Streenstrup News is a blog by Norwegian law firm Steenstrup Stordrange. It provides insight into topical business and legal issues relevant to Norwegian business life.

Aimed at management and legal professionals internationally, the posts include debates and opinions on legal issues, updates on legal developments, as well as industry and market-specific insights and discussions.

If Steenstrup News becomes your preferred tool for gaining an understanding or keeping abreast of commerce and legal developments in Norway, we will have achieved our goal.

Blog authors are attorneys at law or senior economists and are either partners or associates at the firm. Editor is Partner Klaus Henrik Wiese-Hansen.

Please write to the Editor with your comments, questions or views about any relevant topic. Feel free to share any posts with colleagues and keep up to date through RSS. Tweet your views #Steenstrup or @SteenstrupLaw.

Read more about our firm on our website.

Klaus Henrik Wiese-Hansen

Attorney at Law, Partner

Klaus Henrik Wiese-Hansen Klaus Henrik Wiese-Hansen is a partner at Steenstrup Stordrange’s office in Oslo, and is a member of the M&A and Corporate Practice as well as the Banking and Finance group. He has 14 years' experience in all aspects of financial markets legislation and asset management, including Private Equity, Investment Fund Management, Securities Legislation, Banking and Finance, Insurance, and M&A with respect to these areas. He has advised numerous Norwegian and foreign institutional clients in all aspects of their businesses relating to the aforementioned legal areas.

All posts by Klaus Henrik Wiese-Hansen

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Increasing the transparency in the Norwegian bond market

The Ministry of Finance has requested the Norwegian FSA (FSAN) to draft legislation that may allow issuers of bonds to require information about the identity of the bondholders, including bondholders who hold their bonds through nominee accounts. This may increase the transparency in the Norwegian bond market.

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The Norwegian Government Pension Fund Global – Strengthens CSR profile and takes further steps towards infrastructure investments

The Norwegian right-wing Government recently submitted its annual white book to the Parliament on the management of the Government Pension Fund Global (GPFG) in 2014. The GPFG performed well in 2014, with returns of 7.6 % excl. asset management costs.

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Annual report from the Norwegian regulator

The Financial Supervisory Authority of Norway (the “FSAN”) has published its Annual Report for 2014. The full report is to date only available in Norwegian. In the following we present a brief summary of the most important events and developments from 2014 within banking and finance, insurance and pensions, and the securities area.

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The International Comparative Legal Guide – Insurance & Reinsurance 2015

Steenstrup Stordrange has contributed to the International Comparative Legal Guide – Insurance & Reinsurance 2015, by supplying the Norwegian chapter.

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UCITS update – The Norwegian regulator takes action against closet-tracking

Earlier this month, the Norwegian regulator took action against alleged mis-selling of a fund that charges high fees for active management but, in the regulator’s view, merely mirrors an index – i.e. closet-tracking.

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It took 20 years… but the Norwegian mass market is finally open to European hedge fund managers

Investment funds for sale to the general public – in other words, open-ended collective Investment structures of which shares may be redeemed on a regular basis and of which investment objectives are Financial instruments – have traditionally been strictly regulated in Norway.

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Norway chases carried interest taxation

Since 2012, Norwegian tax authorities have focused on the way Norwegian private equity firms have structured their carried interest payments.

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Market Update AIFMD: Marketing of Alternative Investment Funds (AIFs) in Norway

Five months have passed since the AIFMD was implemented in Norway. Since 1 July 2014, a relatively large number of applications have been filed with the Financial Supervisory Authority of Norway (the “FSAN”), concerning both marketing in Norway of non-EEA AIFs of EEA AIFMs and AIFs of non-EEA AIFMs.