Directors’ and Officers’ Liability

With authority comes responsibility. Boards of directors and executive management in Norwegian companies are subject to strict requirements concerning governance, organisation and oversight. In times of economic uncertainty and pressure on corporate solvency, these responsibilities become clearer than ever.

Failure to comply may give rise to both criminal and civil liability, with potentially severe personal and financial consequences. Defending against such claims is complex and costly – and without the right strategy, the risk of loss can be significant.

We are one of Norway’s leading firms in directors’ and officers’ liability and insurance law. We represent executives, board members and insurers in disputes related to directors’ and officers’ liability. We also provide strategic advice, as well as interpretation and clarification of insurance policies.

We have acted in some of the largest D&O liability cases in Norway, including:

• If Insurance – in the largest D&O liability case in Norwegian history (Norske Skog)
• Tryg Insurance – in D&O litigation following the bankruptcy of Kleven Verft
• A number of board members – across three court instances in a damages claim following the bankruptcy of Spiro Medical AS. The board members were acquitted by the Supreme Court.