Mowi opts not to file an appeal after Hordaland district court dismissed its case in April, but may mount a future legal challenge once Norway's tax settlement decision is confirmed.
A Norwegian district court has rejected the salmon farmer's case, but Mowi may mount further legal action following Norway's tax authority decision, expected later this year.
Mowi CEO Ivan Vindheim takes the stand at a court in Bergen, claiming Norway's ground rent tax gives Mowi a "competitive disadvantage". Meanwhile, his company's results reveal EUR 120 million drop in ...
Investments worth more than NOK 30,000 million (EUR 2,645 million - USD 2,859 million) remain on hold, according to the NHHS Consulting report commissioned by Sjømat Norge.
The new council is expected to be appointed before Christmas, and will have power to set binding prices for salmon in order to calculate what income is subject to Norway's ground rent tax.
