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

  • A REVIEW OF THE DANISH RULES CONCERNING SPAM

    In Denmark, certain rules must be observed, if a company wants to turn to customers by electronic means to promote or to sell products and services. Basically, the company must have the customers consent before the company can send out marketing. If there is no consent marketing through...

  • Descendants of Danish well-known scientist could not prevent the use of his name by a large Danish based stated-owned energy company

    The descendants of a well-known Danish scientist could not prevent the commercial use of the name ØRSTED as a trademark, domain and company name by the Ørsted Group (former Dong Energy A/S)....

  • 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....

  • Nanodatabase Adds 3,000th Product

    The Nanodatabase, developed by the Technical University of Denmark Department of Environmental Engineering (DTU Environment), the Danish Ecological Council, and the Danish Consumer Council, announced on April 4, 2017, that it added product number 3,000. According to The Nanodatabase, most products ...

  • Furniture Store Fined Under GDPR For Failing To Delete Personal Data

    If you retain personal data indefinitely, or have not given thought to your retention schedule – now may be the time to take another look. The Danish Data Protection Authority has fined a furniture store 200,000 EUR for failure to delete personal data, not having a data retention schedule and...

  • 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....

  • 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 ...

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