Terms of business
1.
Scope of application
1.1.
These terms and conditions apply to all assignments entrusted to Sandroos Advokatfirma (CVR no. 32641563) ("SAAF").
2.
Case reception
2.1.
Based on the prospective client's information, SAAF investigates whether there is a conflict of interest and/or disqualification before the collaboration begins.
3.
Execution of the task
3.1.
SAAF only advises on Danish law. If there is a need for advice on foreign law, the client must engage local lawyers.
3.2.
The client and SAAF regularly agree on the legal assistance and scope of each assignment and the involvement and services of the client and others.
3.3.
All tasks are performed in accordance with the rules of professional conduct adopted by the Danish Bar and Law Society, the rules of the Danish Administration of Justice Act on lawyers and other relevant legislation. All lawyers at SAAF are appointed by the Ministry of Justice and are members of the Danish Bar and Law Society.
3.4.
The advice is provided solely for the specifically agreed purpose and may not be used for other purposes or by anyone other than the client. SAAF is solely responsible to the client.
3.5.
The client receives all necessary usage rights to use our work results on the case, with all other intellectual property rights, including copyrights, remaining with SAAF.
3.6.
The assignment can be terminated at any time by the client as well as SAAF. SAAF's termination must, however, be done with respect for the rules of legal ethics.
4.
Communication, archiving etc.
4.1.
Written communication, including the exchange of documents, will generally take place electronically via e-mail, digital mail or similar, unless otherwise agreed or circumstances dictate non-electronic communication.
4.2.
Non-electronic correspondence and documents will generally be scanned and stored electronically by SAAF. The paper document in question will subsequently be destroyed unless otherwise agreed. Original documents, which according to a separate agreement are not to be destroyed, will be returned after further agreement with the client, but no later than at the conclusion of the case.
4.3.
Original documents that are not to be destroyed according to a separate agreement will be returned after further agreement with the client, but no later than at the conclusion of the case.
4.4.
Case documents will be stored electronically for up to 5 years after our last invoice in the case.
5.
Fees, expenses and invoicing
5.1.
SAAF determines the fee based on an overall assessment that includes the registered time and resource consumption, including the performance of statutory tasks in relation to e.g. money laundering, client knowledge etc., the value we have created for the client, the special skills that have been required on the case, the complexity of the case and financial value for the client, our responsibility, the time and otherwise the required speed.
The fee is subject to VAT in accordance with applicable legislation.
The following hourly rates are included in the determination of fees, whereby the hourly rate within the following ranges is determined according to the type of case and the specific circumstances, see also above:
- The partners' hourly rates are DKK 3,200 - 4,600 per hour excluding VAT (DKK 4,000 - 5,750 including VAT).
- Lawyers' hourly rates are 2,500 - 3,000 per hour excluding VAT (DKK 3,125 - 3,750 including VAT)
5.2.
Applicable hourly rates may be adjusted in writing by SAAF before the end of November with effect from the following January 1.
5.3.
The client will be invoiced for expenses incurred, including expenses for shipping, copying, printing, translations, etc., reasonable travel and accommodation expenses, other expenses and taxes.
5.4.
Cases are generally settled monthly, unless otherwise agreed or otherwise required by the nature of the case. Final settlement will always take place in connection with the conclusion of the case.
5.5.
Invoices from SAAF must be paid within 8 days of the invoice date. Payment shall be made by transfer from a bank account belonging to the client to the bank account stated in the invoice. In the event of late payment, interest and fees may be charged in accordance with the Interest Act. In the event of non-payment or late payment, SAAF may choose to withdraw from the case and other cases we may assist the client with.
6.
Deposit, client funds and deposit guarantee
6.1.
SAAF may request a deposit for fees and disbursements at the commencement of the work and/or other time.
6.2.
Client funds are subject to the general rules on depositor guarantees applicable at any given time, according to which only amounts up to the equivalent of EUR 100,000 per depositor are generally secured in the event of the bank's reconstruction or bankruptcy. If the client has additional deposits with the same bank, the €100,000 limit applies to the accounts as a whole. Neither SAAF nor the individual lawyer bears the risk of the funds in the event of the bank's reconstruction or bankruptcy.
7.
The Money Laundering Act and personal data
7.1.
As a law firm, SAAF is subject to the Danish Anti-Money Laundering Act and is obliged to obtain and store identity information about any client. The client must therefore provide such relevant identity information upon request.
7.2.
We process a number of personal data about our clients, parties, etc. to answer inquiries and deliver our services. Our privacy policy is available on our website here.
8.
Confidentiality, client reference etc.
8.1.
All employees at SAAF are subject to a duty of confidentiality and applicable rules prohibiting the disclosure of inside information about listed companies and restrictions on trading in listed securities.
8.2.
All confidential information received will be treated confidentially unless it appears from the circumstances that the information is not of a confidential nature and/or the information is already in the public domain or is required to be disclosed under applicable law.
8.3.
SAAF is entitled to provide the client as a reference in connection with its marketing and to disclose the client's contact details to international rating agencies.
9.
Limitation of liability, liability insurance and warranty
9.1.
SAAF has taken out liability insurance with HDI Global Specialty SE, Denmark. Under the same policy, SAAF has provided a guarantee in accordance with the rules laid down by the Danish Bar and Law Society.
9.2.
SAAF's liability is limited to a maximum of DKK 5,000,000. The total compensation that one client is entitled to receive in relation to claims raised or increased in a calendar year cannot exceed DKK 5,000,000.
9.3.
SAAF is not liable for any operating loss, loss of turnover, profit, business opportunities, data, financial consequential loss, deterioration of goodwill/image and the like or any kind of consequential or indirect loss.
9.4.
SAAF is not liable for errors committed by subcontractors to whom SAAF, in agreement with the client, has fully or partially entrusted the performance of the assignment, or for errors committed by advisors to whom SAAF has referred the client.
9.5.
SAAF's liability is limited to 3 years from our completion of the assignment. The time is calculated from the date of the last settlement or final settlement of the case in question.
10.
Choice of law and dispute resolution
10.1.
This agreement is governed by Danish law. Any dispute shall be settled by the ordinary Danish courts.
10.2.
Complaints about our fees or conduct may be brought before the Danish legal complaint board, having its address at Kronprinsessegade 28, 4th floor, DK-1306 Copenhagen K (website: www.advokatnaevnet.dk).
SAAF, August 1, 2025
