NORWAY Law and Practice Contributed by: Robin Aker Jakobsen, Amund Fougner Bugge, Jan Magne Langseth and Stig Walle, Simonsen Vogt Wiig
• other required or necessary assistance and deci- sion-making. The board of directors’ decision to recommend a transaction is seldom challenged by the shareholders. 9.4 Independent Outside Advice In Norway, the board of directors would normally engage both a legal adviser specialised in public transactions and a financial adviser with correspond- ing competence and experience in connection with a takeover or a business combination. The board of directors also quite often engages an independent financial adviser to provide a fairness opinion, in addition to the adviser providing the trans- action advice.
340 CHAMBERS.COM
Powered by FlippingBook