Mazanti-Andersen Korsø Jensen
DK-1256 Copenhagen K
VAT no.: DK 35 89 20 52
Mazanti-Andersen Korsø Jensen is an integrated partnership between partners organized in an AdvokatPartnerselskab. The AdvokatPartnerselskab is managed by a number of committees coordinated by a Management Committee consisting of Henrik B. Sanders (Chairman), Philip S. Thorsen, Jan Al-Erhayem, Michael L. Jacobsen and Lars Lüthjohan Jensen. The lawyers of Mazanti-Andersen Korsø Jensen are members of the Danish Bar and Law Society.
The firm is covered by insurance against professional liability risks and has provided a guarantee in accordance with the rules of the Danish Bar and Law Society with a reputable insurance company, Codan Forsikring A/S, Gammel Kongevej 60, DK-1790 Copenhagen V.
The firm must comply with the obligations of the Danish Act on Measures to Prevent Money Laundering and Terrorist Financing (“the Anti-Money Laundering Act”).
According to this act, the firm must obtain information about the identity of all clients. For this reason we request the following information:
Individuals must state their name, address and civil registration number. As proof of identity the client must submit a copy of his or her passport or driver’s licence.
Companies and other legal entities must state their CVR number (company registration number), legal form, the names of the management, the rules governing the power to bind the company, the names of the owners and the name, address and civil registration number of the physical persons who in the last resort control the legal entity.
According to the act the firm is prohibited to carry out any task before the firm has received the required information of the identity
In accordance with the act, identity information will be kept for a minimum of five years after the relationship with the client has ended.
You can read about the ethical rules for the legal profession and about the Council of the Danish Bar and Law Society (Advokatrådet) on the Danish Bar and Law Society’s website: www.advokatsamfundet.dk.
The Firm is subject to the surveillance and disciplinary system and the ethical rules administered by the Danish Bar and Law Society and stated on the website: www.advokatsamfundet.dk
In the event of a dispute between the client and the Firm in respect of a fee invoiced by the Firm and/or the performance of the Firm, the client is in respect of the size of the fee and/or the Firm's performance entitled to submit a complaint to Advokatnævnet, 28 Kronprinsessegade, DK 1308, Copenhagen K (www.advokatnaevnet.dk)
Business terms and conditions applicable by Mazanti-Andersen Korsø Jensen
These business terms and conditions shall apply, unless otherwise agreed in writing, to any task that the client may ask the law firm to carry out.
1. Receiving and opening a case
1.1 The firm shall as soon as possible confirm and acknowledge receipt of a case and describe the task in outline to the client, if necessary, or if so requested by the client.
1.2 Subject to the provisions of the Danish Bar and Law Society and the internal procedures established by the firm on identification of conflicts of interest, if any, the firm shall make sure that no such conflict of interest or incapacity exists when opening a case.
1.3 The firm is subject to the provisions of the Act on Anti-money Laundering and Combating the Financing of Terrorism and has thus adopted internal rules in relation hereto. The firm is in this connection obliged to obtain personal data from new and existing clients who have not previously provided personal data to the firm.
2.1 The firm will conduct all cases in compliance with the provisions of the Danish Administration of Justice Act on practising of law and other relevant legislation. In addition, all cases will be conducted in compliance with the business code of ethics of the Danish Bar and Law Society.
2.2 The scope of the legal assistance requested by the client in relation to a case shall be agreed on a regular basis, and the firm will provide qualified, legal counselling, and provide the agreed services in due time.
3.1 The firm shall endeavour to carry out any task at a fee that is commensurate to the performance for carrying out the task. In connection with this the firm shall endeavour to conduct the task at an appropriate level.
3.2 The firm shall, unless otherwise agreed, determine the fee, based on the number of hours undertaken in order to carry out the task. The size of the hourly rate depends, among other things, on the seniority and expert knowledge possessed by the attorney(s) in conduct of the task. Apart from the number of hours undertaken, the calculation of the fee will also include other factors, including the scope of necessary expert knowledge, the value of involved, the importance of the case to the client, the complexity, the result achieved and the responsibilities associated with the case.
3.3 The firm will endeavour to solve all tasks against a consideration in the form of a fee, which is commensurate to the firm’s performance and the value of the case, however, in relation to cases of less value there may be cases where the fee will not be commensurate to the value of the case.
3.4 Upon request, the client will be informed of the expected fee in connection with the commencement of a case, if it is possible to estimate such fee with regard to the nature of the case. If it is not possible to estimate the fee, the client will be informed of the applicable fee calculation principles. In matters pertaining to consumers, the client will receive adequate details in respect of the fee prior to the commencement of the case.
3.5 Any necessary costs and disbursements undertaken by the firm in connection with a case is payable by the client in addition to the fee. However, general administrative assistance is included in the fee.
4. Terms of payment
4.1 In general the firm will invoice the client when the case is completed or with intervals agreed in advance with the client. However, at any time the firm shall be entitled to settle long-term cases on account.
4.2 Payment terms are 14 days from the date of invoice. In case of late payment, the firm shall be entitled to charge interest according to the provisions of the Danish Act on Interest in force at any time. Applicable VAT will be added to the fee according to the VAT legislation.
5. Management of client funds
5.1 Funds paid to Mazanti-Andersen Korsø Jensen Advokatpartnerselskab, are deposited in accordance with existing client account rules on a client account in a bank in Denmark, are managed and are interest bearing in accordance with rules of the Danish Bar and Law Society. In times of low interest rates, there may be negative interest rates on client accounts. In this case, the client will be invoiced the interest expense.
5.2 As of June 1, 2015 the rules on the insurance of deposits in case of a financial institution in distress have been amended. The previous rules stated that there was full coverage of deposits on lawyers’ client accounts in a distressed bank, have been changed to the effect that the same rules now apply for client bank accounts and for ordinary bank accounts. This entails that clients, who have deposits on their own accounts as well as on the Mazanti-Andersen Korsø Jensen Advokatpartnerselskab´s client bank account in the same bank, can only recover a total of € 100,000 from the deposit insurance scheme in case of a distress situation in the financial institution.
5.3 Unless a written agreement to the contrary is agreed, amounts paid to Mazanti-Andersen Korsø Jensen Advokatpartnerselskab as entrusted funds will be deposited on a client bank account in a bank in Denmark elected by Mazanti-Andersen Korsø Jensen Advokatpartnerselskab. Clients who have a particular interest in the choice of bank for their deposits are requested to notify Mazanti-Andersen Korsø Jensen Advokatpartnerselskab hereof in writing no later than upon receipt of the deposit.
5.4 Mazanti-Andersen Korsø Jensen Advokatpartnerselskab assumes no responsibility for any loss as a result of the deposit of entrusted funds on a client’s bank account caused by the fact that the bank is or becomes distressed.
5.5 Special rules apply to deposits made in connection with real estate, if the property has been used for or will be used mainly for non-commercial purposes. In this case, amounts of up to EUR 10 million are covered, until 12 months after the money has been deposited, and this is the case whether the deposit is on a separate account or not. Further information about the warranty agreement can be found here.
6. Confidentiality and insider trading
6.1 The firm will undertake that all information, which is not available to the general public, is kept strictly confidential. All employees of the firm are obliged to observe professional secrecy, and separate safety procedures pertaining to confidential information and materials have been adopted.
6.2 All employees of the firm are subject to the current legislation pertaining to non-disclosure of internal information in respect of listed companies and the current restrictions on trading in listed securities. The firm has adopted an internal set of rules and procedures to prevent insider trading.
7. Liability, limitation of liability and liability coverage
7.1 The firm shall in accordance with the general rules of Danish law be liable in respect of any advice provided to the client.
7.2 The liability of the firm is limited to a maximum of DKK 50 million for each assignment. However, compensation to a client cannot exceed DKK 100 million for claims presented within the same calendar year and the immediately subsequent year.
7.3 The liability of the firm shall not include consequential financial losses, including business interruption, loss of data, loss of profit, goodwill, image etc. or other forms of indirect losses.
7.4 The firm is covered by insurance against professional liability risks, and has provided a guarantee in accordance with the rules of the Danish Bar and Law Society with a reputable insurance company, Codan Forsikring A/S, Gammel Kongevej 60, DK-1790 Copenhagen V.
7.5 The firm assumes no liability for advice and services rendered by other advisers to the client, irrespective of such advisers having been engaged with the assistance of the firm.
8. Choice of law and venue
8.1 Any dispute between the firm and a client shall be settled in accordance with Danish law, and any such dispute shall be instituted before the Danish courts only.
Copenhagen, 3 October 2017