TERMS OF BUSINESS
- The law firm LEAD Rödl & Partner
The law firm LEAD Rödl & Partner, CVR no. 32321488, provides legal services in close cooperation with the client. The scope of the services may be adjusted at all times. Our terms of business apply to all services and matters that we undertake, unless otherwise agreed in writing.
Information on LEAD Rödl & Partner, which in accordance with section 13 of the ethical rules of the Danish Bar Association needs to be available to the client, can be found on our website, www.lead-roedl.dk.
- Conflict of Interest
Upon receipt of a matter, we will investigate whether there exists a conflict of interest or other reason which prevents us from assisting in the matter. If we are prevented from assisting in the matter, or if we later come in such situation, we will be happy to assist in referring the client to another counsel.
- Client information and money Laundering
LEAD Rödl & Partner is subject to the rules of the Danish Act on Measures to Prevent Money Laundering and Financing of Terrorism. In this regard, we are under an obligation to obtain information concerning our clients, including information on the ultimate beneficial owner of the client.
- Client funds
All client funds are deposited in segregated client accounts with our bank and are held according to the applicable rules. All client accounts are kept in DKK, why foreign currency is exchanged to DKK. All gains or losses in this regard accrue to the client. Interest accrued (positive and negative) accrues to the client pursuant to the applicable rules.
LEAD Rödl & Partner´s fees for legal services are determined on the basis of an overall assessment of the circumstances of the matter. The assessment takes into consideration the time spent on the matter, the scope, complexity and nature of the work, including the level of expertise required, the values and responsibility involved in the matter, the importance of the matter to the client and the results achieved. The partner responsible for the matter ensures that the fee is reasonable.
Upon request we will provide a reasoned estimate of our fee for legal services before any task is undertaken. If it is difficult to provide an estimate, we will inform the client of the criteria upon which the fee will be calculated, such as the hourly rates. We will notify the client if we subsequently expect that the estimate will be exceeded.
Before we undertake any tasks for clients that are considered consumers, we will inform them of the expected fee or the criteria on which our fee is calculated.
All external costs and expenses incurred in connection with the matter are invoiced on a regular basis. External costs and expenses include travelling costs and expenses for accommodation and food, as well as certain photo-copying, translation, telephone or postage and courier costs and expenses.
- Advance payment
We may request advance payment of fees for legal services or disbursements before commencing or continuing any work. Any such amounts are paid into a segregated client account. All accrued interest is credited to the client in accordance with the applicable rules. Advance payments are used to settle fees or disbursements, unless otherwise agreed.
All matters are invoiced on a monthly basis, unless agreed otherwise. Matters of a shorter duration can be invoiced upon completion. Our terms of payment are 8 days from the date of invoice. Foreign clients are granted 14 days from the date of invoice. Default interest will be charged in accordance with the Danish Interest Act. VAT is added to the invoice in accordance with the applicable rules.
As lawyers we are subject to a duty of confidentiality. All information is treated as confidential unless the circumstances dictate otherwise or if we as lawyers are obliged by law to disclose information.
- Insider rules
Partners and employees of LEAD Rödl & Partner are subject to internal rules in accordance with current legislation prohibiting the disclosure of inside information regarding listed companies and restricting trade in listed securities.
- Use of our legal services
LEAD Rödl & Partner’s legal services are exclusively rendered to our client and may not be relied upon by any third party without our consent.
- Completion of our work and our document archives
Original documents are usually handed over no later than on the completion of our work. All other documents relating to the matter are kept on file for five years from the date of invoice.
- Governing law and jurisdiction
Any dispute between a client and LEAD Rödl & Partner shall be settled in accordance with Danish law and may only be brought before the Danish courts in accordance with the Danish Administration of Justice Act.
- Liability and insurance
LEAD Rödl & Partner exclusively advises on Danish law, unless otherwise agreed with the client. We are liable for the advice rendered to our clients according to the general rules of Danish law, and we are insured with a reputable insurance company.
Our liability is limited to the insured sum according to our indemnity insurance for each matter. Information on the insured sum shall be made available to clients, upon request.
Our liability does not include consequential losses, loss of data, loss of profits, goodwill, image or other forms of indirect losses.
LEAD Rödl & Partner is not liable for any errors committed by other advisors or sub-contractors whom LEAD, upon agreement with the client, has asked to assist or to who LEAD Rödl & Partner has referred the client.
LEAD Rödl & Partner is subject to the rules of the Danish Bar Association concerning complaints pertaining to our services and fees.
If a client is not satisfied with our services or fees, the client is urged to contact the responsible partner with a view to reaching an amicable solution.
If an amicable solution cannot be reached, the client has access to filing a complaint with the Danish Bar Association of the following address:
1306 København K
All claims for damages are time-barred within 3 years from the time of provision of the services in question, however if the client is a professional trader, a claim becomes time-barred within 12 months.