A well-balanced menu for both body and brain in Bergen and Oslo
Team Norway held its traditional Lunch Seminars in Bergen at the Radisson Blu Royal Hotel on Tuesday 7 November and in Oslo at Tjuvholmen Sjømagasin on Wednesday 8 November.
The total turnout for both events of about 50 guests representing insurance brokers, ship owners and the legal community were treated with a well-balanced menu for both body and brain. The events were initiated with presentations by Area Manager Tore Forsmo focusing on the general state of both shipping and marine insurance, both coming out of the doldrums at present and followed up with status and ambitions for Team Norway.
The Director for Strategic Business Development, Lars A. Malm, then gave a thorough presentation of the TS Taipei casualty last year, emphasising critical factors for the successful handling by The Swedish Club of a complex situation and potentially costly total loss.
The afternoon was rounded up by Managing Associates Øyvind Dehli and Kristoffer Hegdahl from lawfirm Thommessen. Their topic, "Financial Restructuring in the OSV/Offshore Energy Segments", was particularly relevant given the current situation of low oil price, low offshore activity and oversupply of both rigs and offshore service vessels.
The presentation focused on relevant and well-established mechanisms in Norway, the US ("Chapter 7 and 11") and the UK ("Schemes") with a number of practical and recent examples. An altogether fascinating though at the same time highly complex world of legal and financial oddities and challenges. All presentations well received by a highly appreciative audience. Thank you to all participants.
Photos: The Swedish Club