Country Report from Norway: The New Takeover Regime

European Company Law, Vol. 3, No. 1, pp. 35-39, February 2006

14 Pages Posted: 25 Jan 2006

See all articles by Beate Sjåfjell

Beate Sjåfjell

University of Oslo - Faculty of Law

Abstract

Norway, the land of oil and honey, with a narrow majority scared of losing the country's relatively newly found independence, is one of three EFTA states in the European Economic Area that enjoys the questionable pleasure of implementing EC rules without getting to vote over them first. This report gives an overview of the takeover rules in Norway, highlighting the main proposed changes due to the implementation of the EC takeover directive. The Norwegian takeover committee has with visions of an even more competitive and liquid capital market endeavoured to get the Norwegian rules in line with those of its closest European neighbours, also beyond the demands of the directive. Not however, to the extent of opting in to the breakthrough rules - but then neither have any other EU or EFTA states.

Keywords: EC takeover directive, Norwegian takeover rules

Suggested Citation

Sjåfjell, Beate, Country Report from Norway: The New Takeover Regime. European Company Law, Vol. 3, No. 1, pp. 35-39, February 2006. Available at SSRN: https://ssrn.com/abstract=877064

Beate Sjåfjell (Contact Author)

University of Oslo - Faculty of Law ( email )

PO Box 6706 St Olavsplass
Oslo, 0130
Norway

HOME PAGE: http://www.jus.uio.no/ifp/english/people/aca/beatesj/

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