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Simonsen Vogt Wiig AS  

Legal Services | Norway

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All norway COVID-19 articles | All Articles by Simonsen Vogt Wiig

The BIMCO Ship Sale Agreement – A New Form of Standard?
Simonsen Vogt Wiig AS, January 2021

Background BIMCO has circulated a Consultation Draft of a new Ship Sale Agreement (the «SSA»). For some time now, there has been a predominant standard form of vessel sale. With its origins back to 1925, developed by the Norwegian Shipbrokers’ Association and available through Bimco, it is still referred to as the Norwegian Saleform (or NSF) despite its recent rebranding as «Saleform 2012». Since its inception, the Saleform has been amended a number of times, latest in 2012, such amendments driven by legal developments, and generally aimed at improving clarity of its terms...

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Year in Review: Dispute Resolution
Simonsen Vogt Wiig AS, January 2021

To avoid a complete halt in critical functions in society, the government proposed a new law, the Corona Law, which provided the government with the authority to give regulations that were contradictory to statutory law. The most prominent feature on the field of litigation was the court’s new ability to decide that an oral hearing should be held by the use of videoconference. Furthermore, the Supreme Court also showed their ability to adapt quickly to the new situation. Firstly, the Supreme Court established a third, temporary department to process cases virtually...

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The Norwegian Government Proposes New Loan and Guarantee Schemes
Simonsen Vogt Wiig AS, March 2020

  On 15 March 2020, the Norwegian government presented their proposal for new loan and guarantee schemes in the total amount of NOK 100 billion, to strengthen Norwegian companies' liquidity during the Covid-19 outbreak. The proposal includes: A NOK 50 billion funding which will be applied to issue guarantees in favour of banks as security for new loans granted to small and medium sized companies. The Norwegian Ministry of Finance is currently in discussions with the banks on how to best structure the guarantee scheme, including how it should be administrated and supervised. Re-establishment of the Norwegian Governmental Bond Fund with a funding of NOK 50 billion...

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Public Procurement Law and the COVID-19 Crisis
Simonsen Vogt Wiig AS, March 2020

  The authorities have been quick to publish public procurement law guidance for the Covid-19 crisis. In this article we argue that Norwegian authorities could have provided even more clear guidance on what is to be considered at the crossroad between public procurement law and the protection of life and health. The exceptional Covid-19 crisis has given contracting authorities new and unforeseen challenges...

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Corona: Beware of Increased Cyber Risk
Simonsen Vogt Wiig AS, March 2020

Many organizations are these days in a phase of reorganizing their operations and establishing alternative solutions to ensure continued business work capacity. Meanwhile numerous hackers and other cyber criminals around the world are mobilizing themselves to take advantage of the extraordinary situation. All business should therefore be aware of a significant increase of cyber risk in relation to the current corona crisis. To combat the negative effects of the corona situation and prevent further spread of the covid-19, many businesses are taking necessary and proactive steps enabling their staff to work remotely from home...

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All norway COVID-19 articles | All Articles by Simonsen Vogt Wiig

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