Professional and Directors’ Liability

Wiersholm possesses specialised expertise and extensive experience in various types of professional liability, directors’ liability, and liability related to corporate and securities transactions. In addition to being a leader when it comes to advising companies and professionals prior to litigation, Wiersholm frequently handles extensive matters relating to liability in damages before the courts and has successfully assisted in numerous complex liability disputes that have resulted in settlements.

The customer feels important and prioritised, and they always provide the right resources in meetings. They work quickly and efficiently, are flexible and solution-oriented.
Legal 500

Businesses face increasingly detailed regulatory requirements. At the same time, expectations from shareholders and contractual partners place high demands on the professionalism of the companies’ management and their advisors. Annual accounts must be audited, taxes and duties correctly collected and reported and anti-money laundering procedures implemented. Legal requirements for the protection of the working environment, the environment and sustainability must be complied with. Data protection measures must be followed, and contracts must be entered into, reviewed, and complied with to safeguard the company’s best interests within the framework of the agreement. In addition comes the general requirements of good business practice, loyalty, and integrity when conducting business and transactions.

To meet these demands, consultancy services worth billions of kroner are purchased annually. Advisors are subject to strict professional liability under legislation, case law, and contracts for individual assignments. Their potential liability in damages may be significant as incorrect advice may lead to substantial losses or liability for customers or others. Boards of directors and general managers are also exposed to liability for their actions and omissions, facing strict requirements under company and commercial law, with liability in damages as an obvious consequence of rule violations.

Conflicts between shareholders may also lead to liability claims against other shareholders, the board of directors, or the company management