{"id":26709,"date":"2026-03-27T13:44:13","date_gmt":"2026-03-27T12:44:13","guid":{"rendered":"https:\/\/www.hjort.no\/?p=26709"},"modified":"2026-03-27T13:44:13","modified_gmt":"2026-03-27T12:44:13","slug":"personal-liability-for-board-members-and-shareholders-under-the-norwegian-companies-act-%c2%a7-17-1-district-court-ruling","status":"publish","type":"post","link":"https:\/\/www.hjort.no\/en\/personal-liability-for-board-members-and-shareholders-under-the-norwegian-companies-act-%c2%a7-17-1-district-court-ruling\/","title":{"rendered":"Personal Liability for Board Members and Shareholders Under the Norwegian Companies Act \u00a7 17-1 \u2013 District Court Ruling"},"content":{"rendered":"<p>The ruling is a clear reminder that the Companies Act&#8217;s rules on share capital increases are not mere formalities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p class=\"lead\">Lawyers P\u00e5l Sverre Hern\u00e6s and Astrid Skorge Fisher secured a full judgment in favor of their client in a case concerning personal liability under section 17-1 of the Norwegian Companies Act (aksjeloven). Asker og B\u00e6rum District Court ordered three individuals \u2014 the chairman of the board, a board member, and a passive shareholder of a start-up company \u2014 to pay NOK 2,162,500 in damages on a joint and several basis, with default interest accruing from 4 August 2022. By the time judgment was handed down, the accrued interest exceeded NOK 900,000. The defendants were also ordered to pay NOK 772,962 in legal costs.<\/p>\n","protected":false},"author":7,"featured_media":26676,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-26709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dispute-resolution-and-litigation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Personal Liability for Board Members and Shareholders Under the Norwegian Companies Act \u00a7 17-1 \u2013 District Court Ruling - Hjort<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hjort.no\/en\/personal-liability-for-board-members-and-shareholders-under-the-norwegian-companies-act-\u00a7-17-1-district-court-ruling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Personal Liability for Board Members and Shareholders Under the Norwegian Companies Act \u00a7 17-1 \u2013 District Court Ruling - Hjort\" \/>\n<meta property=\"og:description\" content=\"Lawyers P\u00e5l Sverre Hern\u00e6s and Astrid Skorge Fisher secured a full judgment in favor of their client in a case concerning personal liability under section 17-1 of the Norwegian Companies Act (aksjeloven). Asker og B\u00e6rum District Court ordered three individuals \u2014 the chairman of the board, a board member, and a passive shareholder of a start-up company \u2014 to pay NOK 2,162,500 in damages on a joint and several basis, with default interest accruing from 4 August 2022. By the time judgment was handed down, the accrued interest exceeded NOK 900,000. 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