TERMS AND CONDITIONS

Bang + Regnarsen advises our clients in legal matters in adherence with the legal and ethical rules of the Danish Bar and Law Society, and the quality of our work is secured due to our internal system of quality assurance.

Bang + Regnarsen believes it is important,

• to inform our clients in the best possible way, about the way we will solve the problem entrusted to us,
• to provide our clients with a general overview of our legal fees, and how we invoice our assistance, and
• to come to an agreement with our clients on how we attend to the matter entrusted to us.

Communication

We ensure that an experienced lawyer, usually a partner, has the overall responsibility for handling the matter entrusted to us.

If the nature and extent of the matter allow it, it may be a junior lawyer or an assistant lawyer, who performs the day-to-day procedures in the matter.

The lawyer in charge of the matter or his/hers secretary will provide the client with information on how its matter proceeds.

The clients will receive copies of all documents, which are necessary for them to be up to date on the development of the matter.

The clients can choose to communicate with the lawyer through either e-mails, letters, fax or telephone.

Legal fees

Quality costs. We do our best to secure, that there is reason between the value, which our assistance contributes to create, and the total costs for our legal services.

We willingly agree on an advance payment, size of our legal fee and method of settling our accounts, before commencing our legal services.

Should it be necessary to incur costs for e.g.

• expert opinions,
• court fees,
• stamp duties

the clients shall pay these expenses separately.

Terms of payment

Our fee falls due at time of the issuing of the invoice and is payable within 14 days from invoice date. In connection with overdue payment, interest is calculated pursuant to the Danish Interest Act. VAT will be added to our fee according to current legislation.

Assets of the clients

All assets of the clients, which are entrusted to us, will be administered in accordance with the Danish Bar and Law Society’s rules and will be deposited on client accounts. Added interest falls to the client in question in accordance with the Danish Bar and Law Society’s rules.

Confidentiality

All information given by clients or obtained about the clients or others in connection with the services for a client is treated with strict confidentiality.

Insider rules

All partners and employees of Bang + Regnarsen are prohibited from passing on internal knowledge about public limited companies and are restricted from trading with quoted investments. The rules also apply to family members or live-in partner.

Liability

We are liable for our assistance to clients pursuant to the general rules of Danish law. In all matters Bang + Regnarsen’s liability for both negligence and gross negligence is limited to a maximum amount of DKK 10 mill. per task, however, so that the total damages to one client are limited to DKK 15 mill. per calendar year.

We cannot be held liable for indirect losses or operating losses, including loss of data, loss of profit, goodwill, image etc.

Insurance

Bang + Regnarsen has taken out third-party liability insurance cover in a reputable insurance company.

Money laundering

Bang + Regnarsen is under an obligation to report any suspicion of money laundering according to the regulation on money laundering.

Filing

As a principal rule we file all documents for five years and only for five years from the conclusion of the case.  Original documents will be handed back to the client in question, at the latest in connection with the conclusion of the matter.

Copyright

The client will receive all necessary rights to the written material produced by us in the matter, but the actual copyright and other intellectual property rights belong to B+R.

Conclusion of the matter entrusted to us:

We will carry out our services, until the matter can be considered concluded, unless a client cancels its instructions prior to conclusion of the matter, the credit given for payment of the invoice has been exceeded considerably, we judge that it is in the client’s best interest not to continue our assistance or other cogent reasons require it.

If we withdraw from a matter entrusted to us, the client will receive a notice period long enough for the client to seek legal advice from another law firm without unreasonable difficulties.

At any time a client may instruct B+R to discontinue our work on the matter. In that case the client has to pay our fee for legal services already provided by us in accordance with the above-mentioned guidelines.

Criticising the accomplishment our services

If a client is dissatisfied with our legal services, the client is requested to contact the responsible partner, or the lawyer, who is responsible for handling the matter. If necessary he/she will subsequently hand over the complaint to the current managing partner of Bang + Regnarsen, who will be in charge of the complaint and who will discuss a suitable solution with the client.

If a client wishes to file an actual complaint about the legal services provided by B+R, such a complaint shall be filed with the Danish Disciplinary Board within 3 months after ascertaining the circumstance, which the client wishes to file a complaint about.

If the client wants to file a complaint regarding the fee, such a complaint shall be directed to the local Complaints Board, to which the B+R belongs. The local Complaints Board has the same address as the Danish Disciplinary Board:

Advokatnævnet
Kronprinsessegade 28
DK-1306 København K
Telefon 33 96 97 98
www.advokatnaevnet.dk

Jurisdiction and choice of law

Should a dispute arise between Bang + Regnarsen and a client, such dispute shall be solved in accordance with Danish law, and such disputes can only be brought before the Danish courts.