JD Supra Denmark

Publisher:
JD Supra
Publication date:
2019-04-29

Publisher

Latest documents

  • Establishing A Business Entity In Denmark (Updated)

    1 TYPES OF BUSINESS ENTITIES - There are several forms of business entities in Denmark and there are a wide range of possibilities for establishing a business entity in Denmark. The most suitable entity depends on a variety of factors, such as nature of the business, the expected activity level, the extent of liability and tax matters. The following will review different possibilities of establishing business entities in Denmark. 1.1 Limited Companies - The limited companies are characterised by the shareholders liability is limited to the capital invested in the company. The shareholders will not be liable for the obligations of the limited company. The shares in the Public Limited Company (Aktieselskab – A/S) may be offered to the public. It is only the Public Limited Company which can be listed on a regular or alternative market. The Public Limited Company is also the most regulated entity in Denmark. The nominally share capital in the Public Limited Company must be at least 400,000 DKK and the nominally share capital in the Private Limited Company (Anpartsselskab - ApS) must be at least 40,000 DKK. The Private Limited Company is quite similar to the Public Limited Company, but it is less regulated, and the company cannot be listed on a regular or alternative market. The limited companies are the most common entities for foreign investors. Please see full Chapter below for more information.

  • Data Transfers from Europe: New Draft SCCs Published and Regulator Guidance Issued on Schrems II Privacy Shield Decision

    The EDPB has issued recommendations concerning how organisations may lawfully transfer personal data from Europe to “third countries” (e.g., the U.S. and currently the UK from 1.1.2021) in light of the recent Schrems II judgment. The European Commission has also now finally released new draft SCCs bringing them up to date with the EU General Data Protection Regulation (GDPR). Since the Schrems II decision, businesses have been in a quandary as to what to do regarding international data transfers.

  • 2020 Global Cannabis Guide Chapters - Denmark

    A. Is there any pending legislation that could materially alter applicable statutes or regulations? On January 1, 2018, a four-year medicinal cannabis pilot program (the Programme) was introduced. The Programme is governed by the Danish Act no. 1668/2017 on the Medicinal Cannabis Pilot Programme, as amended (the Act). Parallel to the Programme, a four-year development scheme was also introduced.

  • Supreme Court of Denmark Holds Employer Cannot Set Off Sickness Benefits Reimbursement Against Worker’s Salary

    The Supreme Court of Denmark has decided a case in which an employer was unable to claim a refund of sickness benefits from the municipality because the employee had failed to complete forms required by the municipality.

  • High Court of Denmark Rules on Compensation for Loss of Commission During Holidays

    The Maritime and Commercial High Court in Denmark ruled on the approach that employers can take when calculating compensation for loss of commission during holiday.

  • Implementing China’s New Foreign Investment Law, Part One: Reporting Requirements

    The first installment of a series of alerts focusing on practical issues relating to China’s new Foreign Investment Law. The law institutes new reporting requirements for foreign investors.

  • DENMARK: Salary Compensation Scheme and Alternatives to Dismissals in Light of COVID-19

    On March 14, 2020, the Danish Government and the social partners reached an agreement on partial salary compensation for Danish companies, which are or will be temporarily releasing their employees from work with full pay (the “Salary Compensation Scheme”).

  • Danish Data Authority Issues Guidance On COVID-19 Data Disclosure

    Danish Data Protection Authority Datatilsynet weighs in on the Coronavirus and GDPR: What an employer can ask the employee to disclose and what the employee is obliged to disclose are issues that are governed by employment law rules and any public law rules on health, etc...

  • Littler Global Guide - Denmark - Q4 2019

    A Case of Double Discrimination - Precedential Decision by Judiciary or Regulatory Agency - A Danish district court has confirmed that the dismissal of a female wheelchair user who had just returned from maternity leave contravened both the Anti-Discrimination Act and the Act on Equal Treatment of Men and Women.

  • Establishing A Business Entity In Denmark (Updated)

    1. TYPES OF BUSINESS ENTITIES - There are several forms of business entities in Denmark and there are a wide range of possibilities for establishing a business entity in Denmark. The most suitable entity depends on a variety of factors, such as the nature of the business, the expected activity level, the extent of liability, and tax matters. The following will review different possibilities of establishing business entities in Denmark.... Please see full Chapter below for more information.

Featured documents

  • Global Employee Equity at a glance: Denmark

    Stock Option Plans: Employment - Labor Concerns - The Danish Stock Option Act (the "Act") generally allows an employee whose employment is terminated by the Subsidiary for any reason other than misconduct to retain all rights to Options, whether vested or unvested. Where an employee...

  • Littler Global Guide - Denmark - Q2 2019

    Amendments to Concept of Industrial Accidents to Cover “Temporary” Injuries - New Legislation Enacted - The Danish Parliament recently amended the Danish Workers’ Compensation Act for the purpose of, among other things, easing the requirements for when an injury can be recognized as an...

  • 2020 Global Cannabis Guide Chapters - Denmark

    A. Is there any pending legislation that could materially alter applicable statutes or regulations? On January 1, 2018, a four-year medicinal cannabis pilot program (the Programme) was introduced. The Programme is governed by the Danish Act no. 1668/2017 on the Medicinal Cannabis Pilot Programme,...

  • Removal and Challenges to Red Notices: When NCB's Get It Right

    As much as we may complain about some NCB's (National Central Bureaus) behaving improperly with respect to their INTERPOL duties, it's always nice to hear that others handle their responsibilities properly. A few months ago, I spoke with a subject of a Red Notice from Denmark who had agreed to ...

  • Results of Danish Infliximab Biosimilar Switching Study Published

    Researchers in Denmark recently published a report from an observational study of 802 Danish patients who switched from Remicade to the biosimilar infliximab product Remsima for the treatment of rheumatoid arthritis, psoriatic arthritis, and axial spondyloarthritis. In May 2015, Denmark implemented ...

  • Danish DPA Issues Guidelines For Transmitting Personal Data Via SMS

    The Danish Data Protection Authority has issued guidance on the transmission of personal data via text messages (SMS). Key takeaways: Sending personal data by SMS is risky as it entails transmission in clear text, over networks over which the data controller has no control....

  • Data Transfers from Europe: New Draft SCCs Published and Regulator Guidance Issued on Schrems II Privacy Shield Decision

    The EDPB has issued recommendations concerning how organisations may lawfully transfer personal data from Europe to “third countries” (e.g., the U.S. and currently the UK from 1.1.2021) in light of the recent Schrems II judgment. The European Commission has also now finally released new draft SCCs...

  • Denmark Order on Nano Products Register Enters Into Force

    On June 18, 2014, Denmark’s order concerning a nano products register entered into force. The order imposes annual reporting requirements on manufacturers and importers concerning mixtures and products containing nanomaterials....

  • Denmark Implements Email Encryption Requirement, What Countries Will Follow?

    On July 23, 2018, Denmark’s data protection agency announced that companies must encrypt all emails transmitting sensitive personal data. This new rule goes into effect January 1, 2019, giving companies that do business in or with Denmark approximately five months to implement encryption...

  • Nordic Council of Ministers Publishes Report on Applicability of GHS Classification Criteria to Nanomaterials

    In May 2019, the Nordic Council of Ministers published a working paper entitled The applicability of the GHS classification criteria to nanomaterials. The goal of the project was to review the applicability of the Globally Harmonized System of Classification and Labeling of Chemicals (GHS) to...

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