Anders Faerden News

Norwegian Courts Reject Insurance Forum

Wikborg Rein, a Norwegian law firm, said Norway's Supreme Court has closed a door to claimants attempting to act against foreign shipowners insuring themselves in Norway. against a major Russian shipowner. company in Norway because it had its P&I cover with Oslo-based Skuld. has an asset in the country. mutual insurance company owned by its members. but the Supreme Court rejected the forum shopping. itself constitute a sufficient connection with Norway. relevant under Section 32. claims may also constitute an asset. parties domiciled in a country which is party to the Lugano Convention. European Union or the European Free Trade Association member states. constitute a sufficient connection with Norway. can sleep a little easier," says Faerden.