Client information and business terms
1. DATA SHEET
Donatzky & Partnere Advokatfirma P/S is located at the address:
Trelleborggade 15, 1st floor
DK-2150 Nordhavn
Tel.: + 45 33 11 10 10
E-mail: info@donatzky.com
Company reg. (CVR) no.: 39 35 85 30
Donatzky & Partnere Advokatfirma P/S is a partnership company.
The company’s attorneys are authorised to practise law by the Ministry of Justice in Denmark and are admitted to the Danish Bar and Law Society.
2. THE ASSIGNMENT
The legal assistance and the scope of the assignment in question will be agreed upon with the client on start-up as well as on an ongoing basis.
We tailor our advisory services to each client and its specific requirements. Consequently, the advisory services cannot and must not be used for any other purpose without our prior express approval. Unless otherwise agreed, we are only liable to the client for the advisory services provided.
The client will have the required rights to use the specific written material prepared for use in a specific case, whereas the intellectual property rights, including copyrights, to the material produced will remain with our law firm.
We may decide to stop representing a client, for example in the event of the client’s breach of these terms, the client’s bankruptcy or insolvency, or if payment is not made in accordance with our terms.
3. CONFLICT OF INTEREST
In accordance with the rules of the Danish Bar and Law Society and our procedures regarding conflicts of interest, we will clarify that no conflict of interest or conflict of loyalty exists before we accept to take an assignment.
4. MEASURES TO PREVENT MONEY LAUNDERING – ID AND PEP STATEMENT
Attorneys are subject to the “Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism”. The act obliges Donatzky & Partnere Advokatfirma P/S to collect and file the clients’ identity information for five years. Consequently, clients must provide us with their name, address, and personal registration number (CPR) or company registration number (CVR) on start-up of a case and, to the extent required, present documentation thereof in the form of a passport or a driver’s licence in cases involving money transactions. As regards companies, information about and documentation of the beneficial ownership must also be provided.
In addition, the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism obliges Donatzky & Partnere Advokatfirma P/S to investigate transactions in the event of a suspicion that they are related to money laundering or financing of terrorism. In this connection we may, cf. Section 16 of the “Money Laundering Act” also be obliged to notify the State Prosecutor for Serious Economic Crime or the Danish Bar and Law Society and pass on the client’s ID information in case of suspicion of the client’s money laundering activities or financing of terrorism.
Finally we are – according to the same Act – obliged to obtain client information in order to achieve clarity on whether the client classifies as a so-called ”Politically Exposed Person”, or whether the client is a near family member or business parter of a Politically Exposed Person, which must be answered in writing by the client in a separate statement (PEP Statement) at start-up of the case.
5. CONFIDENTIALITY
Any information we receive in connection with an assignment will be treated confidentially, unless circumstances indicate that the information is not of a confidential nature. This confidentiality follows from the rules on ethics for attorneys and the Danish Act on Processing of Personal Data.
6. INSURANCE AND LIMITATION OF LIABILITY
Donatzky & Partnere Advokatfirma P/S is liable for the legal advice we provide in accordance with the general rules of Danish law. Our liability for any damage extends only to any direct losses, whereas any consequential losses or any indirect losses, including loss of profit, loss of data or goodwill, are not covered by our liability. The law firm is not liable for advisory services or any other services provided by parties other than us, from whom we have requested assistance with the client’s approval or to whom we have referred the client.
Our attorneys are covered by our liability insurance and guarantee scheme taken out with HDI Danmark (a branch of HDI Global SE, Germany). The liability insurance covers any and all practice of law anywhere in the world.
Donatzky & Partnere Advokatfirma P/S’ liability for advisory services in connection with a case is restricted to a maximum of DKK 25,000,000 per case. The client’s claim for multiple cases may not in total exceed DKK 50,000,000 within the same or the following calendar year
If the client is a business operator, a claim for damages against Donatzky & Partnere Advokatfirma P/S becomes obsolete, 12 months after the client becomes aware of or should have become aware of the circumstances that justifies a claim. Limitation shall, however, occur no later than 3 years after the advisory services on which the claim is based.
The attorneys are subject to the supervisory and disciplinary system of the Danish Bar and Law Society and the rules of professional conduct set out in Section 126 of the Danish Administration of Justice Act. In addition, the rules on ethics for attorneys apply. The rules applying particularly to the practice of law are available at the website of the Danish Bar and Law Society: www.advokatsamfundet.dk.
7. FEES
Pursuant to Section 126(2) of the Danish Administration of Justice Act, an attorney must not charge fees that are higher than what is considered reasonable.
Our fees are set on the basis of a specific assessment, including, among other things, the following elements: Time spent, the specialist knowledge required, the complexity of the case, whether the case required work under severe time pressure, the significance of the case to the client, the responsibility entailed by the case and the outcome of the case.
If requested by the client, we will prepare an estimate of our fees or the criteria for the calculation thereof. Such estimate will be indicative, unless otherwise expressly agreed.
Any dispute relating to the amount of the fee charged by Donatzky & Partnere Advokatfirma P/S and/or discontent with the behaviour of one of our attorneys may be brought before the Disciplinary Board (Advokatnævnet), Kronprinsessegade 28, DK-1306 København K – www.advokatnaevnet.dk.
8. INVOICING AND TERMS OF PAYMENT
Fees for major or long-term assignments are invoiced monthly in arrears, unless otherwise agreed. Fees for small or short-term assignments are invoiced upon completion of the assignment.
The terms of payment are 8 days net to the bank account specified on the invoice. VAT is added to our fee according to the applicable rules. In case of late payment, default interest will be charged in accordance with the Danish Interest Act.
We reserve the right to ask the client for an advance payment if we deem that this is necessitated by the nature of the case or the client’s place of residence.
All client funds entrusted to Donatzky & Partnere Advokatfirma P/S will be managed according to the rules of the Danish Bar and Law Society on the management of client funds. Interest accrued will accrue to the client, and any negative interest will be payable by the client.
We have a client account with Jyske Bank A/S. In case a bank enters into bankruptcy, the depositors will have losses covered under the Danish Act on a Guarantee Fund for Depositors and Investors. The Guarantee Fund covers deposits up to an amount equivalent to EUR 100,000 (approximately DKK 750,000) per depositor. This maximum applies to the total amount held in deposits with the bank even if deposited in different accounts, including client bank accounts and the client’s own accounts. Special rules apply to deposits concerning real property if the real property has been used for or is primarily for non-commercial purposes. Deposits of up to EUR 10 million will be covered for up to 12 months from the date of deposit, regardless of whether the amount is deposited in a separate account. For more information, see the website of the Guarantee Fund: www.gii.dk.
When settling client funds deposited into our main client account, both positive and negative interest will only be credited when 1) a minimum of DKK 50,000 (equivalent to interest) has been deposited in a continuous period of at least 14 days and the interest amount does not exceed DKK 500 or when 2) the deposit is deposited into a separate client account. If the deposit is deposited in a separate client account, the positive/negative interest attributed by the bank, will be settled with the client, regardless of amount, period etc. and the client is charged a fee (currently DKK 750), which the bank charges when creating a separate client account.
9. EXPENSES
The client will be charged separately for any expenses related to the case payable to a third party for any services rendered. Such expenses may include court fees, registration fees, fees, reasonable travel and accommodation expenses, meals and shipping charges. If the attorney handling the case is required to guarantee expenses for an expert opinion – and the client does not have legal expenses insurance or free legal aid – an estimated amount for this purpose will also be charged. Major copying tasks are subject to a separate fee.
10. FILING OF CASE DOCUMENTS
Original documents will be handed over no later than in connection with the completion of the case, and we will file case documents for a minimum of five years from completion of the case.
11. GOVERNING LAW AND JURISDICTION
Any dispute between a client and Donatzky & Partnere Advokatfirma P/S must be settled pursuant to Danish law with the City Court of Copenhagen as venue.
01.11.2023