With prosecutors and local lawyers unpersuaded by the value of internal investigations and an enforcement agency that many believe lacks sufficient oversight, Norway can be a challenging jurisdiction for investigators. Waithera Junghae went to Oslo to find out more.
Norway’s second failed tax evasion prosecution echoes the collapsed Transocean case and shows police are still failing to conduct independent investigations into tax matters, says the defence counsel in the case.
Frode Elgesem, head of investigations at Norwegian firm Thommessen, has left to set up a boutique compliance firm.
Økokrim has defended its decision to drop corruption charges against Kongsberg after the authority initially used the case to refute criticisms of the country’s low enforcement rate.
Norway’s investigations landscape is growing as corporate law firms and medium-sized firms are increasingly having to offer companies corporate criminal defence advice.
Hanne Skaarberg Holen, counsel to Transocean, says she believes Norwegian prosecutors indicted one of her colleagues to maintain access to legally privileged information.
Anti-corruption lawyer Michael Munro has joined Norton Rose Fulbright from offshore drilling contractor Transocean, where he helped manage the company’s response to bribery allegations involving Brazilian energy business Petrobras.
Norway’s main white-collar crime authority, Økokrim, is under pressure after it was forced to drop Norway’s largest-ever tax evasion case involving drill contractor Transocean.