Norway FDI control
Produced in partnership with Stuart Stock of Wikborg Rein and Patrick Oware of Wikborg Rein
Practice notesNorway FDI control
Produced in partnership with Stuart Stock of Wikborg Rein and Patrick Oware of Wikborg Rein
Practice notes
A conversation with Stuart Stock, specialist counsel, and Patrick Oware, senior associate, on key issues on FDI Control in Norway.
1. What is the applicable legislation?
The control of foreign Investments on grounds of national security is governed by the Act of 1 June 2018 No. 24 relating to National Security (the "Act"), specifically chapter 10 of the Act.
In addition, there are other indirect control mechanisms, in particular the obligation for a company that is party to contracts that require facility security clearance, to inform the relevant authority of changes in its board composition or ownership structure. Furthermore, the King in Council, i.e. the government in plenary session, may take decisions to prevent activities that present a threat to national security or other planned or ongoing activities that may present a "not insignificant risk" of a threat to national security interests.
2. Which government or other body (or bodies) reviews foreign investments?
The competent authority to receive and process the filing is the relevant ministry with responsibility
Access this content for free with a 7 day trial of LexisNexis and benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 42 practice areas
Get your quote today and take step closer to being able to benefit from:
- Instant clarification on points of law
- Smart search
- Workflow tools
- 36 practice areas
Get a LexisNexis quote
* denotes a required field
To view the latest version of this document and thousands of others like it,
sign-in with LexisNexis or register for a free trial.
Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Control definition
What does Control mean?
[has the meaning given to it in section 1124 of the Corporation Tax Act 2010 OR means the ownership'>beneficial ownership of more than 50% of the issued share capital of a company or the legal power to direct or cause the direction of the management of the company] and the expression change of control shall be construed accordingly;
CONTACT US
