Mazanti Pulse

Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.

6 Nov 2020Taxation / VATUpdates

Ruling on Taxation of SAFE

On 23 October 2020, the Danish Tax Agency published a ruling from the Danish National Tax Board regarding taxation of a SAFE (Simple Agreement for Future Equity) issuable by a US company.

Cross-BorderVenture Capital
4 Nov 2020AIFsUpdates

New Requirements to Marketing of Non-EU AIFS in Denmark

EU and non-EU AIFMs submitting an application for marketing of non-EU AIFs to professional investors in Denmark will be subject to new requirements. The Danish FSA has issued a new Executive Order, which enters into force on 1 January 2021.

AIFMD

Mazanti Pulse

Delivering news, insights and free legal documents to players in the Danish venture capital and private equity industry.

27 Oct 2020AIFsUpdates

The European Commission Publishes Consultation on the Review of the AIFMD

On 22 October 2020, the European Commission published its consultation on the review of the AIFMD seeking the views from stakeholders on how to achieve a more effective and efficient functioning of the European AIF market.

AIFMDAIFMD review
27 Oct 2020AIFsUpdates

Consultation on EU Rules for Long-Term Investment Funds

On 19 October 2020, the European Commission launched a public consultation on the European Long Term Investment Fund (“ELTIF”) legal framework.

AIFMDAIFMD review
12 Oct 2020Financial RegulationImpact and ESG

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.

AIFMDSustainability
25 Sep 2020Taxation / VAT

Rules 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 Capital
4 Sep 2020AIFs

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 reviewESMA

COVID-19 Contributions

12 Jun 2020Trends

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?

covid19
21 Apr 2020Articles

COVID-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.

covid19
8 Apr 2020Trends

COVID-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.

covid19

Document 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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