Terms of business

1. Introduction

These terms of business apply to any assignment that Tvermoes Advokater ApS, CVR no. 20910747, undertakes, unless otherwise agreed in writing.  

Tvermoes Advokater is organised as a limited liability company and is owned by attorney Klaus Ulrik Tvermoes, who is appointed by the Danish Ministry of Justice and is a member of the Danish Bar and Law Society. In addition to the terms of business, Tvermoes Advokater practises law in accordance with the rules of legal ethics, which can be found at www.advokatsamfundet.dk, and the Code of Judicial Procedure's rules on lawyers.

2. Tasks

When we take on a new assignment for private clients - and by agreement with corporate clients - we prepare a letter of agreement/confirmation. This sets out our understanding of the assignment, what work we expect to perform, which employees will be assigned to the case, the fee rates for the people involved and, if possible, a total fee estimate for the assignment. We estimate the total fee in relation to the expected work assignment. If the assignment changes as we get deeper into the case, we will inform you of the changed assumptions. In ongoing client relationships and in smaller cases where the client has clearly described the assignment, or in urgent cases, this can be deviated from.

3. conflicts of interest

We do not take on cases that involve conflicts of interest between our clients. Before accepting an assignment, we investigate possible conflicts of interest with existing clients. If a conflict of interest arises, we refer the client to another lawyer.

4. Identity information

Like other law firms, Tvermoes Advokater is covered by the Danish Act on Measures to Prevent Money Laundering. We are therefore in some cases obliged to obtain and store identity information on the client.

5. Fees

Lawyers may not charge more for their work than can be considered reasonable. Our fees are determined on the basis of a specific assessment, which takes into account, among other things:

• The time spent
• Who has contributed to solving the task
• Complexity of the task
• Whether the task has required effort under significant time pressure
• The importance of the task to the client
• The responsibility associated with completing the task
• The result achieved.

Our fees are exclusive of relevant costs and expenses. 

It can be difficult to determine a fee when we receive an assignment. Upon request, we are always happy to provide consumers with a reasoned estimate and information about the expected costs and disbursements, and we inform the client as early as possible if it turns out that the total fee is expected to exceed the estimate.

6. Payment

We usually issue an invoice when the assignment is completed. For larger or long-term assignments, the fee is paid monthly in arrears, unless otherwise agreed. 

Payment terms are 8 days from the invoice date and VAT is added according to the applicable rules.

7. Prepayment

We reserve the right to demand advance payment for disbursements and any assignment-related costs to be incurred as part of the case handling, such as reasonable travelling and accommodation expenses, fees, court fees, appraisers, or similar, if the nature of the case in our opinion so requires. In some cases, we will also ask our client to pay a deposit as security for payment of our fees.

8. Client funds

To the extent we receive prepayments or deposits of costs, such payments will be considered client funds to be held in a client account where accrued interest (both positive and negative interest) will accrue/be charged to the client. Client account balances are subject to the general cap of EUR 100,000 (approx. DKK 750,000) stipulated in the Act on a Depositor and Investor Guarantee Scheme for coverage in the event of the financial collapse of the account-holding bank. The coverage limit is calculated for the individual bank per client and includes the client's deposits in their own accounts, in separate client accounts and in joint client accounts. Tvermoes Advokater accepts no liability for a client's loss as a result of the financial collapse of the account-holding bank. 

Tvermoes Advokater has client bank accounts with Nykredit Bank A/S. Our main client account with Nykredit Bank A/S has reg. no. 5470 and account number 2714276.

9. Confidentiality

All information we receive in connection with an assignment is treated as confidential, unless it is clear from the circumstances that it is not of a confidential nature.

10. insider trading

All employees at Tvermoes Advokater are covered by applicable legislation prohibiting the disclosure of inside information about listed companies and restrictions on trading in listed securities.

11 Use of our advice

Our advice is targeted to the specific assignment and may not be used for any other purpose without our express prior consent. Unless otherwise agreed, we are solely liable to the client for the advice provided. 

The client is entitled to use the specific written material that we have prepared for use in a given case, while Tvermoes Advokater holds and retains all copyrights and other intellectual property rights to the material.

12. Storage of cases

Tvermoes Advokater will complete the assignment to its natural conclusion or until the client requests that the case be closed. Original documents are usually handed over at the latest in connection with the completion of the assignment, and we store case files for at least 5 years - and in some cases up to 10 years - from the end of the case. For information about storage, deletion, access to data, etc. please refer to our personal data policy at www.tvermoes-advokater.dk.

13. Choice of law and jurisdiction

Any dispute between the client and us shall be resolved in accordance with Danish law by the competent Danish court.

14 Complaints

On the website of the Bar Association www.advokatsamfundet.dk You can read about the possibilities to complain. In case of a dispute about the fee and/or dissatisfaction with the behaviour of one of our lawyers, you can complain about the amount of the fee and/or behaviour to the Danish Bar and Law Society, Kronprinsessegade 28, 1306 Copenhagen K, or by e-mail: klagesagsafdelingen@advokatsamfundet.dk. Read more at www.advokatnaevnet.dk.

15 Liability and insurance coverage

All lawyers at Tvermoes Advokater are covered by our liability insurance and guarantee scheme, which is taken out with Codan Forsikring. Our liability is in all respects limited to DKK 2.5 million and applies regardless of where the legal practice has been carried out. Our liability does not cover consequential financial losses, including operating losses, loss of data, loss of profits, goodwill, image, etc. or other forms of indirect losses. 

We are not liable for any errors committed by other consultants to whom we have referred the client, nor are we liable for any errors committed by subcontractors to whom we have entrusted parts of the assignment solution by agreement with the client.