Regulatory

Nivaro.law is the trading name of Nivaro Advokatanpartsselskab. References to “Nivaro.law”, the “Firm”, “We” or “Us” in this website are references to Nivaro Advokatanpartsselskab.

 

The Firm is a private limited liability company incorporated in Denmark with registered number 35483179 and registered address at Gustav Adolfs Gade 5, 2. th., DK - 2100 Copenhagen Oe.

The Firm is a body recognised and regulated by the Danish Bar Association.

Our attorneys are all admitted to practice law by the Danish Ministry of Justice and are registered as such with the Danish Bar and Law Society (Advokatsamfundet) of which they are members.

The rules of the Danish Bar Association can be accessed at www.advokatsamfundet.dk.

 

Indemnity Insurance

The Firm is covered by professional liability insurance and has provided a guarantee in accordance with the rules of the Danish Bar and Law Society.

Our liability insurance covers any legal practice, regardless of where the practice is being conducted.

Name of Insurer: Lloyd's Insurance Company S.A. (through Dahlberg Assurance Agentur A/S)

Address of Insurer: Allegade 14, 2000 Frederiksberg, Denmark

Name of Insured Firm of Solicitors: Nivaro Advokat Anpartsselskab

Policy Number: 310-017254

Limit of Indemnity: DKK 20,000,000

Bank 

The Firm banks with and has its client accounts with Nykredit Bank A/S. In the event of a bank's bankruptcy, depositors will be covered under the Guarantee Scheme Act depositors and investors. The guarantee fund covers the funds of a eligible depositor up to an amount corresponding to EUR 100,000 (approx. DKK 750,000 kroner). The coverage maximum applies to the total deposit in the bank, even though the money is in various accounts, including both client bank accounts and own accounts. Further information about the guarantee scheme can be found on Garantiformuen's website www.gii.dk.

 

Legal aid and legal expenses insurance

When the Firm accepts a matter for a client, we determine whether public legal aid or legal expenses insurance is available under applicable law or the client's insurance. If our fee is to be paid out of public funds or by an insurance company, preliminarily or finally, the client will be advised of the principles for determining the fee, etc. and of the potential consequences for the client.

 

Code of legal ethics, anti-money laundering rules etc.

Code of Conduct

All Danish lawyers are subject to the legal ethics rules contained in the Danish Administration of Justice Act (retsplejeloven). The General Council of the Danish Bar and Law Society supervises compliance with the code of legal ethics and has drawn up a Code of Conduct requiring lawyers to comply with high professional and ethical standards.

The Disciplinary Board of the Danish Bar and Law Society ensures compliance with the rules and may impose disciplinary sanctions in case of violation.

The ethical professional conduct rules include:

  • Non-disclosure obligations: Lawyers and their employees are required to treat information received in the course of their work confidentially.

  • Conflicts of interest rules: Circumstances of conflicting interests in which a lawyer may not assist a client.

More information about the Code of Conduct and the General Council is available on the Danish Bar and Law Society's website. More information about ethical professional conduct, rights to complain, etc. is available on the Disciplinary Board's website.

Preventive anti-money laundering measures

The Firm is also subject to the Danish Act containing anti-money laundering and anti-terrorism financing measures (lov om forebyggende foranstaltninger mod hvidvaskning af penge og finansiering af terrorisme). Under the Act, the Firm is required to obtain and keep client identification records for five years. Clients are required to provide their name, address and civil registration (CPR) number or Central Business Register (CVR) number when a new matter is opened and also, where necessary, documentation. Businesses also have to provide ownership information and documentation.

Under the anti-money laundering and anti-terrorism financing measures Act, the Firm is required to investigate transactions where there is suspicion of money laundering or financing of terrorism. The Firm may also be obliged to notify the Public Prosecutor for Serious Economic Crime or the Danish Bar and Law Society.