Mazanti Pulse
Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
ESA 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 RemunerationMazanti Pulse
Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.
Commission 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.
ComplianceDAC6Call to Defer DAC6 Reporting
A group of financial associations, including Invest Europe, has requested a deferral of the DAC6 reporting obligation until 2021 across all member states and the UK.
ComplianceDAC6COVID-19: Special Valuation Guidance for Estimating Fair Value is Published
To help fund managers address the consequences of the COVID-19 pandemic in portfolio company valuations, the International Private Equity & Venture Capital Valuation Guidelines Board has published special valuation guidance for estimating fair value.
covid19ValuationSustainability Related Disclosure Requirements in the Financial Service Sector
The European Parliament and the Council have adopted a new regulation as a part of the European Commission’s action plan on sustainable finance and marks an important step in the Commission’s action plan.
SustainabilityThe Danish FSA (Finanstilsynet) Strengthens Supervision within Anti-money Laundering and Counter Terrorist Financing
The Danish FSA has announced that they are strengthening their supervisory activities within anti-money laundering and counter terrorist financing by implementing a number of new measures.
KYC / AMLCOVID-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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