Compliance Updates

Norway court orders against GiG in Euro TV AS case

Published

7 years ago

December 17, 2018

Niji Narayan

Norwegian Government Introduces New Legislation to Crack Down on Unlicenced Operators

Photo Source: domstol.no

Reading Time: < 1 minute

Bergen City Court in Norway has ordered Gaming Innovation Group Inc. (GiG) to transfer 3.4 million shares to Euro TV AS on the basis of an alleged oral agreement between the parties 30 April 2015. The order comes as a blow to the Malta-based gaming technology company.

GiG is assessing the order and will make a decision on whether appeal the order or not.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.