Terms of business:
The Terms of Business govern the basis upon which Kønig & Partners Law Firm provides legal services and advice, unless otherwise agreed in writing with the client.
Conflicts of interest rules
According to the Danish Bar and Law Society´s code of legal ethics we make sure that no conflict of interest or conflict of loyalty is present before assisting a client. Should such a conflict arise during the assisting of a client, making it necessary to discontinue our representation of the client, we are happy to recommend a different lawyer.
Preventive anti-money laundering measures
Kønig & Partners Law Firm is - as are all Danish law firms - subject to the Danish Act containing anti-money laundering and anti-terrorism financing measures (lov om forebyggende foranstaltninger mod hvidvaskning af penge og finansiering af terrorisme). Under the Act, Kønig & Partners Law Firm is required to obtain and keep client identification records for five years.
Fee and payment
Fees are based upon several different parameters. Fees are calculated from the time spent, the specialist skills and experience of the lawyers involved, the complexity of the work, the importance of the matter to the client, the monetary values involved, the results achieved and the liability involved in the Engagement. The fees are exclusive relevant costs and disbursements.
It can be difficult to asses a fee at the beginning of an Engagement. At the clients request, we are happy to offer an assessment of the expected size of the fee before the work is commenced. In those cases where an assessment may be difficult to offer, we will inform according to which pa-rameters the fee will be calculated, for example which hourly rates will be used for the Engagement. We will inform the client if, during the carrying of the Engagement, the fee is expected to exceed the given assessment.
To consumers, we will on our own initiative inform of the expected fee or the criteria for calculating the fee before the work is commenced.
As a general rule, we request prepayment/deposit of funds regarding disbursements and external costs - and in some cases prepayment/deposit of funds regarding our fee.
Prepaid or deposited funds are deposited in our client account and may, including any interests, be used for settlement of future invoices and costs, unless otherwise agreed.
Our terms of payment are 14 days from date of invoice. Interests will be calculated after the Overdue Payments Interest Act. The fees are subject to VAT, unless otherwise provided by applicable law.
The client is separately charged for disbursements and relevant costs in connection to the Engagement.
All employees at Kønig & Partners Law Firm are subject to a duty of confidentiality. All information from or concerning a client at Kønig & Partners Law Firm, received during the carrying out of an Engagement will be treated as confidential, unless it is apparent under the circumstances, that the information is not of a confidential nature.
Prohibition against insider dealing
All employees at Kønig & Partners Law Firm are subject to rules that satisfy the requirements of the Danish Securities Trading Act (lov om værdipapirhandel) on prohibition against disclosure of insider information regarding listed companies and on restrictions on trading in listed securities.