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Pickupcat
PickUpCat was a Norwegian company established in 1996. The company was based on a module-based concept invented by Norwegian marine engineer Dag O. Aavitsland. The concept implied that ships should be built in two detachable modules so that the motor module and the cargo module could be separated."Ville selge egne aksjer", in Dagens Næringsliv 23.4.1999, page 6 Economic problems and misleading information In September 1998 the company's CEO sent misleading information to stock holders indicating that the company had signed a contract that would produce significant license income. According to the CEO's message, 6 motor units and 18 cargo units for chemical tankers were to be constructed, and this would produce significant income for the company, starting at the end of that year. The contract partner was identified as Venture Management Group Ltd in the UK. Over the next two days the price of Pickupcat stocks increased by 50%."Pickupcat-sjef tiltalt", Dagens Næringsliv, March 9, ...
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Gerrards Rederi
Gerrards Rederi A/S (Gerrards Shipping) was a Norwegian shipping company, trading from 1956 to the late 1990s. History Gerrards Rederi was established in 1956 when the two joint-stock shipping companies S/A Songdal and S/A Germa were merged. The shipping company struggled through the shipping crisis of the mid-1970s, but conditions improved during the 1980s. In 1984 the company established the shipping pool Samseilingspoolen Norobo, together with Arnt J. Mørland, Tønnevolds Tankrederi A/S, Ugland Management Co. A/S, and Norse Shipping Company Pty. Ltd. The pool was to consist of 12 modern combined bulk and tank ships. In 1992, London-based Ugland Brothers acquired the company., and in 1994 its activities were moved from Kristiansand, Norway, to London. The company appears to have ceased trading around 1997. In 1999, Gerrards Rederi was for several months the object of intense media attention related to the Pickupcat controversy, in which Pickupcat management had given inacc ...
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Arve Johnsen
Arve Johnsen (born 18 February 1934) is a Norwegian industrial executive and politician. He was educated in business administration with the degree ''siviløkonom'' from the Norwegian School of Economics and Business Administration in 1957 and in law with the degree cand.jur. from the University of Oslo in 1960. He was active in the Norwegian Labour Party and was appointed State Secretary to the Minister of Industry during the first cabinet Bratteli early in the 1970s. Johnsen was the first Chief Executive Officer of Statoil from the company was founded in 1972. He was forced to withdraw in 1987 due to the Mongstad scandal. He is a fellow of the Norwegian Academy of Technological Sciences The Norwegian Academy of Technological Sciences ( no, Norges Tekniske Vitenskapsakademi, NTVA) is a learned society based in Trondheim, Norway. Founded in 1955, the academy has about 500 members. It is a member of the International Council of Aca .... References 1934 births L ...
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Modular Design
Modular design, or modularity in design, is a design principle that subdivides a system into smaller parts called ''modules'' (such as modular process skids), which can be independently created, modified, replaced, or exchanged with other modules or between different systems. Overview A modular design can be characterized by functional partitioning into discrete scalable and reusable modules, rigorous use of well-defined modular interfaces, and making use of industry standards for interfaces. In this context modularity is at the component level, and has a single dimension, component slottability. A modular system with this limited modularity is generally known as a platform system that uses modular components. Examples are car platforms or the USB port in computer engineering platforms. In design theory this is distinct from a modular system which has higher dimensional modularity and degrees of freedom. A modular system design has no distinct lifetime and exhibits flexibili ...
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Memorandum
A memorandum ( : memoranda; abbr: memo; from the Latin ''memorandum'', "(that) which is to be remembered") is a written message that is typically used in a professional setting. Commonly abbreviated "memo," these messages are usually brief and are designed to be easily and quickly understood. Memos can thus communicate important information efficiently in order to make dynamic and effective changes. In law, a memorandum is a record of the terms of a transaction or contract, such as a policy memo, memorandum of understanding, memorandum of agreement, or memorandum of association. In business, a memo is typically used by firms for internal communication, while letters are typically for external communication. Other memorandum formats include briefing notes, reports, letters, and binders. They may be considered grey literature. Memorandum formatting may vary by office or institution. For example, if the intended recipient is a cabinet minister or a senior executive, the f ...
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Companies Established In 1996
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial p ...
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Shipbuilding Companies Of Norway
Shipbuilding is the construction of ships and other floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history. Shipbuilding and ship repairs, both commercial and military, are referred to as "naval engineering". The construction of boats is a similar activity called boat building. The dismantling of ships is called ship breaking. History Pre-history The earliest known depictions (including paintings and models) of shallow-water sailing boats is from the 6th to 5th millennium BC of the Ubaid period of Mesopotamia. They were made from bundled reeds coated in bitumen and had bipod masts. They sailed in shallow coastal waters of the Persian Gulf. 4th millennium BC Ancient Egypt Evidence from Ancient Egypt shows that the early Egyptians knew how to assemble planks of wood into a ship hull as early as 3100 BC. Egyptian potte ...
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Extradition
Extradition is an action wherein one jurisdiction delivers a person accused or convicted of committing a crime in another jurisdiction, over to the other's law enforcement. It is a cooperative law enforcement procedure between the two jurisdictions and depends on the arrangements made between them. In addition to legal aspects of the process, extradition also involves the physical transfer of custody of the person being extradited to the legal authority of the requesting jurisdiction. In an extradition process, one sovereign jurisdiction typically makes a formal request to another sovereign jurisdiction ("the requested state"). If the fugitive is found within the territory of the requested state, then the requested state may arrest the fugitive and subject him or her to its extradition process. The extradition procedures to which the fugitive will be subjected are dependent on the law and practice of the requested state. Between countries, extradition is normally regulated b ...
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Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a v ...
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Chairman
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''President (corporate title), president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', ''moderator (town official), moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''Spe ...
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National Authority For Investigation And Prosecution Of Economic And Environmental Crime In Norway
The National Authority for Investigation and Prosecution of Economic and Environmental Crime ( no, Økokrim) is Norway's central unit for fighting economic and environmental crimes. The unit, created in 1989, has its main office in Oslo. Økokrim is both a police unit and a prosecution authority. The current director is Pål Lønseth. The unit is organized in multidisciplinary teams headed by public prosecutors. Each team has a specific field of expertise, such as corruption, computer crime or fraud. Cases The organization has played an important role in some major legal cases. In 2003, Økokrim arrested Mullah Krekar, alleged leader of the Kurdish Islamist group, Ansar al-Islam. 2002 After Jon Lech Johansen released DeCSS, he was taken to court by Økokrim. The trial opened in the Oslo District Court on 9 December 2002 with Johansen pleading not guilty and the defense, by Electronic Frontier Foundation argued that no illegal access was obtained to anyone else's information, ...
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Financial Supervisory Authority Of Norway
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability as ...
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Kristiansand
Kristiansand is a seaside resort city and Municipalities of Norway, municipality in Agder county, Norway. The city is the fifth-largest and the municipality the sixth-largest in Norway, with a population of around 112,000 as of January 2020, following the incorporation of the municipalities of Søgne and Songdalen into the greater Kristiansand municipality. In addition to the city itself, Statistics Norway counts four other densely populated areas in the municipality: Skålevik in Flekkerøy with a population of 3,526 in the Vågsbygd borough, Strai with a population of 1,636 in the Grim borough, Justvik with a population of 1,803 in the Lund borough, and Tveit with a population of 1,396 () in the Oddernes borough. Kristiansand is divided into five boroughs: Grim, Vest-Agder, Grim, which is located northwest in Kristiansand with a population of 15,000; Kvadraturen (Kristiansand), Kvadraturen, which is the centre and downtown Kristiansand with a population of 5,200; Lund, Kristia ...
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