Law On Guarantee Completion From Statoil Asa By Private Placement And The Sale Of State Shares

Original Language Title: Lov om garantistillelse fra Statoil ASA ved emisjon og salg av statens aksjer

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

Law on guarantee completion from Statoil ASA by private placement and the sale of the State's shares.

Date LAW-2001-05-18-22 Ministry Oil and Energy Ministry last edited published in 2001 booklet 6 entry into force 18.05.2001 Change Announced short title law on security from Statoil ASA by the stock sale § 1. By private placement (capital increase) or the sale of the State's shares in Statoil ASA the company may with the consent of the King set the necessary guarantees in connection with the private placement or sale, including releasing harmless policy for claims resulting from the incorrect, misleading or inadequate information in the prospects that are utilized by the fremsettelse of the offer to draw or buy stock in the company. Such warranties to fix a limit for beløpsmessig the company's responsibility, at which point the warranty lapses and specify the other provisions on the scope of the company's responsibility.

§ 2. Requirements for warranties given in pursuance of § 1 can be applied against Statoil ASA conclude otherwise, the current corporate and mutual judicial principles and rules.

§ 3. The law will take effect from the time that the King decides. 1