Hjort has assisted Fenix Outdoor International AG with transaction
We are pleased to, together with our colleagues in LARK, have assisted Fenix Outdoor International AG in their acquisition of a 65% stake in Devold of Norway AS. Devold will now become Fenix Outdoor’s number one wool brand, enhancing their already impressive portfolio.
The European Court of Justice Safeguards the Right of Transgender People to have their Gender Information Corrected in Public Registers
In a recent ruling, the European Court of Justice has established the right of transgender persons to have information about their gender identity corrected in public registers without being required to undergo gender reassignment surgery.
Employer of Record Services in Norway: Legal Limitations and Risks
So-called Employer of Record (EOR) services, where a company formally employs an individual on behalf of another business, are increasingly coming into play on the global labour market. Several foreign entities wish to purchase these types of services in Norway but are unaware of the limitations under Norwegian law and the associated risks.
AS Batteriretur Sells Majority Stake in Høyenergi AS to Sortbat and Bebat
AS Batteriretur has finalized the sale of its majority stake in its subsidiary, Høyenergi AS, to Sortbat and its parent company, Bebat. This strategic acquisition strengthens Belgium’s and Norway’s leadership in the sustainable management of high-energy batteries, a critical component of the growing battery recycling and energy storage industries.
Supreme Court Clarification: Seizure Cannot Be Used to Secure Anticipated Legal Costs in Civil Litigation
In a landmark decision, the Supreme Court’s Appeals Committee has ruled that plaintiffs cannot employ seizure (arrest) to secure anticipated legal costs in civil disputes. Despite the likelihood of a favorable outcome for the plaintiff, the Committee emphasized that legal costs cannot be determined or awarded until the case is resolved. In a 2-1 decision, the Supreme Court rejected the use of seizure as a tool to safeguard potential future claims for legal costs, citing both procedural and legal limitations.
Plan Ahead: A Guide to Holiday Planning for Employers in Norway
Proper holiday planning is essential for employers in Norway, especially as summer approaches. While the warmer months may still seem far away, now is the time to start organizing employee vacations to ensure compliance with the Holiday Act and to avoid potential disruptions to your business operations. Failure to plan effectively can lead to significant costs for employers if employees do not take their statutory holiday.