SANDS nominated for prestigious award as Nordic Law Firm of the Year
Wednesday, January 17, 2018
We were proud when it was announced that SANDS is on the shortlist for the prestigious award "Law Firm of the Year: The Nordics 2018" from UK’s leading legal publisher and website for the profession, The Lawyer. The winner will be selected in March by an international jury comprised of 21 leaders in the profession, including heads of major, international law firms and General Counsel in global companies.
EFTA Surveillance Authority (ESA) approved a new ten year special tonnage tax regime for shipping in Norway 14 December 2017
Thursday, December 14, 2017
The Norwegian tonnage tax scheme exempts maritime transport from the usual corporate tax rate. Ship owners will instead pay taxes based on ship weight, resulting in a significant reduced tax rate. The new scheme will be valid from 1 January 2018 until 31 December 2027.
Bareboat registration in and out of the Norwegian ship registries
Tuesday, December 5, 2017
In a consultation paper dated 5 December 2017 the Norwegian Government is proposing to open up for the bareboat registration of vessels in and out of the two Norwegian ship registries. The proposal is particularly driven by the increasing need for Norwegian flagged vessels to change flag in order to meet cabotage rules of other states, or to temporarily satisfy flag requirements under a charter party.
Did you know that SANDS has 13 lawyers admitted to the Supreme Court of Norway?
Friday, November 3, 2017
We currently have a team of 13 lawyers admitted to the Supreme Court of Norway. This makes us one of the leading law firms in Norway in civil law. During the past few years our lawyers have appeared frequently in the Supreme Court of Norway in key cases that are instrumental in the development of Norwegian law and legal practice.
SANDS and Ardoq enter partnership
Friday, November 10, 2017
SANDS has entered into a partnership with Ardoq. SANDS will use Ardoq as a platform to advise clients in building effective GDPR compliance programs.
What Is Your Agent Story?
Thursday, September 28, 2017
The use of agents is normal practice in a range of industries, and very often crucial in order to succeed as a company, for example when entering into new markets or areas /regions. However, as most companies are aware of, engaging agents can also expose companies to risks and potential consequences. Examples might include entering into contracts or obtaining licenses in a way which later harms your company´s reputation, leads to loss of key employees, damages your business or puts your company under criminal investigation.
In view of the above, it is worth asking the relevant questions: Are you on top of your ‘agent risk’? How should you deal with this issue to best protect your business?
FJORD1 LISTED ON OSLO STOCK EXCHANGE
Tuesday, August 15, 2017
FJORD1 is as of 15 August 2017 listed on the main list of Oslo Børs (Oslo stock exchange). SANDS has assisted FJORD1 in the entire listing process, which included admission to trading on Merkur Market from 24 May 2017, and subsequently the listing on Oslo Børs.
The EFTA Court’s judgment of 20th July 2017 in Case E-11/16 Mobil Betriebskrankenkasse v Tryg Forsikring means a change of practice for Norwegian insurance companies
Tuesday, August 22, 2017
Whilst on holiday in Norway in 2011, a German tourist was injured following a car accident with a Norwegian national. Mr Wille received emergency treatment at a Norwegian hospital before being transferred, at his request, to a German facility for further treatment. In addition to the injuries directly related to the accident, he developed a number of ailments that would not be regarded as recoverable under Norwegian insurance law.
SANDS assists Key Management in ABAX – acquisition by INVESTCORP
Wednesday, June 7, 2017
As announced on 6 June 2017 the Key Management has sold its shares in ABAX to INVESTCORP.
SANDS ASSISTED THE ORCHARD WITH ACQUISITION OF PHONOFILE AS
Wednesday, May 10, 2017
New brand name and new graphic design
Tuesday, March 28, 2017
Steenstrup Stordrange is in a new phase; a phase characterized by ambitions, new ideas, energy, action and enthusiasm. We will now be more than 200 partners and employees and we will continue our growth in 2017. With a very strong team we will secure our position at the top level of law firms in Norway.
The EFTA Court to consider jurisdictional issue in relation to cross-border recourse claims between insurance companies
Thursday, March 16, 2017
On 31 August 2016 the Oslo District Court made a request for an Advisory Opinion in a case pending before it between Mobil Betriebskrankenkasse and Tryg Forsikring. The outcome of the case will be decisive for the type and scope of recourse claims the Norwegian insurance industry can be faced with from foreign social institutions and insurance companies in the future. The EFTA Court’s opinion is expected to be available next month.
We strengthen our shipping and offshore team
Monday, February 20, 2017
The Norwegian national financial newspaper, Finansavisen, devoted a 2-page spread today to an article about Steenstrup Stordrange’s focus and achievement in further strengthening its Shipping and Offshore practice at a time when the industry in Norway is experiencing major financial and structural challenges, in particular the sectors affected by the dramatic fall in oil prices. We are proud to welcome three new partners, the latest in a series of successful lateral hires to the firm during the past two years. The newcomers are Oddbjørn Slinning, Marit Kirkhusmo and Robert Jensen.
We are pleased by the Recognition in financial newspaper Finansavisen’s annual attorney ranking
Thursday, February 16, 2017
Last week Finansavisen published its annual attorney ranking. We are proud and pleased that our hard work, focus and investment in intellectual capital are reflected in the market's perception of us. In this year's ranking we have again climbed up in several categories.
Sverre S. Tysland new partner at Steenstrup Stordrange
Thursday, January 5, 2017
It is with great pleasure and pride we can announce that Sverre S. Tysland has joined us as a partner of Steenstrup Stordrange.
The Norwegian Competition Authority opens its first abuse case since 2007
Thursday, December 15, 2016
On 23 November 2016 the Norwegian Competition Authority (the “NCA”) issued a statement of objections against Telenor, one of the largest mobile network providers in Norway. The NCA proposes issuing an infringement decision pursuant to section 11 of the Norwegian Competition Act, (equivalent to Article 102 TFEU) for the abuse of dominant position in two markets for mobile network services to Norwegian consumers. The NCA has proposed a fine of NOK 906 million.
Proposed changes to the taxation of unit linked capital insurance - but the product’s fundamental attractiveness remains intact
Tuesday, November 22, 2016
On 27 October 2016 the Norwegian Ministry of Finance issued a hearing note in which it proposes changes to the tax rules for “fund accounts”. “Fund accounts” are used in the hearing note as a collective term for unit linked capital insurance, which are marketed under different names in the Norwegian market. Common to most fund accounts is that the insurance element is limited, usually 1% of the fund account’s total savings value upon the insured’s death.
The PRIIPs Regulation facing a one year delay
Monday, November 14, 2016
The European Commission announced 9 November 2016 that it suggests extending the application date of the PRIIPs Regulation by one year, i.e. until 31 December 2017.