It's about who we are
In 100 years, we have gone from being a maritime law firm to becoming one of Norway's largest full-service business law firms. In a time of great turbulence and much uncertainty, and in a business environment with high demands for adaptation, having good advisors is important. In the midst of this stands Wikborg Rein as a full-service law firm with expert knowledge - ready to find good solutions to your challenges.
News and updates
WR Energy Update: Strategic impact assessment for offshore wind
The Norwegian Water Resources and Energy Directorate (NVE) has completed a strategic impact assessment of three of the 20 offshore areas identified as potential sites for offshore wind development in Norway. NVE recommends to increase capacity in the Vestavind F area, to open a new project area in Sørvest F, and to defer any developments in Vestavind B for the time being.
TGH Holdings AS divests its energy market analysis and advisory services business
SKM Market Predictor AS (now TGH Holdings AS) has entered into an agreement to divest its energy markets analysis business to Montel AS.
The application timeline for the EU Deforestation Regulation will be extended
On 14 November 2024, the EU Parliament formally approved the European Commission's proposal to postpone the application of the Deforestation Regulation (Regulation (EU) 2023/1115) until 30 December 2025. With the aim of reducing deforestation, forest degradation, greenhouse gas emissions and global biodiversity loss, the Deforestation Regulation imposes documentation and due diligence requirements on in-scope entities to ensure that relevant commodities and products are deforestation-free and lawfully produced. Companies falling within the scope of the Regulation, should start preparations to ensure that they are prepared to comply once the obligations enter into force.
WR Asset Management: EuVECA – Access to EU marketing passport and retail investors – without a licence
In a previous newsletter, we outlined the differences between licensed and registered AIFMs. One major advantage of a full licence is the ability to market funds across borders within the EU/EEA ("passporting"). However, for small and medium-sized managers, there is an alternative: registering the fund as a qualifying venture capital fund (VCF) under the EuVECA Regulation, provided the planned fund strategy aligns with the investment restrictions. Below, we explore who might benefit from this option.
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Society is undergoing a transformation that requires growth and development to occur within the boundaries of nature and the climate. In this context, the business sector will play a pivotal role. The legal aspect of sustainability encompasses not only compliance with a growing number of regulatory requirements but also the need to position oneself for long-term value creation through effective risk management and sustainable business practices. Wikborg Rein has a dedicated team focused exclusively on sustainability, while also integrating sustainability principles across all areas of the firm’s expertise.
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Wide range of expertise
Our teams have expert knowledge within the most important fields of the business sector.