Read the untranslated law here: https://lovdata.no/dokument/NL/lov/2004-08-27-70
Law on the reorganization of Statkraft SF.
Ministry of Industry and Ministry of Fisheries
Published in 2004 Booklet 12
Law on the reorganization of Statkraft SF
§ 1. Purpose The purpose of this Act is to regulate certain matters arising from the transfer of Statkraft SF's business to an underlying corporation and its subsidiaries.
§ 2. Transfer of assets, liabilities, etc. Transferring obligations from Statkraft SF to companies mentioned in § 1 in connection with the transfer of Statkraft's activities happens that free the Statkraft SF. The transferred obligations can not be invoked against the state. Creditors and other licensees may not oppose the transfer and can not contend that the transfer constitutes a loss because of the legal relationship.
The first paragraph does not apply to loans that fall under the state's liability under Section III. 2 of the Law of 20 December 2002 no. 88 amending the Law on 30 August 1991 no. 71 relating to state enterprises, etc..
§ 3. Commencement This Act applies when the King bestemmer.1
Search Translated Laws of Norway