Simonsen Vogt Wiig AS

Although admittedly still in its early phase, the metaverse, a virtual world where users can interact with each other and digital objects in a 3D environment, provides exciting new opportunities with a multitude of implications for rights management and the Fintech sector. Facebook’s head-first charge into this new landscape attests to the importance of the metaverse. Last year, the tech giant rebranded its corporate identity to Meta to signal its commitment to the metaverse...

As a starting point, money in a bank account is nothing more than a contract with a promise to pay (the bank being the debtor/payer and the account holder the creditor/payee); it is a claim against the bank (an IOU issued by the bank, Norwegian: enkelt krav) held by the account holder. By creating bank IOUs called «demand deposit accounts«, the bank promises to: Convert deposits into cash (coins and notes) on demand; Accept bank IOUs (deposits), both its own and those of other banks, in payment of debts owed to the bank, and as deposits to accounts with the bank...

Merger control is an integral part of competition law. The Norwegian Competition Authority (NCA) enforces the Norwegian rules. Notification to the NCA is compulsory prior to closing and implementation of all mergers and acquisitions that bring about a structural «change of control» in the market and exceed the national turnover thresholds (the combined annual turnover in Norway of all the undertakings concerned must exceed NOK 1 billion; and the annual turnover in Norway of each of at least two of the undertakings concerned must exceed NOK 100 million)...

Thomas Talén joins Simonsen Vogt Wiig’s employment law team from Deloitte. Thomas has extensive expertise within structuring and implementation of various compliance programs, forensic investigations, and handling of whistleblower cases. He also advises national and international clients on acquisitions, restructuring/downsizing as well as individual personnel matters. «The recruitment of Thomas is a great addition to our employment law team and contributes to further strengthen a department in growth. We are very happy to have him joining the SVW team!» Managing Partner Mona Søyland says...