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Norway will change its interest limitation rules, but ESA may still take Norway to the EFTA court

Published 02/07/2017

EFTA Surveillance Authority (ESA) published a reasoned opinion on 25 October 2016, concluding that the Norwegian interest limitation rules are in breach with Norway's obligations as member of the European Economic Area (EEA). In its response dated 31 January 2017, the Norwegian Ministry of Finance maintains that the Norwegian interest limitation rules are compatible with EEA obligations. However, the Ministry of Finance also describes certain changes to the rules that may be implemented with effect from 1 January 2018. In this newsletter we will describe the Norwegian interest limitation rules, the case with ESA and the suggested changes to the rules.


This newsletter contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgement. BAHR will not accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this newsletter.

Advokatfirmaet BAHR AS
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