The following General Terms and Conditions apply to all assignments undertaken by CORE Law Firm, unless otherwise agreed upon with the client.

CONFLICTS OF INTEREST

Prior to undertaking any work for a client, CORE Law Firm will carefully examine whether the requested assignment gives rise to any conflicts of interest which could result in CORE Law Firm being precluded from representing the client.

CONFIDENTIALITY

All information received by CORE Law Firm is subject to a duty of confidentiality. Such duty of confidentiality also applies after completion of the relevant assignment. The duty of confidentiality applies subject to applicable law, including but not limited to applicable anti-money laundering rules

FEES

CORE Law Firm’s fees are calculated on the basis of the use of resources (time and knowledge) and on the value added by the services and advice rendered. It is an overall assessment taking into consideration e.g. the following elements: (i) time spent, (ii) specialist skills and the complexity of the work, (iii) whether the assignment has required work under considerable time pressure or outside normal business hours, (iv) the client’s interest in the assignment, (v) the liability involved in the assignment and the results achieved. The fees are subject to VAT, unless otherwise provided by applicable law.

Terms of payment is 14 days. Interest may be charged following late payment as set out in the Danish Interest rates Act (“renteloven”).

EXPENSES/DISBURSEMENTS

CORE Law Firm is not under an obligation to make disbursements on behalf of clients. Expenses incurred in connection with work undertaken will be charged to the client.

DURATION OF THE WORK

Both the client and CORE Law Firm may terminate the business relationship at any time. Termination by CORE Law Firm will take place in accordance with the Code of Conduct stipulating that an attorney may not resign from a case in such way and in such circumstances that the client is precluded from seeking other legal assistance in due time and without adverse effects.

COMMUNICATION

CORE LAW FIRM does not warrant that confidentiality is maintained when communicating externally, including by way of e-mail or fax.

LIMITATION OF LIABILITY

CORE Law Firm is liable for damages in accordance with the general rules of Danish law for any loss that our clients may suffer as a result of our services. CORE Law Firm is not liable for any loss on operations, loss of time, loss of data, profits, goodwill or any indirect or consequential loss.

Furthermore, the following specific limitations apply:

A. CORE Law Firm’s liability is in any event limited at an amount equal to ten (10) times the fee charged for the matter giving rise to a claim, however in no event exceeding DKK 1,000,000.
B. The client may only raise claims against CORE Law Firm and not individual lawyers or partners.

As Danish lawyers, CORE Law Firm advises exclusively on Danish law. If the assignment involves foreign law, CORE Law Firm recommends that local lawyers be engaged by the client. Any involvement of CORE Law Firm in such non-Danish legal matters related to the assignment shall not be considered to be legal advice on non-Danish legal matters.

All amounts paid into CORE Law Firm’s client accounts will be deposited in client bank accounts with a Danish bank at the client’s risk and expense. CORE Law Firm does not accept any liability for amounts paid into CORE Law Firm’s client bank accounts in the event that the relevant bank becomes insolvent. Consequently, CORE Law Firm cannot be held liable if a bank is unable to repay any amount deposited in our client bank accounts.

ARCHIVE

All case files are kept for three years after completion of the assignment, and subsequent hereto, the files are destroyed.

APPLICABLE LAW AND COMPLAINTS

In case of complaint over the services performed by CORE Law Firm, the client is requested to contact the responsible partner. CORE Law Firm is subject to the Code of Conduct laid down by the Danish Bar and Law Society. The Code of Conduct is available at www.advokatsamfundet.dk. It is possible for the client to file a complaint in relation to our services and the fee charged with the General Council of the Danish Bar and Law Society/the Secretariat of the Disciplinary Board of the Danish Bar and Law Society, Kronprinsessegade 28, 1306 Copenhagen K, e-mail: klagesagsafdelingen@advokatsamfundet, www.advokatsamfundet.dk/Advokatnaevnet.aspx.

Client information in accordance with section 13 of the Code of Conduct is available on CORE Law Firm’s webpage www.corelaw.com.

CHOICE OF LAW AND JURISDICTION

Any dispute in relation to assignments performed by CORE Law Firm is subject to Danish law and the exclusive jurisdiction of the Danish courts.