Best Project Finance Lawyers in Norway

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Law firm Legalis
Oslo, Norway

Founded in 1995
50 people in their team
Norwegian
English
About usA central idea when Legalis was founded in 1995 was already then to offer legal services over the internet - a new thing at the time. We are still a leader in this area in the legal industry, and the goal is to continue to challenge the old-fashioned legal industry with innovative digital...
Kvale Law Firm
Oslo, Norway

Founded in 1988
50 people in their team
Norwegian
English
Victory togetherKvale is a leading commercial law law firm which, since its inception in 1988, has assisted national and international businesses. We are particularly recognized for assisting some of Norway's largest companies with their most important and complicated matters.Our professional...
Erbe & Co avd. Oppdal
Oppdal, Norway

English
Erbe & Co avd. Oppdal is a distinguished law firm serving the Oppdal community with a comprehensive range of legal services. Established in 1997, the firm has built a solid reputation for providing expert legal assistance to both businesses and individuals. Their areas of practice encompass real...
Thommessen
Oslo, Norway

Founded in 1856
500 people in their team
Norwegian
English
More than the industry's best legal expertiseThommessen is one of Norway's leading business law firms with offices in Oslo, Bergen, Stavanger and London. Since our start in 1856, we have been involved in most of the tone-setting assignments in Norwegian business. Our clients are Norwegian and...

Founded in 1923
500 people in their team
Norwegian
English
About usIn a time of great turbulence and much uncertainty, and in a business environment with high demands for adaptation, having good advisors is important. In the midst of this stands Wikborg Rein as a full-service law firm with expert knowledge - ready to find good solutions to your challenges....
Advokatfirmaet Thallaug ANS
Lillehammer, Norway

Founded in 1919
English
Advokatfirmaet Thallaug ANS, established in 1919, is one of the largest law firms in the Innlandet region of Norway. With a team of 24 professionals, including five attorneys authorized to appear before the Supreme Court, the firm offers a comprehensive range of legal services. Their main office is...

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...
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...

Founded in 1990
English
Harris Advokatfirma AS avd Norheimsund is a distinguished law firm in Norway, recognized for its deep expertise in legal services, business management consulting, and comprehensive attorney support. The firm’s experienced team offers tailored legal solutions to both private individuals and...

Founded in 2024
English
Fulford & TYR Advokatfirma AS, established on October 1, 2024, through the merger of Fulford Pettersen & Co and TYR Advokatfirma, is a prominent legal firm in Drammen, Norway. This consolidation has created a robust legal environment with extensive experience and expertise, serving businesses,...
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About Project Finance Law in Norway

Project finance in Norway refers to the complex legal, financial, and contractual frameworks used to fund large infrastructure, energy, and industrial projects. This method often involves arranging debt and equity finance based on projected cash flow rather than the project sponsors’ personal assets. In Norway, project finance is common in oil and gas, renewable energy, public infrastructure, and other capital-intensive industries. The legal landscape draws on both domestic law and international market practices, making expert advice highly valuable for project sponsors, lenders, and investors.

Why You May Need a Lawyer

Legal counsel plays an essential role in project finance arrangements in Norway due to the scale, complexity, and cross-border nature of many projects. Here are some situations where you may need a lawyer:

  • Structuring joint-venture agreements or consortium arrangements
  • Negotiating and drafting loan, security, and guarantee documents
  • Advising on public-private partnership (PPP) contracts
  • Navigating regulatory approvals and compliance requirements
  • Managing risk allocation between multiple stakeholders
  • Resolving cross-jurisdictional legal issues
  • Conducting due diligence on project assets and participants
  • Advising on tax structuring and optimization
  • Assisting with dispute resolution or restructuring in case of default
  • Working through project closure or asset transfer processes

Local Laws Overview

Project finance transactions in Norway must comply with a robust legal framework rooted in Norwegian law, alongside any relevant EU regulations. Key aspects include:

  • Contract Law - Project agreements must conform to Norwegian contract law, focusing on clarity, enforceability, and risk allocation.
  • Securities and Guarantees - Security interests are governed by the Norwegian Mortgage Act and other statutes, affecting how lenders secure their loans against project assets or cashflows.
  • Regulatory Approvals - Many projects require permits or concessions, particularly in energy, transport, and natural resources. These are regulated by sector-specific laws and government agencies.
  • Banking and Financial Services Laws - The Financial Institutions Act and related regulations oversee lending and syndication activities by banks and financial institutions.
  • Taxation - Project structuring must consider Norwegian corporate taxes, VAT, withholding taxes, and possible tax incentives for specific sectors or regions.
  • Environmental Law - Projects are subject to environmental assessments and compliance with the Pollution Control Act and related legislation.
  • Public-Private Partnerships - These often require compliance with public procurement rules and may involve additional transparency and reporting obligations.
  • Dispute Resolution - Disputes may be handled through Norwegian courts or arbitration, depending on contract terms.

Frequently Asked Questions

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

Project finance is a funding method that relies on the future revenue generated by a project, rather than the assets or creditworthiness of its sponsors. In Norway, this is commonly used for infrastructure, energy, and industrial developments, typically involving a mix of local and international lenders and investors.

What types of projects commonly use project finance in Norway?

Typical projects include offshore wind, hydroelectric dams, oil and gas facilities, ports, roads, tunnels, and major public infrastructure such as hospitals or schools procured through PPP arrangements.

Who are the main parties involved in Norwegian project finance deals?

Usual participants include sponsors (project owners), lenders (banks, multilateral agencies), contractors, operators, offtakers (buyers of project output), and various government agencies or authorities.

Are there specific regulatory requirements for project finance in Norway?

Yes, depending on the sector. Energy projects require licenses from the Norwegian Water Resources and Energy Directorate (NVE), while public procurement is regulated by the Public Procurement Act. Financial regulations and sector-specific laws also apply.

Can foreign investors participate in project finance projects in Norway?

Yes. Norway welcomes foreign investors, and there are few restrictions. However, certain strategic industries or assets may require additional approvals or notifications under national security laws.

How are security interests taken and enforced in Norwegian project finance?

Security is taken over project assets, contracts, receivables, and accounts, following the Mortgage Act and related statutes. Enforcement is typically through Norwegian courts, and legal documentation must be compliant with Norwegian law.

How are disputes typically resolved in Norwegian project finance?

Disputes may be resolved through the Norwegian courts or, more commonly for large projects, through arbitration seated in Norway or a neutral jurisdiction, as agreed in the relevant contracts.

What are the key risks in project finance deals in Norway?

Risks include construction delays, cost overruns, regulatory changes, environmental or permitting issues, funding shortfalls, and operational risks once the project is running.

Are there incentives or support schemes from the Norwegian government?

Yes. Norway offers support such as Enova grants for clean energy projects, tax incentives in some sectors, and guarantees from Export Credit Norway or GIEK for eligible projects.

What is the typical timeline for completing a project finance transaction in Norway?

Timelines vary widely, but from initial structuring to financial close, most transactions take between 6 months and 2 years, depending on project complexity, regulatory approvals, and participants’ preparedness.

Additional Resources

If you are seeking more information or support regarding project finance in Norway, consider consulting the following resources:

  • Norwegian Ministry of Trade, Industry and Fisheries - For information on investment regulations and incentives
  • Norwegian Water Resources and Energy Directorate (NVE) - Regulatory body for energy projects
  • Innovation Norway - Support and funding opportunities for innovation and infrastructure
  • Export Credit Norway - Financing and guarantees for export-oriented projects
  • Norwegian Courts Administration - Information about the court system and dispute resolution in Norway
  • Enova - Financial incentives for environmentally friendly energy projects
  • Norwegian Bar Association - To find accredited lawyers or law firms specializing in project finance

Next Steps

If you believe you need legal assistance regarding project finance in Norway, consider the following steps:

  • Clearly define your project’s scope, goals, participants, and expected financial structure
  • Gather relevant documentation such as business plans, financial models, permits, and concession applications
  • Contact a law firm with experience in Norwegian project finance. You can use directories provided by the Norwegian Bar Association or seek recommendations from financial or industry advisors
  • Schedule an initial consultation to discuss your needs, potential legal challenges, and fee arrangements
  • Work closely with your lawyer to ensure full compliance with all regulatory, contractual, and financial requirements throughout the project’s life cycle
  • Check with governmental and industry organizations for any financial support, incentives, or regulatory updates relevant to your sector

Experienced legal guidance is an important investment in the success and compliance of any complex project finance transaction in Norway.

Lawzana helps you find the best lawyers and law firms in Norway 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 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.