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    • Cover and Colophon (incl. Table of contents in PDF version)
    • The Danish Companies Act – a modern and competitve European Act
    • Abbreviations
  • Chapter 1. Introduction
    • 1.1. Freedom of choice for companies in Denmark
    • 1.2. Scope of the Danish Companies Act
    • 1.3. Some historical features of Danish Company Law
      • 1.3.1. The Danish Public Companies Act of 1917
      • 1.3.2. The Danish Public Companies Act of 1930
      • 1.3.3. The Danish Public Companies Act of 1973 and the Danish Private Companies Act of 1996
      • 1.3.4. EU harmonisation
      • 1.3.5. Modernisation of Danish Company laws
  • Chapter 2. Objectives of the . Danish Companies Act
    • 2.1. Introduction
    • 2.2. The influence of economic theory: A new paradigm in company law
      • 2.2.1. Overview
      • 2.2.2. Shareholder/stakeholder value in Danish law
      • 2.2.3. A Market for Corporate Control – in Danish law
      • 2.2.4. Companies’ capital structure
      • 2.2.5. Normative and publicity system
      • 2.2.6. Regulation or de-regulation
      • 2.2.7. Recommendations on Corporate Governance in Denmark
    • 2.3. Registration and control
      • 2.3.1. The Danish Business Authority
      • 2.3.2. The Danish Commerce and Companies Appeals Board of the Danish Ministry of Business and Industry
      • 2.3.3. The Listing Authority and the Danish Financial Supervisory Authority
  • Chapter 3. Corporate laws include various . types of companies
    • 3.1. Functional division between public companies and private companies
    • 3.2. Listed companies, etc.
      • 3.2.1. Regulation
      • 3.2.2. Regulated markets and alternative markets
    • 3.3. Single-member companies
    • 3.4. Groups
    • 3.5. State-owned companies
    • 3.6. Companies subject to specific legislation or concession
  • Chapter 4. International company law
    • 4.1. The internationalisation of business and company law
    • 4.2. Rules concerning applicable international law
      • 4.2.1. Denmark applies the incorporation theory
    • 4.3. Cooperation across national borders and transfer of seat
      • 4.3.1. EU rules on establishment
      • 4.3.2. Rules on the primary establishment of companies and transfer of seat, cross-border mergers and divisions
    • 4.4. Secondary establishment
    • 4.5. The international scope of the Danish Companies Act
  • Chapter 5. Formation of a limited . liability company
    • 5.1. Purpose of the rules of formation
      • 5.1.1. Founder requirements
      • 5.1.2. Memorandum of association
      • 5.1.3. Articles of association
        • 5.1.3.1. The company’s name
        • 5.1.3.2. Registered office (hjemsted)
        • 5.1.3.3. The company’s object(s)
      • 5.1.4. Shareholders’ agreement
    • 5.2. Subscription for and payment of share capital
      • 5.2.1. Shares subscription
      • 5.2.2. Payment of share capital
      • 5.2.3. Application for registration of the company
      • 5.2.4. Registration of the company
    • 5.3. Shelf companies
    • 5.4. Electronic registration
  • Chapter 6. The shares
    • 6.1. Clarification of the term
      • 6.1.1. Issuing of shares
      • 6.1.2. Shares with different rights
      • 6.1.3. Shareholder rights
      • 6.1.4. Disclosure of company ownership – public register of shareholders and notification of significant shareholdings
      • 6.1.5. Transfer of shares
      • 6.1.6. Restrictions on transfer
  • Chapter 7. Financing of companies
    • 7.1. Introduction
    • 7.2. Capital increase
      • 7.2.1. Introduction
      • 7.2.2. Capital increase in connection with an initial public offer
      • 7.2.3. Conversion
      • 7.2.4. Bonus shares
      • 7.2.5. The shareholders’ pre-emption right
    • 7.3. Intermediate forms
      • 7.3.1. Convertible debt instrument
      • 7.3.2. Profit-sharing debt instruments
      • 7.3.3. Warrants and other intermediate forms
  • Chapter 8. Capital protection
    • 8.1. Introduction
    • 8.2. Capital reductions
      • 8.2.1. General rules
      • 8.2.2. Depreciation to cover loss
      • 8.2.3. Amortisation
    • 8.3. Loss of capital
    • 8.4. Own shares
      • 8.4.1. Legal development
      • 8.4.2. The implementation of the Capital Directive
        • 8.4.2.1. Full liberalisation
        • 8.4.2.2. The authorisation requirement
        • 8.4.2.3. Exemptions
        • 8.4.2.4. Other rules that have been maintained
      • 8.4.3. Consequences of acquiring own shares
      • 8.4.4. Problems relating to securities law
      • 8.4.5. Acquisition and sale of own shares
    • 8.5. Financial assistance using the limited liability company’s own funds
      • 8.5.1. Self-financing
      • 8.5.2. Financial assistance to parent companies, shareholders, members of the management and others
      • 8.5.3. Consequences
      • 8.5.4. Compliance test/verification
    • 8.6. Dividends and consolidation
      • 8.6.1. Which amounts can be distributed as dividends?
      • 8.6.2. Consolidation requirement
    • 8.7. Consequences of unlawful distributions
  • Chapter 9. The Danish governance system
    • 9.1. A flexible governance system
    • 9.2. The traditional Danish model
    • 9.3. The new Danish management model
    • 9.4. Features common for both systems
    • 9.5. The company’s management
      • 9.5.1. Composition and function
        • 9.5.1.1. The board of directors/supervisory board
        • 9.5.1.2. The executive board
        • 9.5.1.3. The tasks of the supervisory board
      • 9.5.2. Duties and responsibilities of the management
      • 9.5.3. Right of representation and power to bind the company
      • 9.5.4. Conflict of interests between the management and the company: duty of loyalty
        • 9.5.4.1. Disqualification
        • 9.5.4.2. Insider dealing and market manipulation
        • 9.5.4.3. Economic assistance (‘shareholder loan’)
        • 9.5.4.4. Takeover-bids
        • 9.5.4.5. Duty of confidentiality
        • 9.5.4.6. Remuneration
  • Chapter 10. Employee co-determination
    • 10.1. General background
    • 10.2. Representation at board level
      • 10.2.1. The purpose: communication with and influence within the company’s supreme governing body
      • 10.2.2. The representation
      • 10.2.3. Employees’ right to access to information, if there is no representation
      • 10.2.4. The legal position of employee representatives
      • 10.2.5. Employee influence as a shareholder – equity-based and share-based remuneration
  • Chapter 11. The general meeting
    • 11.1. Introduction
    • 11.2. Shareholders’ right to participate and take decisions at general meetings
    • 11.3. Ordinary and extraordinary general meetings
    • 11.4. Conduct at general meetings
      • 11.4.1. Notice of general meetings
      • 11.4.2. Agenda
      • 11.4.3. Access to the general meeting
      • 11.4.4. Voting rights
      • 11.4.5. Chairman
      • 11.4.6. Voting
      • 11.4.7. The right to ask questions
    • 11.5. Electronic communications and electronic general meeting
      • 11.5.1. Introduction
      • 11.5.2. Electronic general meetings
      • 11.5.3. Electronic board meetings
      • 11.5.4. Electronic communications
  • Chapter 12. Minority protection
    • 12.1. Overview and key principles
    • 12.2. Individual rights – unanimity rules
    • 12.3. Qualified majority
      • 12.3.1. Amendments to the articles of association
      • 12.3.2. Section 107(2) of the Companies Act
      • 12.3.3. Statutory provisions for dividends and the displacement of the legal relationship between equity classes
      • 12.3.4. Restrictions on voting rights, voting ceiling
      • 12.3.5. Right of redemption as a result of statutory changes (CA Section 110)
    • 12.4. The general clause
    • 12.5. Minority rights
    • 12.6. Legal consequences of void resolutions passed at the general meeting
  • Chapter 13. Accounting and auditing
    • 13.1. Annual report
      • 13.1.1. The Financial Statements Act – introduction
      • 13.1.2. Features of the annual report
      • 13.1.3. Structure and components of the annual report
      • 13.1.4. Quality requirements and basic assumptions
      • 13.1.5. Recognition and measurement (valuation rules)
      • 13.1.6. Business combinations
      • 13.1.7. Publication and control
      • 13.1.8. The Financial Statements Act and the Companies Act
    • 13.2. Audit
      • 13.2.1. Legal framework
      • 13.2.2. Requirements applying to auditors – auditors as the public’s representative
      • 13.2.3. Auditing: objectives and scope
      • 13.2.4. Audit exemptions for small companies
      • 13.2.5. Audit committees
      • 13.2.6. Liability of auditors
      • 13.2.7. Special examination
  • Chapter 14. Liability for damages and . criminal liability
    • 14.1. Liability for damages
      • 14.1.1. Who can be liable?
      • 14.1.2. Liability for damages in connection with the formation of the company
      • 14.1.3. The liability in tort of members of the management
        • 14.1.3.1. Liability towards the company
        • 14.1.3.2. Liability towards single shareholders
        • 14.1.3.3. Liability towards single creditors
      • 14.1.4. Shareholders’ liability
      • 14.1.5. Actions for damages
      • 14.1.6. Criminal liability and other legal consequences
  • Chapter 15. Groups of companies
    • 15.1. The group concept
    • 15.2. Definition of groups of companies
    • 15.3. Formation of a group
    • 15.4. Managerial rights of the parent company
      • 15.4.1. Protecting the subsidiary’s creditors
      • 15.4.2. Liability, lifting the corporate veil and identification
      • 15.4.3. Minority shareholders of the subsidiary
      • 15.4.4. Employee representation at group level
    • 15.5. Consolidated accounts and more
  • Chapter 16. Dissolution and restructuring
    • 16.1. Dissolution versus restructuring
    • 16.2. Dissolution of private and public companies by declaration
    • 16.3. Bankruptcy or solvent liquidation?
    • 16.4. Solvent liquidation
      • 16.4.1. The purpose of the rules applying to liquidation
      • 16.4.2. Compulsory dissolution and voluntary liquidation
      • 16.4.3. Appointment of the liquidator
      • 16.4.4. Commencement of the liquidation
      • 16.4.5. Liquidation
        • 16.4.5.1. The tasks of the liquidator
        • 16.4.5.2. Accounts
        • 16.4.5.3. Settlement of debts
        • 16.4.5.4. Realisation of assets
        • 16.4.5.5. Distributions and dividends
        • 16.4.5.6. Liability of liquidators
      • 16.4.6. The legal effect of liquidation
      • 16.4.7. Termination of the estate
      • 16.4.8. Resumption of business
      • 16.4.9. Restoration
      • 16.4.10. Compulsory dissolution
    • 16.5. Mergers
      • 16.5.1. Introduction
      • 16.5.2. Merger conditions
      • 16.5.3. Resolution to implement a merger
      • 16.5.4. Legal effects of a merger
      • 16.5.5. Protection of the positions of shareholders and creditors
    • 16.6. Division
      • 16.6.1. Introduction
      • 16.6.2. Definition and types of divisions
      • 16.6.3. Division procedure
      • 16.6.4. Simplifications applying to private companies
      • 16.6.5. Protection of the shareholders’ and creditors’ interests
    • 16.7. Cross-border mergers and divisions
    • 16.8. Majority takeover and takeover bid
      • 16.8.1. Mandatory offers according to Section 31 of the Securities Trading Act
      • 16.8.2. Offer document: mandatory and voluntary bid
      • 16.8.3. Duties of the board in the event of takeover bids
      • 16.8.4. Agreements on bonuses and similar benefits and payments
    • 16.9. Conversion
  • The Danish Companies Act
  • Index

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The Danish Companies Act (1st. Ed.)

Af Paul Krüger Andersen og Evelyne J.B. Sørensen

Cover til: The Danish Companies Act (1st. Ed.)

1. udgave

1. januar 2012

  • e-ISBN: 9788757495652
  • p-ISBN: 9788757424898
  • Antal sider: 382
  • Bogtype: Håndbog

Emner

  • Selskabsret

This book provides an introduction to the Danish Companies Act of 2010 (now Act No. 322 of 11 April 2011). The new Act has changed the current legislation for limited liability companies significantly. Increased globalisation and internationalisation have sharpened the demand for competitive framework conditions for Danish company law. This book mainly focuses on changes in the new Act compared to the two former Acts and also on essential similarities and differences between the Danish Companies Act and (some) other European Companies Acts. An English version of the Danish Act may be of use and interest not only for English speaking lawyers and other professionals who are interested in an introduction to Danish company law but also for researchers working with comparative company law.

  • Bøger
  • /
    Cover af The Danish Companies Act
    The Danish Companies Act
  • / 1. udg. 2012

The Danish Companies Act (1st. Ed.)

1. udgave - 1. januar 2012

Af Paul Krüger Andersen og Evelyne J.B. Sørensen

Cover af The Danish Companies Act (1st. Ed.)

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