Lawyer: Statoil's squeeze on subcontractors resembles highway robbery

With several examples of threats to breach contracts and allusions to court trials, a Norwegian lawyer is now comparing Statoil to highway robbers because of the way the company puts the squeeze on subcontractors, reports Dagens Næringsliv.

Photo: Øyvind Hagen - Statoil

The criticism of Statoil and the oil company's exploitation of its dominant position on the market is flaring up.

This is clear after responsible partner Øystein Meland of law firm Wikborg Rein, lashes out at Statoil in comments to Norwegian business daily Dagens Næringsliv, comparing the oil major's negotiation methods to "highway robbery".

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