TERMS OF BUSINESS
1. Firm details
Iacobus Law Firm
Central Business Register (CVR) no.: 46179005
Løgstørgade 2, 1st floor
DK-2100 Østerbro
Denmark
Email: info@iacobuslaw.com
Iacobus Law Firm (“IACOBUS Law”) is a private limited law firm incorporated under
Danish law. Iacobus Law Firm is a registered secondary name of Perregaard Law Firm under the same company registration (CVR) number. The lawyers are admitted to practise by the Danish Ministry of Justice and are members of the Danish Bar and Law Society and subject to its Code of Conduct.
2. Scope
These Terms of Business apply to all engagements undertaken by IACOBUS Law, unless otherwise agreed in writing.
3. Performance of the engagement
IACOBUS Law provides legal advice in accordance with Danish law and the standards of professional conduct applicable to Danish lawyers. IACOBUS Law advises solely on Danish law. By separate agreement, IACOBUS Law may
assist in obtaining advice on foreign law from external lawyers and coordinating such advice, without assuming responsibility for it.
4. Conflicts of interest
Before accepting an engagement, IACOBUS Law checks, in accordance with the rules of the Danish Bar and Law Society, whether there is a conflict of interest that prevents it from
accepting the engagement.
If a conflict of interest arises during the handling of a matter which requires IACOBUS Law to withdraw, IACOBUS Law will, as far as possible, assist with a referral to another lawyer.
5. Identification information and anti-money laundering legislation
Under applicable anti-money laundering legislation, IACOBUS Law is obliged to obtain, verify and retain identification information concerning clients to the extent required by such legislation.
6. Use of advice
Advice provided by IACOBUS Law is tailored to the specific engagement and must therefore not be used for any other purpose without IACOBUS Law’s prior, express written
consent. IACOBUS Law accepts no liability whatsoever for losses arising from the use of its advice for purposes or in a context other than those disclosed to IACOBUS Law when the advice was provided.
IACOBUS Law determines which individuals within the firm are involved in an engagement, so that the work is carried out by the appropriate individuals with the relevant
seniority and the necessary specialist expertise. If IACOBUS Law does not have the specialist expertise required to handle a matter, it may arrange for the work to be carried out by an external adviser or business partner, as set out in clause 7. IACOBUS Law assumes no liability towards third parties.
7. External assistance
IACOBUS Law may involve external advisers and business partners, including lawyers in other jurisdictions, accountants and technical specialists, where relevant to the
performance of the engagement.
The client agrees that confidential information may be shared with such business partners to the extent necessary for the performance of the engagement. The client further agrees that IACOBUS Law may disclose relevant information to the extent necessary for the handling of the matter.
External advisers are regarded as independent advisers, and IACOBUS Law is not liable for their advice unless liability arises under mandatory law.
8. Fees
Fees are determined on the basis of an overall assessment, taking into account the complexity of the matter, the time spent, the value of the matter, the outcome achieved and
the responsibility associated with the engagement.
Upon request, the client will be informed at the outset of the matter of the amount of the fees or the basis on which they are calculated, including hourly rates.
For consumers, the amount of the fees or the basis on which they are calculated will be disclosed before work commences.
9. Invoicing and payment
IACOBUS Law invoices on an ongoing basis, unless otherwise agreed in writing.
Payment is due within 8 days of the invoice date. In the event of late payment, IACOBUS Law is entitled to charge interest and any reminder fees in accordance with the Danish
Interest Act. If the client fails to meet a payment deadline, IACOBUS Law is entitled to suspend ongoing work without notice until payment has been made. IACOBUS Law may
at the same time invoice for work performed on an engagement that has not yet been completed. This applies irrespective of whether IACOBUS Law and the client have agreed a delivery date for the ongoing work.
10. Disbursements and expenses
The client is obliged to pay all disbursements and expenses relating to the matter, including court fees, other fees and the costs of external advisers.
11. Confidentiality
IACOBUS Law is subject to a duty of confidentiality and treats all information as confidential.
12. Processing of personal data
IACOBUS Law processes personal data in accordance with applicable data protection legislation. Please refer to IACOBUS Law’s Privacy Policy.
13. Liability and limitation of liability
IACOBUS Law is liable for the legal advice it provides in accordance with the general rules of Danish law.
IACOBUS Law is not liable for indirect or consequential losses, including business interruption losses, loss of data, compensation payments, loss of profit, contractual
penalties, loss of or damage to goodwill or reputation, etc., irrespective of whether such losses were foreseeable or IACOBUS Law had been informed of the possibility of such
losses.
IACOBUS Law’s aggregate liability is limited to a maximum of DKK 2,500,000 per engagement, unless otherwise agreed in writing. Claims may only be brought against IACOBUS Law and not against its partners or employees.
14. Insurance
IACOBUS Law maintains professional indemnity insurance and has provided a guarantee in accordance with the rules laid down by the Danish Bar and Law Society. The
professional indemnity insurance covers all legal practice activities, irrespective of where they are carried out. The insurance is held with HDI Specialty (a branch of HDI Global
Specialty SE, Germany), Langebrogade 3B, 1411 Copenhagen K, Denmark. The sum insured is up to DKK 2,500,000 per claim per lawyer and per insurance year. A guarantee of DKK 5,000,000 has been provided.
At the outset of each new engagement, the client is encouraged to consider whether greater insurance cover is required or desired and to notify IACOBUS Law immediately. In that event, additional cover will be taken out for the specific matter. The cost will be borne by the client.
15. Force majeure
IACOBUS Law is not liable for any failure to perform its obligations resulting from circumstances beyond the firm’s reasonable control, including, but not limited to,
breakdowns, strikes, illness, action by public authorities, cyberattacks or similar circumstances.
16. Retention of case files
As a general rule, case files are retained for up to 10 years after the conclusion of the matter, unless otherwise required by applicable rules.
17. Termination of the engagement
As a general rule, IACOBUS Law will complete the agreed engagement unless the client requests that it be terminated earlier. IACOBUS Law may, however, terminate its
relationship with the client at any time without notice, always subject to its obligations arising under the Code of Conduct for Danish Lawyers. The engagement agreement between IACOBUS Law and the client remains in force until
terminated by either party. No notice period applies.
18. Complaints
If the client is dissatisfied with the work performed or the fees charged, the client is encouraged to contact the partner responsible for the matter or the partner responsible for
the client relationship.
If the client and IACOBUS Law are unable to reach agreement, the client may refer the matter to the Disciplinary Board of the Danish Bar and Law Society (Advokatnævnet). The Board may consider complaints concerning professional conduct and disputes concerning fees charged by IACOBUS Law.
Contact details for Advokatnævnet:
Kronprinsessegade 28
1306 Copenhagen K, Denmark
E-mail: postkasse@advokatnaevnet.dk
Website: www.advokatnaevnet.dk.
IACOBUS Law is subject to the supervisory and disciplinary system of the Danish Bar and Law Society and to the standards of professional conduct applicable to Danish lawyers under section 126 of the Danish Administration of Justice Act. The Code of Conduct also applies.
The rules specifically governing the practice of law are available on the Danish Bar and Law Society’s website: www.advokatsamfundet.dk.
19. Governing law and jurisdiction
Any dispute between IACOBUS Law and the client shall be governed by Danish law and shall be determined by the Copenhagen City Court at first instance. Certain mandatory
jurisdiction rules apply to consumers, however.
20. Updates to these Terms of Business
IACOBUS Law reserves the right to update these Terms of Business.
The version in force from time to time is available on the firm’s website.
