International Trade

As the global trading of goods and services increases, so does its economic and financial importance. The EU has set up rules to regulate the trading in goods and services and/or the trading with certain states.

These rules also greatly affect foreign businesses when trading with Denmark. The consequences of any failure to comply with the rules can be severe and this has led to a greater appreciation of the importance of compliance.


We are the first law firm in Denmark which has established a dedicated practise group focusing solely on international trade and compliance. We have in-depth knowledge about conducting business both on the international markets, which, from a legal perspective, is becoming increasingly complex, but also great experience in advising foreign business considering trading with Denmark.

We offer advice to foreign businesses on all aspects of trading and compliance in relation to entering the Danish market, e.g. the rules and potential hazards to be aware of when trading in goods and services.

In this way, we can help ensure that your business complies with all of the applicable legislation when trading with Danish business partners.

Our advice includes:

  • Importation of good or services into Denmark
  • Re-export 
  • Multilateral and bilateral trade treaties
  • Danish customs and duties
  • Monetary transfers in and out of Denmark
  • WTO cases

International trade

Global trade in goods and services is regulated by a series of international rules restricting access to certain markets and setting up customs barriers, among other things. The consequences of failing to comply with the rules can be severe.

As the first law firm in Denmark, we have established an international trade practise group focusing on the often complex regulations – both Danish and foreign – governing international trade in goods and services, including export bans.

Our advice includes:

  • Export controls (e.g. dual use products)
  • Sanctions and embargoes
  • Multilateral and bilateral trade and investment treaties
  • Customs
  • WTO cases
  • Money transfers

Export controls (dual use)

Denmark, the EU, the US and other countries have introduced legislation to prevent the exporting of weapons to countries that pose a threat to peace, or intend to use weapons for internal oppression or similar conduct. For most businesses, however, it is of greater relevance that a range of similar restrictions apply to the exportation of products that are designed for civil use but can also be used for military purposes.

We are the first law firm in Denmark which has established a practise group focusing on international trade. We have in-depth knowledge about conducting business on the international market, which, from a legal perspective, is becoming increasingly complex.

We advise Danish and international businesses on all of the rules and potential hazards to be aware of when trading in goods and services cross-border.

Our advice includes:

  • Import and export of goods and services, including dual-use products and export control licences
  • Preparation and enforcement of relevant compliance programmes

Sanctions and embargoes

Economic sanctions and embargoes are increasingly used as political measures against states that, according to assessments made by the EU, the US or the UN, pose a threat to peace, oppress their civilian populations, or whose actions are otherwise unacceptable. US regulations in particular can be very extensive and may affect businesses regardless of whether they have any affiliation with the US or not.

We are the first law firm in Denmark which has established a practise group focusing on international trade.

We advise Danish and international businesses on all legal aspects of sanctions and embargoes. In this way, we can help ensure that your business and your foreign trading partners comply with all of the applicable legislation.

Corruption

Danish and foreign regulation of corruption and similar conduct plays a significant role in international trade. Many rules, Danish as well as for instance the UK Bribery Act and the US Foreign Corrupt Practices Act, can significantly impact international businesses. We have in-depth knowledge of these rules and advise how to handle them in a practical way.

Investment control (FDI regu­lation)

China, the United States and several EU Member States have all introduced legislation for the screening of foreign direct investments (FDIs). Implemented for protection of national security interests, the rules will have the countries screening FDIs across diverse sectors. The rules are akin to merger control regimes, but rather than safeguarding competition they are intended to protect national security interests.
 
Although there are differences from country to country, the rules often cover investments in sectors such as critical infrastructure, critical technologies, sensitive information, and the media. Moreover, most of them cover both direct and indirect investments, such as lending and provision of security or investing via domestic holding companies. Also any other way in which investors may gain influence on a critical entity is comprised.
 
In any investment across borders it will be relevant to check if the investment is required to be notified, screened and approved before it can be made. Failure to report a notifiable investment may lead to the roll-back of the investment and, in some cases, may be punishable by a fine or even imprisonment.
 
We advise on all aspects of screenings and approvals in connection with investments into and out of Denmark. Examples of our assistance include:
 
  • Advising on relevant legislation in the various countries, e.g. as to whether your investment is subject to national FDI rules or not
  • Drafting of notification and assistance in obtaining permission for the investment 

Contacts within International Trade