Private Wealth 2025

NORWAY Trends and Developments

Trends and Developments Contributed by: Sicilie Tveøy, Thomas Alnæs, Ramborg Elvebakk and Karen Margrethe Bugge Advokatfirmaet Hjort AS

Advokatfirmaet Hjort AS has a private wealth law team with over 30 lawyers based in Oslo, making it one of Norway’s largest and most experienced groups in this field. The firm advises private individu - als and family-owned businesses on a wide range of contentious and non-contentious matters, including probate, inheritance, family law and asset protec - tion, as well as disputes involving personal assets, employment, tax and real estate. Hjort is recognised for its expertise in structuring business transactions,

succession planning and inter-generational transfers, and frequently assists clients with complex equity transactions, mergers, demergers and family agree - ments. The team regularly represents clients in tax disputes and litigation at all court levels, including the Supreme Court, and has recently acted in cases concerning the deductibility of bad debts and prop - erty tax. Hjort’s integrated approach draws on its strengths in tax, litigation and criminal law to address the multifaceted needs of private wealth clients. Ramborg Elvebakk is a partner and Supreme Court advocate with extensive experience in family, inheritance and probate law. She is particularly recognised for her litigation skills, handling numerous cases annually and advising on inter-generational asset transfers, family agreements, marital contracts, and wills. Ramborg’s expertise includes complex asset divisions, especially where business interests are involved, and she advises both private and public sector clients. She is a member of the Norwegian Bar Association and actively contributes to professional networks focused on family and inheritance law.

Authors

Sicilie Tveøy is a partner with over 20 years of experience specialising in family and inheritance law, both domestically and internationally. Her expertise extends to contract, corporate, tax law for private clients

and real estate, allowing her to address complex, multifaceted legal matters. Sicilie is highly skilled in litigation and dispute resolution, frequently representing clients in court and serving as a court-appointed executor for inheritance cases by the Oslo Bailiff’s Office. She is a member of the Norwegian Bar Association and regularly participates in professional forums related to private wealth and inheritance law.

Thomas Alnæs is a partner with over 15 years of experience in M&A, corporate and tax structuring, commercial negotiations, and private equity and investment fund structures. He advises multinational companies,

Karen Margrethe Bugge is a partner with 15 years of experience in family, inheritance and probate law, including significant time as a deputy judge in the Oslo District Court and at the Norwegian Civil Affairs Authority. She

financial institutions and private equity firms on complex transactions, including buy and exit structures, incentive schemes and tax matters, with a particular focus on technology and research-driven sectors. Thomas is a member of the Norwegian Bar Association and is active in professional groups related to corporate and tax law, regularly contributing to industry seminars and publications.

specialises in inheritance law, wills, generational changes and relationship agreements, and is adept at both public and private estate changes. Karen frequently handles disputes related to inheritance and financial matters in relationships, as well as children’s cases. She is a member of the Norwegian Bar Association and participates in legal committees on inheritance and family law.

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