Best Project Finance Lawyers in Bergen

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Magnus Legal
Bergen, Norway

Founded in 2005
50 people in their team
Norwegian
English
Magnus Legal was established in 2005 under the name Visma Advokater, with the goal of supplementing Visma's services in accounting, payroll, and advisory with business legal advice in taxation, VAT, and related legal areas. For you as a customer, this means that you can meet most of your needs in...

Founded in 1984
50 people in their team
Norwegian
English
Since the firm's inception in 1984, our philosophy has been to offer specialized legal services of high professional quality with professional execution.Through personal follow-up, business understanding and a focus on effective solutions, we have built long-term client relationships since the...
SANDS Law Firm DA
Bergen, Norway

Founded in 1989
English
SANDS Law Firm DA is one of Norway's largest full-service law firms, comprising over 220 professionals across offices in Oslo, Bergen, Trondheim, Ålesund, Tromsø, and Tønsberg. The firm offers comprehensive legal services, covering all areas of business law, including corporate transactions,...
Bergen, Norway

Founded in 2018
English
Hill & Co Advokatfirma AS is a forward-thinking law firm dedicated to providing comprehensive legal services tailored to the unique needs of each client. With a team of experienced attorneys, the firm offers expertise across various practice areas, including contracts, real estate, mergers and...

English
Advokatfirmaet JUDICIUM DA, established in 2000, is a reputable law firm located in Bergen, Norway. The firm offers a broad spectrum of legal services, including expertise in inheritance law, maritime law, criminal law, and insurance matters. Their team of seasoned attorneys brings diverse...
Advokatfellesskapet Falch
Bergen, Norway

English
Advokatfellesskapet Falch, located in Bergen, Norway, comprises experienced and dedicated attorneys offering a broad range of legal services. Their areas of expertise include family law, child welfare, criminal defense, inheritance law, and mental health law. Several attorneys hold permanent...
Law firm Stiegler ANS
Bergen, Norway

English
Stiegler Law Firm, L.L.C., based in New Orleans, Louisiana, specializes in employment law, representing workers across South Louisiana in various employment-related cases. Led by attorney Charles J. Stiegler, the firm handles matters such as unpaid wages, discrimination claims, non-compete...

English
Advokatfirmaet Schjødt AS is recognized as a leading law firm with a longstanding presence in the Nordic legal market. The firm brings together a diverse team of highly skilled lawyers who offer in-depth expertise across a wide spectrum of legal disciplines, including corporate law, dispute...

Founded in 2016
English
Advokatfirmaet Oldermann AS is a distinguished business law firm located in the historic Kjøbmannstuen on Bryggen in Bergen. The firm specializes in financing, contract law, energy law (LNG/LBG), maritime and transport law, among other areas. Their team possesses high professional competence and a...

English
Advokatfirmaet Rysst & Co., located in Bergen, Norway, specializes in providing comprehensive legal services in property law, inheritance and family law, and labor law. The firm offers expert assistance to individuals, businesses, co-owners, and housing cooperatives across the Vestland region,...
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About Project Finance Law in Bergen, Norway

Project finance is a specialized area of law and finance that revolves around funding infrastructure and industrial projects based on the projected cash flows of the project rather than the general balance sheets of the sponsors. In Bergen, which serves as a strategic hub for energy, shipping, and infrastructure sectors, project finance is commonly used for projects such as renewable energy installations, shipping vessels, real estate developments, and major infrastructure undertakings. Project finance law in Bergen encompasses issues of risk allocation, contract negotiation, security interests, and regulatory compliance. Lawyers in this field work closely with sponsors, lenders, contractors, public authorities, and other stakeholders to bring complex projects to completion while balancing legal and commercial interests.

Why You May Need a Lawyer

Engaging a lawyer for project finance in Bergen can be crucial in many scenarios. Common situations where legal help is needed include:

  • Drafting and negotiating finance agreements with banks or investors
  • Ensuring compliance with Norwegian and international regulations for large-scale projects
  • Establishing security packages to safeguard lender interests
  • Managing risk allocation between project sponsors, contractors, and lenders
  • Handling cross-border elements and international contracts
  • Dealing with public-private partnership (PPP) agreements
  • Resolving disputes that may arise during project development or operation
  • Advising on tax implications related to major investments or financial arrangements

Lawyers provide essential legal advice, help anticipate potential issues before they arise, and can represent clients in negotiations and before regulatory authorities.

Local Laws Overview

Project finance in Bergen is governed by a combination of national Norwegian law and, where relevant, European Union directives. Some key legal aspects include:

  • Contract Law: Norwegian contract law is based on the principle of freedom of contract, giving parties broad autonomy, but is also subject to statutory protections.
  • Security Interests: Mortgages, pledges, and other forms of security must comply with the Norwegian Mortgages and Pledges Act. Registration in official registries like the Brønnøysund Register Centre may be required.
  • Concession Laws: Some projects, especially in energy or utilities, require government concessions or licenses under sector-specific legislation.
  • Environmental Law: Projects must comply with Norwegian environmental regulations and may require Environmental Impact Assessments.
  • Taxation: Project financing structures should account for tax implications, including VAT and corporate income tax under Norwegian law.
  • PPP and Procurement: Public procurement rules based on Norwegian and EEA law may apply, particularly for projects involving government entities.
  • Insolvency: Norwegian insolvency rules determine the ranking and rights of creditors if a project faces financial distress.

Frequently Asked Questions

What is project finance and how does it work in Bergen?

Project finance is a method of funding projects where the project's cash flow and assets are used as the primary means of repaying debts. In Bergen, it is commonly used for infrastructure, energy, shipping, and real estate developments.

Are there specific regulations for project finance in Norway?

Project finance is subject to Norwegian financial, contract, and security laws. Additionally, sector-specific regulations and EU directives may apply.

Is it necessary to register security interests in Bergen?

Yes. Security interests, such as mortgages or pledges, must typically be registered with the appropriate official registry to be legally effective.

What risks are typically involved in project finance?

Risks include construction risks, operational risks, market risks, regulatory changes, and financial risks. Lawyers help identify and allocate these risks via contracts.

Can foreign companies participate in project finance projects in Bergen?

Yes, foreign investors and companies may participate, though they must comply with Norwegian laws and may require local legal representation.

What is a public-private partnership (PPP) and how is it used?

A PPP is a collaboration between government and private sector companies to finance, build, and operate projects. Norwegian and EU procurement laws often govern these partnerships.

What happens if a project faces financial trouble or insolvency?

Norwegian insolvency laws stipulate creditor rights, asset distribution, and recovery processes. Early legal advice can help restructure or rescue troubled projects.

Are environmental permits required for projects in Bergen?

Most large projects require environmental assessments and permits according to Norwegian environmental protection laws.

How long does the project finance process typically take?

The timeline varies depending on project complexity, regulatory approvals, and negotiations, but can range from several months to over a year.

How can a lawyer help with cross-border project finance transactions?

Lawyers provide guidance on compliance with multiple legal systems, assist in drafting international contracts, and coordinate with foreign counsel as needed.

Additional Resources

For further information and assistance on project finance in Bergen, consider consulting the following resources:

  • The Norwegian Financial Supervisory Authority (Finanstilsynet) - Regulates financial institutions and practices in Norway.
  • The Brønnøysund Register Centre - The official Norwegian registry for company information and security interests.
  • The Bergen Chamber of Commerce and Industry - Provides networking and advice for businesses in Bergen.
  • Norwegian Bar Association - Find qualified legal professionals specializing in finance and commercial law.
  • Innovation Norway - Government agency supporting business development, funding, and international cooperation.

Next Steps

If you are considering or currently involved in a project financing initiative in Bergen, the following steps are recommended:

  • Identify the scope and requirements of your project, including potential legal and regulatory issues.
  • Consult with an experienced project finance lawyer familiar with Norwegian and local Bergen regulations.
  • Prepare all necessary documentation, including business plans, financial models, and initial contracts.
  • Engage with relevant governmental bodies early to understand permit or concession requirements.
  • Ensure compliance with all registration and security interest laws to protect your investments.
  • Regularly review project structures for legal and tax efficiency, especially as the project develops.

A lawyer specializing in project finance will help you navigate Norwegian law, anticipate potential liabilities, and secure the success of your project from planning to operation.

Lawzana helps you find the best lawyers and law firms in Bergen through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Project Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Bergen, Norway - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.