Ole Andenæs is a Partner at Wikborg Rein's Oslo office, and heads the firm's Financial Regulations practice.
Andenæs previously worked as Head of Legal in investment bank Carnegie AS, and he has in-depth and practical knowledge about the regulatory framework surrounding investment firms, asset managers, investor behaviour and adjacent regulations. Prior to this, Andenæs worked as a Senior Lawyer in law firm Thommessen, where he mainly worked with financial regulations, advising a wide range of regulated entities, as well as company law and disputes within these areas. He is also a specialist in company law, and is the co-author of "Aksjeselskaper og allmennaksjeselskaper (3rd edition 2016) ("Public and Private Limited Company Law").
Green wave in the capital market
Risk and opportunities relating to Environmental, Social and Governance matters ("ESG") have become more and more important for the capital market, with a particular focus on human-caused climate changes. Companies with ESG high on their agenda and preferably with a climate friendly business, attract investors and capital.
The CRR and CRD IV enter into force in Norway at year-end while the increase in systemic risk buffer is postponed till end of 2020
The Norwegian Ministry of Finance announced on Thursday 5 December that the CRR and CRD IV will (finally) enter into force in Norway on 31 December 2019. Further, on 11 December the Ministry published a proposal for adjustments to the capital requirements which will enter into force at year-end 2020. The Ministry is satisfied with the overall capital levels in Norwegian banks. The aim of the new measures is to ensure that Norwegian banks maintain their capital levels and that non-Norwegian banks are subject to the same requirements when operating in Norway.
Shipping project finance – new regulatory intricacies
Project financing has historically been a popular investment scheme and source of capital in Norway for shipping projects. The Norwegian regulatory authorities have however recently published guidelines regarding the application of the alternative investment fund regime on project finance entities and it is important that issuers, advisors, arrangers and investors are aware of the pitfalls of being captured by the wide definition of an alternative investment fund, and what steps they can take in order to adapt to the regulations.