Norway collection profile

norway-bnr

 

Collecting in Norway

  • The payment behavior of domestic companies is good, with payments made within 30 days on average, and domestic courts are fairly efficient in dealing with disputes in a timely manner.

  • Having said this, negotiation and compromises are considered as a pre-requisite to legal action and obtaining effective support in this regard is important.

  • In the event of insolvency, recovering the debt becomes practically impossible as debt renegotiation schemes are not effective and the priority rules set forth in liquidation proceedings make it unlikely for unsecured creditors to receive any part of the proceeds.

  

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    norway

    Norway

    Collection complexity

    notable-2


    Collection relating to

    Payments
    $-1
    Court
    proceedings
    Gav-2
    Insolvency
    proceedings
    Arrow-2
     

    Norway

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