The Supreme Court found that the majority shareholder had breached an unwritten duty of loyalty and that liability could be established under Section 17-1 of the Norwegian Private Limited Companies Act (aksjeloven). The claim against the managing director did not succeed. The parent company, together with...

In addition to the articles of association, an agreement may be entered into between all or some of the shareholders in connection with the incorporation of the company or at a later stage. Such agreements may concern, for example, the company’s business in general, ...

The Norwegian Private Limited Liability Companies Act (the Companies Act) requires information concerning certain fundamental aspects of the company relationship to be included in the company's articles of association. The minimum requirements regarding the content of the articles are limited to provisions of a more permanent nature that will...