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Tord Eide

Former Chief General Counsel

In May 2016 described Tord Eide as:

An internationally respected attorney who has ranked among the Top 5 in his native Norway, Tord Eide has daily responsibility for legal affairs of the Alevo Group. As a partner and one of the founders of the Norwegian branch of DLA Piper nearly a quarter century ago, he has considerable experience in financing, mergers and acquisitions, and international transactions, as well as businesses restructuring and strategic planning. He has served as a director and chairman of the board of companies in several countries, yet it was Eide’s family connections in the U.S. that led to Alevo’s manufacturing base of operations to launch in Concord, N.C.

Tord Eide in a photo taken from

In 2014 alone Alevo paid CHF 2,015,830 in fees to Tord Eide’s previous employer, DLA Piper (as with the $3,000,000 to Harrison Wellford, it came under “Commissions & Professional Fees” and was never itemised in the notes to the accounts nor declared as a related party transaction). Presumably this included the services for helping to defend Alevo against newspaper reports of being financed by a narcotics trafficker.

As of January 2017 Tord was no longer Chief General Counsel of Alevo, where he had previously been paid NOK 2,250,000 per annum. It appears he was still billing the company $6,000 per month for 20 hours of work. His contract for those services included helping to deal with Dagens Næringsliv and their reporting on Alevo (and Jostein Eikeland). These payments continued until shortly before the final bankruptcy.

In September 2016 Tord engaged the services of the law firm CLP DA in Norway to give legal advice as regards an article published in Dagens Næringsliv, who charged NOK 4,300 per hour for the services of Partner Kyrre Eggen.

In a January 2019 article that appears in the Norwegian newspaper Dagbladet, Tord Eide admits that Alevo employed the services of a private investigator in Norway, but that it was not in connection with discrediting a journalist from Dagens Næringsliv who was writing a series of damaging articles on Jostein Eikeland and Alevo.

In May 2015 Alevo International SA signed an agreement with a Norwegian company called Momspartner. This may have been a related party transaction that was never disclosed to be as such as Tord Johan Eide is the Chairman of that company. This agreement was cancelled in December 2017 as Alevo was going into bankruptcy.

In a Wikipedia article Tord Eide is mentioned in connection with Enigro which ran the Unaico concept which appears to have been a pyramid scheme. It is mentioned that Tord Eide had taken care of a loan to Alevo and Jostein Eikeland through a BVI company and that there was a planned NOK 800 million claim against DLA Piper where Tord Eide had worked at the time of the transactions.

Tord Eide with an Alevo Gridbank
Tord Eide, around the time of the launch of the Cabarrus manufacturing facility for Alevo.
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