Mazanti Pulse

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

5 Aug 2020Taxation / VATUpdates

Deferral 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.

ComplianceDAC6
26 May 2020AIFsUpdates

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 RequirementsSustainability

Mazanti Pulse

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

9 May 2020Taxation / VATUpdates

Entry 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 Remuneration
9 May 2020Taxation / VATUpdates

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.

ComplianceDAC6
28 Apr 2020Taxation / VATUpdates

Call 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.

ComplianceDAC6
3 Apr 2020AIFs

COVID-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.

covid19Valuation
11 Feb 2020Corporate RegulationUpdates

Sustainability 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.

Sustainability

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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