Terms and conditions
When we accept a new assignment, we draft a letter of engagement. The letter of engagement establishes our understanding of the assignment, the work we expect to carry out, which partner and other employees will be working on the case, the fee rates for the persons concerned and if possible at total fee estimate for the assignment. We estimate the total fee in relation to the expected job assignment. If the job assignment changes as we get deeper into the case, we will inform you about the changed assumptions. In ongoing customer relationships and minor cases, where the client has unambiguously described the task, or in urgent matters, we may derogate from the above principle.
Conflicts of interest
We do not accept cases that involve conflicts of interest among our clients. Before we accept an assignment, we examine whether possible conflicts of interest may exist with existing clients. Should a conflict of interest arise, we will refer you to another attorney.
SIRIUS advokater shares offices with PEDERSTED law firm, Dampfærgevej 10, 2nd floor, DK-2100 Copenhagen, Denmark.
Being a law firm, SIRIUS advokater is subject to the Danish Act on Measures to Prevent Money Laundering. Therefore, we have a duty to obtain and file identity information about our clients.
Attorneys may not charge a fee for their work that is higher than what can be considered reasonable. Our fee is fixed on the basis of a specific assessment, which includes consideration for:
- time spent,
- who participated in performing the assignment,
- the complexity of the case,
- whether the assignment necessitated action under considerable time pressure,
- the importance of the case to you,
- the liability involved in the case, and
- the outcome achieved.
Our fee is exclusive of relevant costs and expenses.
The following hourly rates are included in the determination of the fee:
- The hourly rates of the partners are DKK 3,150-3,700 per hour excluding VAT (3,938-4,625 including VAT).
- Attorneys are paid DKK 2,000-2,850 per hour excluding VAT (2,500-3,563 including VAT).
- Assistant attorneys are paid DKK 1,400-1700 per hour (1,759-2,125 including VAT).
Within the above span, the hourly rate is fixed according to seniority, type of case and the specific circumstances of the case. The hourly rates are adjusted annually and without notice and apply from the time of adjustment until the next adjustment. The current hourly rates are always available on our website.
It can be difficult to set a fixed fee when we accept an assignment. On request – and always in respect of consumers – we are happy to give a reasoned estimate and information about the expected costs and expenses. Likewise, we will inform the client as early as possible if it turns out that the total fee is expected to exceed the estimate.
Usually, we issue an invoice when the assignment has been completed. In case of major or long-term assignments, the fee is calculated monthly in arrears, unless otherwise agreed.
The terms of payment are 14 days from the date of invoice, and VAT is added according to current rules.
On our request, the client is obliged to pay a deposit to cover our expected fee as well as out-of-pocket expenses and any costs related to the assignment.
Insofar as we receive prepayment or deposit of costs, such payments will be considered client funds that must be deposited in a client account, where any interest (both positive and negative interest) accrues to the client. Credit balances in client accounts are covered by the general ceiling of EUR 100,000 (approximately DKK 750,000), which has been laid down in the Danish Act on a Depositor and Investor Guarantee Scheme in case of the collapse of the account-holding bank. The ceiling is calculated for the individual bank per client and includes the client’s credit balances in own accounts, in separate client accounts and in client omnibus accounts. SIRIUS advokater assumes no liability for a client’s loss as a result of the financial collapse of the account-holding bank.
SIRIUS advokater holds client bank accounts with Danske Bank.
Confidentiality and marketing
All information that we receive in connection with an assignment is treated as confidential, unless the circumstances show that it is not of a confidential nature.
SIRIUS advokater is entitled to state the client as reference in connection with our marketing. Moreover, SIRIUS advokater is entitled to disclose the client’s contact data to the international rating agencies, Legal 500 and Chambers, with a view to obtaining ratings with these agencies.
All employees at SIRIUS advokater are subject to current legislation prohibiting disclosure of inside information about listed companies and restricting trade in listed securities.
Use of our advice
Our advice is targeted at the specific assignment and must not be used for other purposes without our express acceptance in advance. Unless otherwise agreed, we are responsible to the client only for the advice given.
The client is entitled to use the specific written material prepared by us for use in a given case, while SIRIUS advokater has and maintains all copyrights and other intellectual property rights in the material.
Storing of cases and data protection
SIRIUS advokater follows through the assignment to its natural completion or until the client requests that the case be closed. Normally, original documents are handed over in connection with the closure of the assignment at the latest, and we keep case documents for at least five years from the date of invoice. For information about storage, deletion, access to data, etc., we refer to our personal data policy on our website.
As part of our performance of the assignment, we may process personal data where we are data controllers. As data controllers we must provide the data subjects with certain information about our processing of personal data. This information is available on our website.
Please read the information at https://www.siriusadvokater.com/privatlivspolitik?lang=en.
Governing law and legal venue
Any dispute with a client must be settled in accordance with Danish law in the competent Danish court, the Copenhagen City Court being agreed as legal venue for the case in the first instance.
You can read about the possibilities for filing complaints on the website of the Danish Bar and Law Society. In case of a dispute about the fee and/or dissatisfaction with the conduct of one of our attorneys, you may file a complaint about the amount of the fee and/or conduct with the Disciplinary Board of the Danish Bar and Law Society, Kronprinsessegade 28, DK-1306 Copenhagen K, or by email: email@example.com. Read more at www.advokatnaevnet.dk.
Liability and insurance cover
All attorneys at SIRIUS advokater are covered by our liability insurance and guarantee scheme, which has been taken out with HDI Global Specialty Danmark, danish branch of HDI Global Specialty SE, Germany. The maximum insurance cover for general commercial liability is DKK 15 million per attorney per year and a total of DKK 150 million per year for the entire firm. Our liability is limited to the above amounts. We have the possibility of increasing cover if you as a client want us to assume greater liability.
Our liability does not cover financial consequential losses, including operating loss, loss of data, loss of profits, goodwill, image etc. or any other forms of indirect losses.
We are not liable for any errors committed by other advisers, to whom we have referred the client, nor are we liable for any errors committed by sub-suppliers, with whom we have left parts of the performance of the assignment according to agreement with the client.
Published on the website of SIRIUS advokater on November 24th 2020.