Examples of Norwegian Companies Act in a sentence
The Board’s work is governed by the Norwegian Companies Act, which is to manage the company’s values on the behalf of the owners.
Other business referred to in the notice of the meeting or which under the Norwegian Companies Act or Articles falls under the Annual General Meeting.
In order to continue to provide the Board of Directors with sufficient flexibility to put in place an efficient and flexible financial structure, in the context of the current market environment and to utilise the alternatives the Norwegian Companies Act provides for, it is desirable that the Board of Directors is granted a power of attorney to enter into convertible loans.
The issuer is Ice Group Scandinavia Holdings AS, a private limited liability company, incorporated under and regulated by the Norwegian Companies Act., business reg.
First, the preparatory materials of the Norwegian Companies Act strongly suggest the continuity of the transferring company’s legal personality in the transferee company.
Section 13-17 of the Norwegian Companies Act which states that “… the assignee company may pursuant to general rules transfer formal positions as owner of or holder of rights to assets that have belonged to an assigning company” must be read coherently with s 13-16, and on that basis, it seems to us that s 13-17 clarifies that insofar as there are any procedural steps to be taken to rectify the formal position as reflected in the records, the assignee company may do the necessary.
In s 13-16 of the Norwegian Companies Act, it is provided that “the assigning company is deemed liquidated” [emphasis added] when the merger has been registered.
The obligations of the Norwegian Guarantor under its Note Guarantee shall always be interpreted so as to make the Norwegian Guarantor liable to the fullest extent permitted by the Norwegian Companies Act, but in no event shall such Note Guarantee cover debt or other liabilities incurred in respect of the acquisition of shares in the Norwegian Guarantor or its direct or indirect parent companies.
Since, as Mr Perland submitted, the effect of the Norwegian Companies Act was to transfer the assets, rights, liabilities and obligations of Hydralift ultimately to NOV Norway “as a whole”, the Judge was correct that this entire transmission was not an “assignment”.
The ISIN code of the securities is NO 001 0864002.The Issuer is a Norwegian private limited liability company, incorporated under and regulated by the Norwegian Companies Act.