wind projects.

Waterlogic is a leading global designer, manufacturer, distributor and service provider of purified drinking water dispensers. With the acquisition of The Pure Water Company, Waterlogics will expand their reach and foothold in the Nordic Market.

We are proud that we, together with Herbert Smith Freehills LLP, have assisted the Japanese trading house Mitsui in its agreement to invest EUR 575 million, for a 27.5% stake in Aker Mainstream Renewable AS. The company is controlled by Aker Horizons with 54.4%.

We are proud to be ranked as a top ranked firm in Norway on the newly published rating of Chambers Europe. 23 of our lawyers are ranked as “Leaders in their field”. Chambers is one of the most recognized global rating agencies of law firms and lawyers. The results are based on interviews with clients and partners, in addition to extensive in-depth research conducted by Chambers' researchers.

Unitech Power Systems is a leading electrical power systems consultant. With Aker Solutions as a strong and long-term owner, they are looking for further growth and development, particularly within the renewable energy sector.

Animal research and nutrition specialist Nutreco and the Norwegian seafood group Holmøy are taking part in a private placement in Andfjord Salmon. In addition, Andfjord Salmon has entered into an operational feed supply agreement with Nutreco’s aquaculture business line, Skretting. We are proud to assist Nutreco as legal advisors in this process.

On Wednesday 9 February, four Norwegian ministers presented the government’s plans for the next steps in the development of offshore wind on the NCS. Prime Minister Jonas Gahr Støre (Labour) lead the presentation, held in Oslo Harbour. A public consultation letter was published later the same day.

We are proud to assist Nordlaks with another exciting and complex innovation project. Hydra is a semi-closed production tank for aquaculture. The technology was invented and designed in Norway, and will be built in Turkey by the Gemak shipyard group from the summer until delivery in the first quarter of 2024.

OMV, an international integrated oil, gas and chemicals company headquartered in Vienna, Austria, sold its 25 percent stake in the Wisting oil field to Lundin Energy in a transaction that successfully closed before Christmas on 17 December 2021 (see below link to OMV’s press release). We are proud to have acted as OMV’s legal advisor on this transaction.