Challenges and requirements
Large sections of Danish industry are owned by funds. The financial crisis has lead to an increased focus on funds, particularly legal matters relating to mutual savings bank funds. This has resulted in more stringent fund authority practice and has, moreover, lead to calls for a stricter legal framework for funds from politicians.
Funds and independent institutions are subject to specific public supervision, which gives rise to distinct challenges. Such entities typically require legal assistance in connection with contact to fund or other supervisory authorities.
How we can help
We have long-standing experience in advising commercial and non-profit funds, as well as independent institutions and associations.
Moreover, we have established an interdisciplinary team for funds and associations, which enables us to deliver effective, flexible and high quality advice on all aspects of concern to such entities.
We advise funds and independent institutions with respect to contact to fund or other supervisory authorities in connection with supervisory matters, as well as cases concerning the founding of such entities, changes to articles of association, drafting of rules of procedure for boards of directors and supervisory cases before fund authorities.
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- Founding of funds/associations
- Choice of form of organisation
- Board of directors' duties
- Issues concerning specific types of funds, e.g. employee funds, mutual savings bank funds and public funds
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- Rules concerning the capital of funds
- Distribution issues
- Dissolution and merger of funds
- Changes to articles of association and extraordinary dispositions
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