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Banking & Finance

CMS Kluge is a trusted and recognized legal advisor on the full spectrum of banking and finance. From the firm’s offices in Oslo, Stavanger and Bergen we provide legal services within:

  • Finance
  • Banking law and regulatory
  • Capital markets
  • Financial restructuring

Our finance lawyers assist banks, direct lenders, investors, public entities, funds and corporations in matters ranging from routine, domestic cash management to large, complex international transactions. As part of CMS globally, CMS Kluge offers an international network of lawyers and tax advisors. In cross-border matters we put together an international expert team adapted to the complexity and requirements of the transaction.

18/10/2022
Technology Transformation – Financial Services
The Financial Services (FS) sector is a leader in protecting its tech infrastructure, reflecting the high degree of scrutiny from regulators. FS firms are at a tipping point, with large incumbents eying smaller firms and fintechs for their IP and skills to remain competitive while considering upgrades to legacy systems. Simultaneously, regulation is changing to reflect new and emerging technologies and threats. This report is a deep dive into data first produced for the re­port Tech­no­logy Transformation: Managing Risks in a Changing Landscape. This saw over 500 people surveyed from multiple industries across the world. Here we look in detail at the 85 respondents from the FS sector, and their perspectives on the risks associated with busi­ness-crit­ic­al technologies, including emerging technologies. This sector is more highly regulated than most of the other sectors surveyed, with many historical tech disputes relating to regulation. But the focus of regulation is shifting, and so are the risks affecting this sector. Download the Technology Transformation Financial Services report now to read about:Drivers of technology adoption in the financial services sectorNew risks emerging and traditional barriers to risk man­age­ment­Cur­rent technology risks in the financial services sectorFuture risks, including AI and crypto­cur­ren­cies, and measures to deal with themPreferred approaches to technology dispute resolution for the financial services sector
29/07/2022
CMS Expert Guide to Cash pooling | 2022 update
Cash pooling arrangements & agreements - 2022 update We are pleased to present an updated and extended version of CMS Expert Guide to Cash Pooling. Cash pooling enables corporate groups to minimise expenditure incurred in connection with banking facilities through economies of scale. Cash pooling agreements must be carefully structured in order to minimise the risks of civil or criminal liability of the participating group companies and their officers, and also take into account the tax issues. Especially in difficult economic times like we are experiencing now, with a multitude of risks (raw material prices, disrupted supply chains, to name but a few), the importance of efficient cash management is growing. We see increasing demand on expertise on cash pooling. In this context, this guide provides an overview of the risks of civil and/or criminal liability associated with cash pooling in multiple jurisdictions in which CMS is represented and discusses the various means by which such liability may be avoided. Please do get in touch if you have any questions you would like to discuss with our team.

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01/06/2022
CMS Next
What’s next? In a world of ever-ac­cel­er­at­ing change, staying ahead of the curve and knowing what’s next for your business or sector is essential. At CMS, we see ourselves not only as your legal advisers but also as your business partners. We work together with you to not only resolve current issues but to anticipate future challenges and innovate to meet them. With our latest publication, CMS Next, our experts will regularly offer you insights into and fresh perspectives on a range of issues that businesses have to deal with – from ESG agendas to restructuring after the pandemic or facing the digital transformation. We will also share with you more about the work that we are doing for our clients, helping them innovate, grow and mitigate risk. To be able to provide you with the best support, we immerse ourselves in your world to understand your legal needs and challenges. However, it is equally important that you know who we are and how we can work with you. So, we invite you to meet our experts and catch a glimpse of what is happening inside CMS. Enjoy reading this publication, which we will update regularly with new content. CMS Executive Team
29/03/2022
The Kruse Smith model resurfaced after three months
On 1 January 2022, the Norwegian Tax Directorate issued two statements regarding the tax treatment of share incentive schemes offered to employees, one of which threatened the existence of a widely used...
09/03/2022
CMS Kluge has acted as lead counsel for P/F Bakkafrost
CMS Kluge has acted as lead counsel for P/F Bakkafrost in connection with the refinancing of P/F Bakkafrost’s existing bank facilities with a EUR 700 million five-year secured sustainability linked...
30/11/2021
TMT World Congress 2021
CMS is delighted to be back at the in-person TMT World Congress 2021. Our digital communications infrastructure team looks forward to connecting and re-connecting with you and other key leaders from industry...