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Corporate law

Brokerage firms prevailed in case concerning internal partnerships

Three brokerage firms had established internal partnerships (indre selskaper) with key employees. An internal partnership is not a separate legal entity, and the business continues to be conducted in the name of the brokerage firm. The key employees are not presented externally as partners in the enterprise, but...
Atle Melø
Atle Melø12. March 2026
Contract lawCorporate law

Chairman acquitted of damages claim

A limited liability company had provided a demand guarantee securing its obligations as employer in a construction contract. The demand guarantee entitled the contractor to payment upon demand, without the employer being able to raise objections arising from the...
Atle Melø
Atle Melø6. August 2025
Property LawCorporate law

Change of share ownership did not trigger a right of first refusal over real property

Two neighbouring commercial properties in the Municipality of Bremanger were subject to a reciprocal right of first refusal. After the company owning one of the properties encountered financial difficulties, the original shareholder...
Atle Melø
Atle Melø6. July 2023
Corporate law

Board members acquitted of damages claim brought by investors

The primary purpose of Spiro Medical AS was to further develop and commercialise a product designed for the diagnosis and treatment of various sleep disorders. In a private share capital increase conducted in 2014, several...
Atle Melø
Atle Melø25. January 2023
Corporate law

Three board members acquitted of directors’ liability by the Supreme Court

The Supreme Court acquitted three board members of liability in a damages claim brought by a corporate creditor, holding that the board members’ negligence had not caused the creditor any financial loss. The Court of Appeal had found that the board members...
Atle Melø
Atle Melø7. June 2021
Corporate law

Directors’ liability under the Norwegian Companies Act

A company, shareholder, or another party may claim compensation from a managing director, board member, member of the corporate assembly, investigator, or shareholder for loss that such person has intentionally or negligently caused...
Atle Melø
Atle Melø9. February 2021
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