Involuntary credit arises when the debtor fails to pay at maturity (breach). From the creditor’s perspective, this credit is involuntary. The debtor effectively obtains it by failing to pay. In such cases...
Atle Melø22. June 2025
Next to payment, limitation (statute of limitations) is the most important ground for the extinction of monetary claims. Limitation means that the claim is extinguished because the creditor has waited too long to assert it. Once the claim is time-barred...
Atle Melø22. June 2025
The Norwegian parent company Elopak ASA received dividends of approximately NOK 200 million in each of the years 2010 and 2014 from its Swiss subsidiary. Up to and including 2009, the subsidiary was...
Atle Melø31. March 2025
Six founders jointly owned a company. In 2017, four of the founders sold a total of 45.5% of the shares to the two remaining owners for nearly NOK 41 million. The buyers were unable to...
Atle Melø13. February 2025
The general rule under Section 23-2 of the Norwegian National Insurance Act is that employer’s national insurance contributions must be calculated on salary payments. An important practical exception is set out in subsection nine of the provision: ...
Atle Melø24. December 2024
A developer who constructs necessary infrastructure—such as roads, water supply, and sewer systems—in an area zoned for residential development is entitled to reimbursement of the costs from all landowners who benefit from...
Atle Melø24. December 2024