Mazanti Pulse
Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
EU Commission Completes Consultation on EU Green Bond Standard
The Commission has completed a public consultation on the proposal for a EU Green Bond Standard. The consultation proposes to use the EU Taxonomy to define green bonds.
AIFMDSustainabilityRules Concerning the Tax Treatment of Equity Compensation to Employees in Startups
On 21 August 2020, the Danish Ministry of Taxation published for consultation a draft proposal according to which previously adopted amendments to the Danish Tax Assessment Act concerning the tax treatment of equity compensation to employees in “start-ups” will enter into force on 1 January 2021.
Danish RegulationVenture CapitalMazanti Pulse
Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
ESMA Publishes Letter to the European Commission on the AIFMD Review
On 19 August 2020, ESMA published a letter to the Commission, outlining areas it should consider during the forthcoming review of the AIFMD.
AIFMDAIFMD reviewESMADeferral of Certain DAC6-Related Time Limits
On 29 June 2020, the Danish minister of taxation issued an executive order which defers certain DAC6-related time limits.
ComplianceDAC6ESA Consults on Fund Managers’ ESG Disclosure Obligations
The European Supervisory Authorities (ESA) has published draft technical standards setting out detailed rules on i.a. fund managers’ obligations under the ESG Disclosure Regulation.
AIFMDComplianceDisclosure RequirementsSustainabilityEntry into Force: Guidance Signal Excluding Certain Alternative Investment Funds from VAT Exemption on Management Fees
On 7 May 2020, a guidance signal which excludes certain alternative investment funds from VAT exemption on management fees entered into force.
Danish RegulationManagement RemunerationCommission Proposes Deferral of Certain DAC6-Related Time Limits
Due to the COVID-19 crisis, the European Commission has put forward a proposal for a directive that will defer certain time limits of DAC6, the EU directive regarding mandatory reporting in relation to arrangements with cross-border implications.
ComplianceDAC6COVID-19 Contributions
byFounders x Mazanti x Cooley: Deal Terms Pre- and Post Corona
What impact is the ongoing situation having on the terms VCs offer to founders? Have the terms shifted in favor of the investors and will we be seeing less founder-friendly term sheets compared to what we’ve seen in recent years going forward?
covid19COVID-19: New Support Package for Startups
The Danish government has announced a line of measures aimed at helping startups during the COVID-19 pandemic. We've taken a deeper look at the support package and what it entails.
covid19COVID-19: How the Pandemic is Affecting the Startup Ecosystem
Based on discussions with founders, fund managers, business angels and other players in the Danish startup ecosystem, we have conducted a small analysis on fundraising trends in the light of COVID-19 as well an analysis on the existing support packages with a specific focus on the startup ecosystem.
covid19Document Generator
1. Articles of Association
The rules for the company defining i.a. the responsibilities of the management, the kind of business to be undertaken, and how the shareholders exert control over the company. The articles of association may be altered during the lifetime of the company by the general meeting.
2. Memorandum of Association
The resolution made by the founders to form the company. The memorandum is not altered during the lifetime of the company.
3. Rules of Procedure of the Board of Directors
The internal regulations of the company's board of directors in conducting its business.
4. Shareholders’ Register
The company’s register of its shareholders and the allocation of the share capital and votes between them.
1. Term Sheet
A (non-binding) commercially negotiated agreement setting forth the basic terms and conditions under which an investment will be made. It serves as a template to develop more detailed legally binding documents.
2. Investment Agreement (coming soon)
An agreement establishing the terms of an investment specifying such things as the amount of the investment and the rights and obligations of the investor, the founders and the target company.
3. Minutes of General Meeting (coming soon)
Minutes of the shareholders' meeting enacting the new articles of association and the new members of the board of directors elected by the shareholders.
4. Shareholders’ Agreement (coming soon)
An agreement amongst the shareholders of the company setting forth how the company should be operated and regulates shareholders' rights and obligations.
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