Fit & Proper

We have extensive experience with respect to all aspects relating to "fit and proper" matters.

In recent years, the members of the managements of financial undertakings have been subject to stricter requirements, including their personal liability. This is reflected in, for instance, stricter legislative rules and by the Danish Financial Supervisory Authority's quicker pursuance of specific matters, reassessment of the fit and proper status of members of management etc. 

At Plesner we have in-depth experience with respect to all aspects of these types of matters, and in several cases we have assisted both the member of management concerned and/or the relevant financial undertaking. We have been involved in the majority of the most notorious fit and proper matters in recent years, and we have assisted several clients during the long process involving the Danish Financial Supervisory Authority.

Normally, a typical process in connection with reassessment of fit and proper status will include the following:

  • factual identification of the specific sequence of events og strategic considerations with regard to the case
  • review of the Danish Financial Supervisory Authority's draft decision in the matter, including the Authority's assessment of the events and the role of the member of management
  • drawing up of a response to the Danish Financial Supervisory Authority's draft decision
  • review of the Danish Financial Supervisory Authority's consultation letter, which includes an assessment of the comments received
  • potential interview with the board of the Danish Financial Supervisory Authority if it is found relevant
  • assessment of the Danish Financial Supervisory Authority's decision and assistance with respect to press relations etc.

We also assist financial undertakings with fit and proper applications with respect to new members of management and with respect to the interpretation of fit and proper rules. We provide advice on the specific requirements for the members of management, and we have advised on, for instance, the new possibilities for obtaining conditional approvals of members of management.

Ratings
Within Banking and Finance, Plesner is a first tier firm.

"Always ready and eager to help. Highly commercial and focused on solutions across cap structure, docs, negotiation etc."

"The team is highly qualified and very proactive in assisting the client. The lawyers are both knowledgeable and commercial, which is vital in transactional work"

"The practice produces quality work with efficient project management. Truly a pleasure to work with them"

"Good competencies across various offerings (M&A, financing etc.) and different sectors"

"A unique insight in the financial industry makes it very easy to be client of Plesner. Legal advice is always in the relevant context and in accordance with new legal requirements and practice"
2024
The Legal 500
Plesner is listed in "Band 1" as regards Banking & Finance.

"The team shows a great understanding of complex debt financing situations"

"Plesner are very knowledgeable in the area of financial services law"

"The lawyers always provide quick responses and good advice, and they have good a commercial understanding"

"The law firm applies high-level legal competencies while keeping a pragmatic and client-based focus at the same time"

"Plesner has one of the biggest and strongest teams in town"
2024
Chambers Global
Within Banking and Finance, Plesner is a first tier firm.

"The best banking and finance team in Denmark. Expert knowledge with most matters and very business oriented"

"Very good expertise. The firm has a good ability to combine the expertise of the different lawyers who provide relevant and complete advice"
2023
The Legal 500
Plesner is listed in "Tier 1" as regards Banking and Finance.

"Organised and structured, very fast, and our preferred law firm in Denmark"

"They have been very service-minded and easy to deal with. Very constructive in their approach"

"Solution-orientated, pragmatic, not overcomplicating, available"
2023
IFLR1000
Plesner is listed in "Band 1" as regards Banking & Finance.

"The team has a highly rated commercial awareness and client service, and is great at delivering to budget"
2023
Chambers Global
Within Banking and Finance, Plesner is a first tier firm.

"Hands-on and always up to date on market conditions"

"The team was professional and dedicated 24-7 – through the whole process. Very solution-oriented and to the point. Easy to work with. They made us feel we were in control"

"We did a refinancing project starting in one direction. And after many turns, we ended in a different corner. The Plesner team was capable of handling all the different structures and stakeholders in a strong, professional and positive way"

"Well composed, talented team. High availability and swift turnarounds"

"Plesner’s finance practice is probably the best in Copenhagen and consistently delivers high quality work regardless of the size of the transaction"
2022
The Legal 500
Plesner is listed in "Tier 1" as regards Banking and Finance.

"Provides high-quality advice with a clear understanding of the client's business and need"

"Highly commercial approach, second-to-none market insights and swift responses"

"Good knowledge and insight of relevant precedent documentation for the relevant financial sponsor. Overall kept a great overview of a fairly complex transaction with various deal-specific peculiarities"

"The banking and finance team of Plesner is very knowledgeable and experienced within a broad range of financing types. They are very approachable and deliver excellent service"

"The firm is very much up to speed with the latest trends and developments within the loan market on legal aspects and operates in a flexible and efficient manner, which is needed on the processes" (2021/2022)
2021-2022
IFLR1000
Plesner is listed in "Band 1" as regards Banking & Finance.
2022
Chambers Global
Plesner is listed in "Band 1" as regards Banking & Finance.

"They deliver consistently high-quality work and they have good people"

"Deliver valuable advisory services"

"Laud their understanding of the loan market"
2022
Chambers Europe