Offshore wind licenses representing approx. 1% of Norwegian ocean waters, or 30 000 MW will be awarded within 2040 announced the Norwegian government in a press conference May 11th. This goal represents nearly a doubling of Norway’s total current renewable energy production and is far beyond the levels of ambitions previously stated by the Government.
Norway has implemented all four of the EU’s sanctions packages imposed on Russia. The sanctions require businesses to take significant steps to ensure compliance and may even affect business relations with non-sanctioned entities.
Around 9,000 Norwegian enterprises will meet new requirements when the new act relating to enterprises' transparency and work on fundamental human rights and decent working conditions (the "Transparency Act") enters into force on 1 July 2022. In this newsletter, we will provide guidance as to how enterprises may prepare for the new requirements and thereby reduce business risk.
Severe international sanctions are being imposed on Russia following the invasion of Ukraine. The sanctions regimes are constantly changing, as new rounds of sanctions are being introduced in quick succession. There are also certain variations across the key regimes (including the US, EU, and UK).
In the Pharma Report Summer 2020, we take a retrospective look at some of the legal developments during the first half of 2020 in the Norwegian pharmaceutical sector.