Terms of Business of
Avanti Law Firm

The scope of advice is determined through specific agreements and will always comply with applicable laws and the ethical rules set by the Danish Bar and Law Society.

Our fees for each case are based on our time spent, considering the nature, complexity, and significance of the case, as well as the responsibility associated with it and the results achieved. We aim to set fees that are reasonable in relation to our work in the case.

Fees are subject to VAT and do not cover any expenses related to the case, such as travel costs, extensive copying and translation tasks, taxes, and fees of any kind. Expenses are billed in advance when possible; minor expenses may be included in our final billing.

Fees are billed quarterly at the end of each quarter and upon case completion. Payment is due 14 days from the invoice date and should be deposited into the firm’s client account at Sparekassen Kronjylland, reg. no. 6685, account no. 0020592753, IBAN: DK8666850020592753, SWIFT: KRONDK22.

The case concludes when we have provided the agreed-upon legal advice.

The collaboration on the case may be terminated at any time by either party with immediate effect. However, if we decide to terminate, we will, as far as possible, ensure that alternative advice can be sought in a timely manner and without adverse effects.

Liability insurance and guarantees are provided in accordance with the rules of the Danish Bar and Law Society with HDI GLOBAL SPECIALTY SE, Danish branch of HDI Global Specialty SE, Germany, covering advice related to the legal practice, regardless of where it is performed.

Liability does not extend to lost profits, lost time, goodwill losses, or similar indirect losses, and any claim for damages cannot exceed DKK 15 million. Claims can only be made against Avanti Law Firm, not against the owner or any employees.

Further, liability does not cover losses of funds deposited in the firm’s client account at Sparekassen Kronjylland due to the bank’s bankruptcy or similar. Under the Guarantee Fund Act, coverage is limited to €100,000 per client, including any deposits the client may have in their own accounts with the same bank. Avanti Law Firm is not liable for losses beyond this amount.

Additionally, Avanti Law Firm is subject to various obligations related to independence, confidentiality, and liability under Danish law and the ethical guidelines of the Danish Bar and Law Society. Particular attention is drawn to the Danish Code of Conduct, which obliges Avanti Law Firm to follow guidelines to avoid conflicts of interest and comply with the Anti-Money Laundering Act. In certain transactions, Avanti Law Firm is required to identify its clients and, if they are companies or other legal entities, identify the underlying beneficial owners, assess the risks for each assignment, and store copies of photo IDs and other relevant personal information for five years. Avanti Law Firm may share this information with Sparekassen Kronjylland in connection with client deposits in the firm’s client account if required by the bank, report clients to the State Prosecutor for Serious Economic and International Crime (SØIK) in case of suspected money laundering or financing of terrorism, and delete this information after five years.

The Danish Bar and Law Society, a statutory institution with statutes approved by the Minister of Justice, supervises all Danish lawyers and has established the Disciplinary Board, an independent body with the authority to decide on both conduct and fee complaints concerning Avanti Law Firm lawyers. The Danish Bar and Law Society and the Disciplinary Board are located at Kronprinsessegade 28, 1306 Copenhagen K. Further information on Avanti Law Firm’s obligations and complaints procedures can be found at www.advokatsamfundet.dk.

Any disputes are handled under Danish law, with the Court of Hillerød as the agreed venue.