News

  • Sverre S. Tysland new partner at Steenstrup Stordrange
    Thursday, January 5, 2017
    It is with great pleasure and pride we can announce that Sverre S. Tysland has joined us as a partner of Steenstrup Stordrange.
  • The Norwegian Competition Authority opens its first abuse case since 2007
    Thursday, December 15, 2016
    On 23 November 2016 the Norwegian Competition Authority (the “NCA”) issued a statement of objections against Telenor, one of the largest mobile network providers in Norway. The NCA proposes issuing an infringement decision pursuant to section 11 of the Norwegian Competition Act, (equivalent to Article 102 TFEU) for the abuse of dominant position in two markets for mobile network services to Norwegian consumers. The NCA has proposed a fine of NOK 906 million.
  • Proposed changes to the taxation of unit linked capital insurance - but the product’s fundamental attractiveness remains intact
    Tuesday, November 22, 2016
    On 27 October 2016 the Norwegian Ministry of Finance issued a hearing note in which it proposes changes to the tax rules for “fund accounts”. “Fund accounts” are used in the hearing note as a collective term for unit linked capital insurance, which are marketed under different names in the Norwegian market. Common to most fund accounts is that the insurance element is limited, usually 1% of the fund account’s total savings value upon the insured’s death.
  • The PRIIPs Regulation facing a one year delay
    Monday, November 14, 2016
    The European Commission announced 9 November 2016 that it suggests extending the application date of the PRIIPs Regulation by one year, i.e. until 31 December 2017.
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