ISFIN partners with top law firm Steenstrup Stordrange in Norway

Leading Norwegian law firm Steenstrup Stordrange consolidates its practice in emerging markets

ISFIN has teamed up with Steenstrup Stordrange – leading legal experts in Norway.

Prof. Laurent MARLIERE, CEO of ISFIN, says, “ Norway is a politically stable, modern and highly developed country with a highly educated population and, with the second highest GDP pr. Capita in the world, the country offers a very strong economy although it has been slowing down. The Norwegian economy currently offers great investment opportunities.

There are about 5500 foreign-owned limited companies in Norway, with several thousand additional branch offices. The total value of the Foreign Direct Investment (FDI)-stock in Norway is about 130 bill. Euro and the biggest sector receiving FDI is the offshore (oil and gas) sector. The Energy sector has always been appealing for investors from the Gulf and Middle East.

Richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and highly dependent on the petroleum sector, which accounts for the largest portion of export revenue and about 30% of government revenue, Norway has developed some world-class industries that aspire to be global knowledge hubs.

 “Investments in our area of practice is expected to grow worldwide. This is why several leading financial institutions are offering Ethical or Shariah compliant funds. Many countries are amending their tax laws to attract investors. Exploring other Islamic finance products could be relevant to Norway.

The declining oil prices and weak growth in Europe call for seeking further new markets to invest. Adding to that, Norway's central bank cut interest rates in a surprising move to prop up the economy ailing from falling offshore investments” Adds Marlière.

Steenstrup Partner, Klaus Henrik WIESE-HANSEN and Lars TORMODSGARD, say, “With offices in all the important business regions in Norway, Steenstrup Stordrange has a firm grip on local  legal requirements. Local roots are teamed up with the power of national and international expertise wherever it is beneficial in order to execute work effectively.

Steenstrup Stordrange participates in several global tier 1 networks. Cross-border advice can be offered quickly and with guaranteed quality to customers with an international hemisphere. Thus clients are well taken care of, wherever their business takes them.

Clients need lawyers that can apply the law in the context of industry challenges. Monitoring key sectors closely, our firm has developed extensive knowledge about the specific political, economic, social and technological issues that affect each industry. Sectors most frequently assisted include banking and finance, corporate/private equity, technology and IT, real estate, industry, trade and service, building and construction, fishery and aquaculture and the public sector.

Steenstrup Stordrange aims to be an excellent business partner for customers and has a strategic customer service focus. Services are regularly measured and this strong focus has proven to provide results. Quantitative research carried out by a third party on the firm’s behalf showed high satisfaction. Clients were particularly satisfied with legal expertise and in-depth industry knowledge, clear communication, availability and flexibility.

The attorneys in our team have many years of experience in all these fields and assist Norwegian and foreign operators in transaction processes, purchasing and selling businesses, mergers/demergers and advisory services in all areas of company law.

 “Our firm with ISFIN is going to open new opportunities for us to welcome Islamic investments in Norway and advice our clients about emerging markets,” add Attorney at law Klaus Henrik WIESE-HANSEN and Lars TORMODSGARD.

ISFIN is the world’s leading platform for professional firms specializing in Islamic Finance, investments from and to the Muslim world and the Halal industry. The alliance covers more than 75 jurisdictions around the world.
 ISFIN’s network is composed of the most innovative and highly regarded independent law firms, audit & accounting firms and real estate companies in their field.

Contact Information:

Laurent MARLIERE, CEO ISFIN
+ (32) 475422149
LM@isfin.net
www.isfin.net

Klaus HENRIK WIESE-HANSEN, Partner, Attorney at law
Advokatfirmaet Steenstrup Stordrange
+ 47 22 81 46 85
kwh@steenstrup.no 
http://steenstrup.no

Lars TORMODSGARD, Partner, Attorney at law
Advokatfirmaet Steenstrup Stordrange
+ 47 22 81 45 63
lto@steenstrup.no 
http://steenstrup.no