The IBA Virtually Together Conference (2-27 November 2020) provides an exciting new way to bring the IBA and the world’s legal community together in a spirit of shared purpose. Kromann Reumert will be attending the conference with a team of partners representing our firm. We look forward to greeting clients, friends and colleagues from all over the world!
Kromann Reumert has a strong global outreach through deep relations with top-tier law firms all over the world. Internationalization is a pillar of our strategy, and we invest in maintaining and building our international capabilities and networks, allowing us to work seamlessly in international contexts. Our partners play active roles in all relevant international legal organisations, including the IBA, ABA, AIPPI, IFA, and AIJA, and many of our partners are current or former members of the leadership of these organisations.
We continuously improve our international skillset, e.g. through secondments of our lawyers to law firms and companies abroad, and by staying abreast of latest international trends. A substantial part of Kromann Reumert’s work is international, and our clients benefit from high quality, multi-jurisdictional advice and easy access to the right specialists in every part of the world.
||”A substantial part of Kromann Reumert’s work is international, and over the years we have developed deep relations with top-tier law ﬁrms all over the world. Our clients benefit from high-quality, multi-jurisdictional advice and easy access to the right specialists in every part of the world. And all our treasured contacts help us stay abreast of the latest international trends.”
Head of International Committee
Kromann Reumert won the Chambers Europe Awards 2020. With a ranking in the best category, Band 1, in 11 of the 12 practices areas, Kromann Reumert takes the position as the leading Danish law firm.
We continue to receive high rankings from all the notable international rating directories which rate law firms within a number of legal areas. See our ratings.
We have received the country award "Law Firm of the Year Denmark 2019" by Who's Who Legal.
As the first Nordic law firm ever, we received "The European Law Firm of the Year 2018" award by The Lawyer.
In addition, The Lawyer rewarded us with the prize of "The Nordic Law Firm of the Year 2018".
Finally, the market research firm Prospera has rated us as the best in almost all 20 legal disciplines covered in its 2019 analysis.
Annual review 2019
A year focused on knowledge, development and relations.
Only through the combined knowledge of our gifted employees do we succeed in setting the standard in the legal industry. Together. That's why we are investing in our employees. In 2019, we trained a huge team of business lawyers, launched our leadership development programme, and were nominated for the HR Award for our work to promote the health and balance of our employees. We also, for the second year in a row, claimed the number one spot as the most preferred workplace among law students.
In 2020 we will be expanding on the work we have done in the past year to create a long line of client-oriented legal tech solutions. Solutions that are rooted in our advisory services and which we are confident will make life easier for both our clients and our staff. In this year's Annual Review you can read more about, for example, the way we work with knowledge and what we do together to take our own and our clients' businesses further. You will also find our annual Communication on Progress, offering you a glimpse of our work with the ten Global Compact principles for corporate social responsibility.
Read the 2019 Annual Review
Denmark legal update
Kromann Reumert's international newsletter provides you with insight into the latest legal news in Denmark across practice areas and industries. In this issue we bring you our legal experts' analyses and comments on the latest legal developments in Denmark within competition law, employment law, corporate and foundation/trust law, tax law, capital markets, personal data and IP.
Read Denmark Legal Update Q3 2019
Read Denmark Legal Update Q2 2020
Recent deal highlights
Merger of two of Denmark's larsgest energy cooperatives
On 5 November 2018, the boards of representatives of the two major energy cooperatives Eniig a.m.b.a. and SE a.m.b.a. approved an agreement to merge the cooperatives to form a new cooperative with more than 700,000 members under the name of Norlys a.m.b.a. On completion of the merger, the Norlys group will be among Denmark’s largest energy and utility groups, with around 2,500 employees, more than 700,000 members and more than one million TV and internet customers. Norlys a.m.b.a. will have an equity of approx. DKK 18bn and revenues of app. DKK 8bn. However, before Norlys a.m.b.a. can become a reality, the merger must receive final stamp of approval by the Danish Competition and Consumer Authority, among others. Kromann Reumert advised Eniig a.m.b.a. throughout the process leading up to the merger agreement with SE a.m.b.a., including on the regulatory, contractual and competition-law aspects.
Government defeated in biggest Danish tax case ever
In November 2018, the Danish Supreme Court, by a 7-0 vote, ruled against the Danish Ministry of Taxation and set aside the valuation method applied by the Danish Tax Agency in two landmark transfer pricing cases brought by two Danish companies. The Supreme Court sided with the companies, confirming that the market value of drainage and sewage discharge companies’ infrastructure assets cannot be determined using a discounted cash flow analysis, since under Danish law the companies are subject to a provision that investors in such infrastructure assets must not profit from their investment (the “principle of self-sustainability”). The cases served as pilot cases for more than 270 other actions and have been referred to more than once as the “biggest Danish tax cases ever” due to the size of the total taxable value of the bases of depreciation, a stunning DKK 36bn.
Macquarie, ATP, PFA and PKA acquire TDC
In early 2018 Kromann Reumert advised TDC on a takeover bid submitted to TDC’s shareholders by a consortium consisting of Macquarie Infrastructure and Real
Assets (Europe) Ltd and Danish pension funds ATP, PFA and PKA. The bid was received after TDC’s public announcement on 1 February 2018 of its plans for a merger of TDC and Modern Times Group, which is behind TV3 and Viaplay, among other things. Kromann Reumert also advised TDC on that transaction, which fell through, however, when the shareholders of TDC followed the recommendation by TDC’s board of directors to accept the bid from Macquarie and the pension funds.
Kromann Reumert assists FLSmidth in acquisition of IMP Automation Group
Recently, Kromann Reumert assisted FLSmidth in their acquisition of IMP Automation Group. The transaction spans various jurisdictions including Australia, South Africa, Brazil and Canada. As IMP is the global leader in automated laboratory solutions for the mining industry the transaction represents a strong addition to FLSmidth's existing pit-to-plant mining services offering. In addition to the company itself, the acquisition includes over 130 IMP employees (including the Managing Director Boyne Hohenstein) and half of a joint venture-corporation, which provides complete operations and maintenance solutions for automated laboratories. The transaction is expected to close in Q2 2019.
Top-Toy A/S declared bankrupt
In December 2018, Nordic toy retailer Top-Toy (BR & ToysR'Us) went into a formal restructuring process and was subsequently declared bankrupt due to a disappointing Christmas trading. Kromann Reumert assisted the private equity sponsor throughout the process and was appointed co-restructuring officer and subsequently co-trustee in the estate. In that capacity, the team from Kromann Reumert also assisted with the disposal of the business, including all assets, stores, IP etc. throughout the Nordics. The main business in Denmark was sold to the major retail player Salling Group.