News and current topics from various practice areas and industries

Many family-owned enterprises hold significant value in commercial real estate. These may be properties that have been in the family for generations or have been developed by the most recent generation. At some point, the owner must consider whether the business should be transferred to the next generation or realized through a sale.

The Norwegian Inheritance Act of 2019 regulates how inheritance is distributed among heirs. The inheritance is divided between the spouse and children (“heirs of the body”), and if the deceased has neither, other relatives according to specific provisions.

The main rule in separation and divorce is that the spouses’ fortunes, which are joint property, should be divided equally. In a recent decision from the Supreme Court, it was clarified how a repurchase right for shares should be treated in a divorce settlement.