_JPG.jpg){kind=logo}
FINANCIAL ASSISTANCE
Financial Assistance Regulation in Denmark
As of 1 February 2020, Denmark has amended the parent company order concerning up-stream loans to foreign parent companies to adjust for the departure of the United Kingdom from the European Union in connection with Danish subsidiaries’ upstream loans and guarantees.
SECURITISATION LAW
An Overview of Securitisation Law in Denmark
This practice note provides an overview of of main legal and regulatory environment relating to securitisation law in Denmark and the Danish securitisation market when structuring securitisation and structured debt transaction involving Denmark or Danish assets.
BILLS OF EXCHANGE LAW
Carsted Rosenberg has prepared a brief introduction to the main aspects of the treatment of bills of exchange under Danish law to provide our clients with an overview of some of the the main issues when structuring the financing of international trade transactions involving Denmark.
A Brief Introduction to the Treatment of Bills of Exchange under Danish Law
DANISH MORTGAGE SYSTEM
The Danish Mortgage System in a Capital Markets Perspective
Denmark has one of the oldest and most unique mortgage systems in the world. The financing of real estate, whether commercial, agricultural or residential, is conducted by tapping directly into the capital markets. Uniquely, each mortgage has its own ISIN number and can be repurchased from the open market by the obligor. For more information on the intricacies of the Danish mortgage system and how it interacts with the capital markets, please consult our client briefing.
BANKING
REGULATION
Comparative Guide on Banking Regulation in Denmark
Our comparative guide on banking regulation provides an easy overview of key points in law and practice in Denmark (Carsted Rosenberg), Germany (Squire Patton Boggs), Switzerland (Mercury Compliance), Luxembourg (Loyens & Loeff), United Kingdom (1 Crown Office Row), Ireland (Dillon Eustace) and the United States of America (Linklaters).
ACQUISITION
FINANCE
Guide to the Legal Aspects of Acquisition and Leveraged Finance Transactions in Denmark
Our guide to acquisition and leveraged finance transactions in Denmark adresses the specific legal and regulatory domestic issues affecting cross-border acquisition and leveraged finance documentation with a Danish element or regulated by Danish law.
VENTURE DEBT
GUIDE
The Borrower's Guide to Venture Debt in Denmark for early stage companies.
Our guide to venture debt for borrowers adresses the specific legal and commercial terma and provisions normally found in venture debt credit facilities to assist borrowers in navigating early stage financings.
MAC CLAUSES IN LOAN AGREEMENTS
A Practical Guide to the Application of MAC Clauses in Loan Agreements under Danish Law.
A material adverse change clause (commonly referred to as a MAC clause, and sometimes as an MAE clause) is a contractual provision that entitles a lender to accelerate a loan, or to refuse further drawdowns, if an event occurs that has a material adverse effect on the borrower or its financial condition. This guide provides a practical overview of how MAC clauses operate in loan agreements, with particular reference to Danish law.