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Legal market overview
The Danish landscape is dominated by Bech-Bruun, Gorrissen Federspiel, Kromann Reumert and Plesner, which stand out for their size, breadth of specialisms and ability to attract the largest mandates. There are also a number of well-regarded boutique firms, such as Birch Windahl, Hafnia Law Firm and Norrbom Vinding, as well as Poul Schmith Law Firm, which acts for the Danish government and authorities. Law firms such as Magnusson Advokatfirma and Bird & Bird are established foreign players in the market.
Nordic regional player Hannes Snellman closed its Copenhagen office in June 2014. MAQS Law Firm in Denmark was renamed as Njord Law Firm and continued its Nordic strategy together with the Estonian, Latvian and Lithuanian offices.
Steady economic growth in Denmark has been accompanied by a decrease in insolvencies and an uptick in M&A, particularly deals driven by private equity houses and pension funds.
Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
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Since introduced into Danish Law with effect of 1 January 2008 the Danish judicial system has gained its first important experiences with class action as a way of handling disputes with multiple similar claims. At Lundsgaard & Partnere... Don't bank on it
Partner Søren Stenderup Jensen and Assistant Attorney Sebina Harder have written the article "Water plans and buffer strips: reducing emissions into watercourses", which has been published in the current edition of International Law Office (ILO).
Legal Consultant Casper Bjerregaard Eskildsen has published the article "Insourcing and Outsourcing in a VAT Context" in the latest issue of Intertax.
Partner Søren Stenderup Jensen and Senior Attorney Ellen Skodborggaard have contributed the article "Monster Rain: Further advice on how to avoid damage from flooding" to the latest issue of International Law Office (ILO).
The latest issue of the International Law Office (ILO) newsletter on environmental law includes the article "Agency introduces guidelines on low frequency noise from wind turbines" by Søren Stenderup Jensen and Sebina Harder .
Health and safety at work The amendments to the Danish Anti-Smoking Act recently entered into force, and workplace smoking policies may therefore need to be amended.
Discrimination - Equal Treatment Act The question of whether EU law entitles an employee under notice to receive pay during the notice period if this period coincides with a period of unpaid parental leave will be considered by the Danish Supreme Court.
Discrimination - Equal Treatment Act Supreme Court ruling on compensation under the Part-Time Employment Act A dental assistant who was dismissed after refusing to work full time was awarded 3 months’ pay by the Danish Supreme Court.
Discrimination - Equal Treatment Act The Danish Supreme Court refuses to refer the issue of lower pay and termination due to age of under-18s to the EU Court. Age discrimination is prohibited by the Danish Anti-Discrimination Act and the Employment Equality Directive. In Denmark, however, this general principle is subject to the derogation that employers are permitted to pay under-18s less than adults and to terminate their employment once they turn 18, so long as the employer is comprised by a collective agreement containing specific provisions on under-18s in relation to recruitment, payment and termination.
Holiday The EU Court recently ruled that employees who fall sick during holiday are entitled to replacement holiday.
VEGAS LEX is expanding cooperation with Russian book-publishing businesses. Its new client is a major and greatly respected publisher of educational material, Prosveshcheniye.
On April 27, 2015, VEGAS LEX was recognized in two new categories of Chambers Europe 2015, and a number of VL professionals were recognized on the world level.
On May 12-15, 2015, the Public-Private Partnership Development Institute organized a professional development program for Rostelecom staff on PPP projects. VEGAS LEX experts were invited to speak at training sessions.
Andreas Neocleous & Co LLC advised and assisted KKCG Group with its recent acquisition of an additioAndreas Neocleous & Co LLC advised and assisted KKCG Group with its recent acquisition of an additional 22.35% stake in the investment fund Emma Delta, which owns a 33% interest in the Greek lottery group OPAP. Following the completion of this transaction, KKCG will be the largest investor in Emma Delta, and will hold an effective stake of almost 14.8% in OPAP.
On Thursday, 26 March 2015, the French Competition Authority made a ruling (15-D-04) in a case involving an agreement between millers on a double concerted increase in the price of flour sold in bakeries in 2007. Of the twenty companies implicated at the end of the investigation, only three were ultimately penalised. CMS Bureau Francis Lefebvre represented the interests of Moulin de Sauret.- CMS
Igor Chumachenko,VEGAS LEX Partner and Head of the Real Estate, Land & Construction Practice, has spoken at a conference during the REX forum that focused on the legal and economic risks for developers.
Zavadetskyi Advocates represented the Ukrainian subsidiary of AXA Insurance in criminal investigations of USD 9 million and USD 1.2 million damage events with the insured assets in the war zone in Eastern Ukraine. Within the investigation procedures advocates of the bureau proved that the events are to be qualified as excluded from the insurance coverage. Following the investigations Zavadetskyi Advocates proceeded with representing the client in the ensuing commercial litigation.
The participants of the Korporativny Yurist magazine’s webinar discussed the structure of contractual relationships and dispute resolution practices in construction with VEGAS LEX expert Nikolay Andrianov.
SK Capital Partners, a US-based private investment firm with focus on the specialty materials, chemicals and healthcare sectors, has acquired a controlling interest in AEB Group, a global leader in wine ingredients with growing positions in beer ingredients and food detergents. Headquartered in Brescia, Italy, AEB Group operates a network of production facilities and laboratories throughout Europe and the Americas.
Valora has signed an agreement to sell Valora Warenlogistik AG to 7Days Media Services GmbH. Valora Warenlogistik includes Valora's activities in the warehouse and transport logistics sector in the German and Italian speaking part of Switzerland. The transaction is subject to approval by the competent merger control authorities.