STATUTORY REGISTRATION OF ”REAL” OWNERS OF DANISH LEGAL ENTITIES
Real owners are natural persons who ultimately, either directly or indirectly, own or control a “sufficient” part of a business, i.e. people who control a particular portion of the ownership interest or voting rights or who may exercise control by other means.
A sufficient portion of ownership interest or voting rights basically corresponds to the ownership of or control over approximately 25 per cent of the company, nominally or in terms of voting rights.
However, this percentage threshold merely serves as an indication of real ownership.
One can also be considered a real owner despite having ownership interest or voting rights of less than 25 per cent. For example, this may be the case if you own 15 per cent of the capital but, at the same time, have the right to appoint board members or enjoy veto rights.
A specific assessment must be made on a case by case basis. Companies are obligated procure information about the company owners, including their rights, and use the data to establish the identity of the real owners.
The aforementioned requirement enters into force today, on 23rd May 2017. The registration deadline is 1st December 2017.
A company which fails to register its real owners faces dissolution.
DANISH IMPLEMENTATION OF DIRECTIVE 2016/943/EU: PROTECTING YOUR TRADE SECRET
On 9th June 2018, a new Act came into force in Denmark specifically relating to the protection of commercial trade secrets.read more
PRELIMINARY RULING ON CONCEPT OF INSURANCE MEDIATION
On 31 May 2018 the European Court of Justice (ECJ) gave its preliminary ruling on Case C-542/16. The case concerned the interpretation of the concept of insurance mediation with respect to fictitious insurance products and whether investment advice regarding insurance-wrapped financial instruments fell within the scope of the EU Insurance Mediation Directive (2002/92) or the EU Markets in Financial Instruments Directive (2004/39) (MiFID).read more
KOKIO SAUGUMO VERSLE TIKIMĖS ŠIANDIEN?
2018 m. birželio 1 d. įsigaliojo naujasis Komercinių paslapčių teisinės apsaugos įstatymas ir su juo susiję Civilinio kodekso ir Civilinio proceso kodekso pakeitimai. Naujas teisinis reglamentavimas, tikėtina, pakoreguos suformuotą teismų praktiką ir turės įtakos komercinių paslapčių gynybos ypatumams teisme, todėl su juo susipažinti ir tinkamai taikyti turėtų kiekvienas saugumo siekiantis verslas.read more
GLOBAL LEGAL INSIGHTS TO: MERGERS & ACQUISITIONS IN SWEDEN AND NORDIC COUNTRIES 2018
We encourage you to read our publication on The Global Mergers & Acquisitions market in Sweden and Nordic countries in the seventh edition of The Global Legal Insights.read more