Aabø-Evensen & Co recognized in IFLR1000´s prestigious ranking

The annual review conducted by the International Financial Law Review (IFLR), was published Wednesday the 19th of October. Aabø-Evensen & Co is once again recognized as a leading law firm in the field of M&A.

Clients praise the firm overall for its work. “It is a leading law firm with strong professionalism skills and good commercial understanding,” says one. “I can highly recommend Aabø-Evensen & Co.”

In addition, Ole Kristian Aabø-Evensen is ranked as a leading lawyer and is extremely capable at M&A work. He is described by a client as “a trusted cooperative” who “combines high professionalism with strong negotiation skills and good commercial understanding”.

IFLR provides tiered rankings of the leading financial and corporate law firms for different regions, markets and practice areas, accompanied by analysis of the market trends and the business environment.

To view the review in its entirety, please visit http://www.iflr1000.com

LINK Mobility Group ASA has completed the acquisitions of Labyrintti group of companies, Whatever Mobile group of companies and Linus AS

LINK Mobility Group ASA ("LINK") has completed the acquisitions of Labyrintti group of companies, Whatever Mobile group of companies and Linus AS, as announced by the Company on 7 September 2016, 30 June 2016 and 24 June 2016, respectively.

LINK has experienced expansive organic growth over the last years. As a result of the organic growth and acquisitions, LINK has become the leading provider of mobile messages and mobile services for businesses is the Nordic, Baltic and German markets. LINK is headquartered in Oslo, and has regional offices in Bergen, Stockholm, Malmö, Copenhagen, Kolding, Tampere, Hamburg, Tallinn and Riga.

Aabø-Evensen & Co Advokatfirma AS is acting as legal advisor to LINK.

Click here to be redirected to LINK’s Stock Exchange Notice.

Hva kan arbeidsgiver gjøre når det ikke er arbeid nok til å sysselsette samtlige arbeidstakere?

Når bedriftens oppdragsmengde minker slik at det ikke lenger er arbeid til å sysselsette samtlige arbeidstakere og selskapets finansielle stilling svekkes, er det mange bedriftsledere som lurer på hvilke muligheter en arbeidsgiver faktisk har med tanke på tiltak som forhåpentligvis kan sikre bedriftens fremtid.

Dersom arbeidsmangelen er forbigående og det er grunn til å tro at arbeidstakerne kan sysselsettes igjen, kan permittering av arbeidstakere være en løsning. Dersom det er på det rene eller overveiende sannsynlig at arbeidsmangelen vil bli permanent, skal arbeidsgiver i stedet gå til oppsigelse av arbeidstakere. Det er mange arbeidsgivere som føler seg usikre på hvilke regler som skal følges når man vurderer å permittere ansatte da man ikke finner regler om permittering i arbeidsmiljøloven.

Klikk på linken nedenfor for å få en kort oppsummering av de mest sentrale reglene som gjelder ved permittering av arbeidstakere.

Denne artikkelen er skrevet av:

Kristine N. Slotnæs

The Norwegian Court of Appeals, Borgarting circuit, has found the fourth largest Danish consumer bank Sydbank A/S in liable breach of contractual obligations towards its Norwegian customers

The Norwegian Supreme Court has denied hearing on appeal, and the case, which is of relevance for all Norwegian consumers with similar banking arrangements, has thus reached its conclusion. 

The case involved a large number of Norwegian private consumers, who were offered significantly geared investment loans from Sydbank A/S. The loans, to be utilized in the global securities market, were predominately offered as currency loans in Swiss Franc (CHF), and Sydbank had collateral in the customer's capital- and trading accounts. In August 2011, a short but highly volatile shift sent the securities market for a dive, and the CHF, in which most of the loans were denominated, appreciated severely against the NOK. In order to hedge against own losses in the prevailing market, Sydbank, without informing its Norwegian customers, executed compulsory sales of the customers' securities portfolios and made simultaneous exchange of the CHF loans over to NOK. 

In effect, the enforcements completely eradicated the customers' equity, and the Court of Appeals found this to be in liable breach of Sydbank's contract with its customers. Conversely, Sydbank was not heard with its defence that a bank can be free its obligations towards customers simply by acting (in this case informing about compulsory asset sales) through designated intermediaries (in this case Norwegian financial advisory firms).

Partners at Aabø-Evensen & Co, Harald Blaauw and Geir Johan Nilsen, assisted the Norwegian customers against Sydbank A/S in the case.


Aabø-Evensen & Co recognized as one of Norway's leading M&A law firms

The annual peer review conducted by the Norwegian business daily, Finansavisen, was published today 19 February. Aabø-Evensen & Co is once again ranked as one of Norway's leading M&A Law firms together with Wiersholm and BAHR.

In addition, three of the firm's lawyers are recognized in the categories for M&A and Capital markets transactions. Ole Kristian Aabø-Evensen and Nils Olav Årseth are both ranked under the M&A Category. Lars André Gjerdrum is recognized as “up and coming” under the Capital Market transactions category.

To see the peer review in its entirety, please visit http://www.finansavisen.no/ to request a copy.