We focus on assignments involving our clients' most important assets. In particular, we assist our clients with major transactions, complex dispute resolution and strategic legal advice at management level.
Noble Corporation completes business combination with Maersk Drilling
Plesner has advised Noble Corporation plc in connection with the business combination with Maersk Drilling, creating a leading offshore drilling contractor for the oil and gas industry, dual-listed on the New York Stock Exchange and Nasdaq Copenhagen.
Highlight - 05.10.2022
Plesner has assisted Zealand Pharma A/S with a successful equity raise
Plesner has assisted our long-time client Zealand Pharma with an equity raise of approximately DKK 786 million through a directed issue and private placement of new ordinary shares. The equity raise qualifies as one of the largest equity raise Zealand Pharma has ever completed.
Highlight - 05.10.2022
DWS acquires landmark high-rise building Bella Tower
Plesner has advised DWS in the acquisition of the high-rise, DGNB Gold-certified building Bella Tower in the new Copenhagen district Bellakvarter in Ørestaden, Denmark.
Highlight - 04.10.2022
Anesco concludes its first agreement on developing energy projects in Denmark
The British company Anesco, a global leader in renewable energy and cleantech, has entered the Danish market with the conclusion of their first agreement for greenfield development of a solar project in Southern Jutland. Plesner acted as legal advisor for Anesco in connection with the agreement.
Highlight - 29.09.2022
Mutares purchases Arriva Group's businesses in Denmark and Serbia as well as its bus business in Poland
German-based financial investor, Mutares SE & Co. KGaA, has signed an agreement to acquire Arriva Group’s business in Denmark and Serbia, as well as its bus business in Poland. Arriva is a leading operator of bus, rail and free-float car sharing as well as educational services in the Danish market. Plesner acted as Danish legal counsel for the Arriva Group in the transaction.
Highlight - 27.09.2022
Danish insurance company Codan Forsikring successful in transfer pricing case before the Danish Eastern High Court
On 17 August 2022, the Danish Eastern High Court ruled in favour of Codan Forsikring in a transfer pricing case of general public importance, thus setting aside the Danish Customs and Tax Administration’s (SKAT) decision relating to the company’s taxable income for the income years 2010-2013. The Danish Ministry of Taxation has confirmed that the case will not be appealed to the Supreme Court. Codan Forsikring was represented by Plesner.
Highlight - 20.09.2022
Employer was allowed to order a Seventh-day Adventist to work on a Saturday
The Danish Supreme Court has now passed a final verdict regarding the question whether it was in contravention of the prohibition against discrimination on the grounds of religion and belief in the case where an educational institution had ordered a physical education teacher to be at work on a Saturday, although this was against his religious conviction. Plesner assisted the educational institution as well as the Danish Employee and Competence Agency ("Medarbejder- og Kompetencestyrelsen") in the case.
Highlight - 07.09.2022
Copenhagen Infrastructure Energy Transition Fund I reaches EUR 3bn hard cap
On 18 August 2022, after one and a half year of global fundraising, Copenhagen Infrastructure Partners (CIP) reached the EUR 3bn hard cap in their greenfield renewables energy fund, Copenhagen Infrastructure Energy Transition Fund I (CI ETF I). CI ETF I achieved commitments from approximately 65 institutional investors from the Nordics, Europe, North America, Asia, Australia and New Zealand.
Highlight - 01.09.2022
THI Investments acquires Red Storage Building ("Rød Lagerbygning")
Plesner advised THI Investments in connection with the acquisition of the historical 10,000 sqm. commercial property "Red Storage Building" ("Rød Lagerbygning") situated at Carlsberg Byen. The property is currently being completely modernized and refurbished to be used by Boston Consulting Group.
Highlight - 08.08.2022
Invesco acquires three residential projects in Ballerup
Plesner has advised Invesco Real Estate in connection with the acquisition of three residential projects in Ballerup with a total of approximately 340 residential units. The acquisition is made in cooperation with the Danish real estate investment and management company RUBIK PROPERTIES. The seller and developer of the project is FB Gruppen.
Highlight - 30.06.2022
Starwood acquires logistics portfolio
Plesner advised American private investment firm Starwood Real Estate Income Trust, Inc. on the acquisition of an attractive property portfolio in Jutland, Denmark, referred to as the Danlog-portfolio, at an amount of DKK 1.5 billion.
Highlight - 28.06.2022
CBRE European Residential Impact Fund (ERIF) acquires a newly built residential project
Plesner has advised CBRE European Residential Impact Fund (ERIF) in connection with ERIF's acquisition of 108 newly built residential units in Karlslunde, Denmark.
Highlight - 28.06.2022
Adelis Equity Partners acquires NetIP A/S
Plesner has assisted Adelis Equity Partners in connection with the acquisition of NetIP A/S. The previous majority shareholder, Martin Kjølhede, will re-invest alongside Adelis Equity Partners.
Highlight - 24.06.2022
Enics AG merges with GPV International A/S
Landmark deal in the EMS segment with the merger of Enics AG and GPV International A/S.
Highlight - 22.06.2022
Agilitas signs agreement to back the buy-out of NNIT’s IT infrastructure outsourcing business
The leading pan-European private equity firm, Agilitas, has signed an agreement to acquire NNIT’s IT infrastructure outsourcing business including its Hybrid Cloud Solutions business and select parts of its Cloud & Digital Solutions business ("NNIT IO"). NNIT IO is a leading provider of IT infrastructure outsourcing services to some of the largest Danish private and public institutions. Plesner acted as legal counsel for Agilitas in the transaction.
Highlight - 22.06.2022
Sonion successful in patent litigation against Huawei and Sony
On 21 June 2022, the Danish Maritime and Commercial High Court awarded the Danish company Sonion a preliminary injunction against the sale of a number of earphones marketed by the world-wide electronics firms Sony and Huawei. Plesner represented Sonion during the legal proceedings.
Highlight - 22.06.2022
Egiss A/S acquires Refurb A/S
Plesner has assisted the Danish based IT hardware logistics company, Egiss A/S in connection with its acquisition of Refurb A/S. Refurb A/S is a circular economic enterprise specialized in refurbishment and recycling of IT hardware.
Highlight - 21.06.2022
Nordic Solar, EWII and Skjern Paper sign corporate power purchase agreement
Nordic Solar has signed a corporate power purchase agreement (PPA) with EWII and Skjern Paper. Plesner has acted for Nordic Solar in connection with the PPA.
Highlight - 20.06.2022
PGGM and EDF to acquire a minority stake in Norlys
Plesner advised PGGM and EDF Invest on the minority investment in Norlys' fiber business.
Highlight - 03.06.2022
Netcompany signs DKK 2.8bn sustainability-linked credit facility
Plesner has acted for international IT services provider Netcompany in connection with the negotiation of a DKK 2.8bn revolving credit facility with Danske Bank and Nykredit Bank. The credit facility includes a "sustainability-link" ensuring up- or downwards adjustment of the margin depending on whether Netcompany achieves certain ambitious sustainability-linked KPIs.
Highlight - 03.06.2022
FSN Capital to acquire a majority stake in Epista Life Science
The leading Nordic private equity firm, FSN Capital, has signed an agreement to acquire a majority stake in Epista Life Science A/S and enters into a continuous partnership with the founder Klavs Esbjerg, CEO, who will retain a sizeable stake in the company. Plesner acted as legal counsel for FSN Capital.
Highlight - 27.05.2022
Stokke acquires Evomove, the manufacturer of the Nomi highchair
Stokke, the manufacturer of the Tripp Trapp chair, has acquired Evomove, known as the manufacturer of the award-winning Nomi highchair. Plesner has advised Stokke on the transaction.
Highlight - 24.05.2022
Ahlsell to acquire Sanistål
Plesner has advised Sanistål A/S in connection with Ahlsell's acquisition of 75.49% of the shares held by major shareholders, and Ahlsell's subsequent submission of a voluntary, recommended offer to the minority shareholders.
Highlight - 24.05.2022
Access Learning to acquire Bookboon Learning
Access Learning, part of The Access Group, has entered into an agreement to acquire Bookboon Learning, a self-directed soft skills content provider. Plesner has advised Access Learning on the transaction.
Highlight - 19.05.2022
Hg agrees the sale of itm8 to Axcel
Plesner has advised Hg in their sale of itm8, a leading supplier of IT services for private businesses and the public sector in Europe, to Axcel.
Highlight - 18.05.2022
Plesner advises CapMan Real Estate on the purchase of a residential and commercial property in Søborg
Plesner has advised the Nordic real estate investor CapMan Real Estate in connection with CapMan's purchase of a real estate development project comprising a residential and commercial property in Søborg, Copenhagen for an approximate value of DKK 300 million.
Highlight - 28.04.2022
Demant A/S intends to divest its Hearing Implants business
Plesner advises Demant A/S in negotiating an agreement to divest Demant's Hearing Implants business "Oticon Medical" in order to ensure lifelong support of its existing patients.
Highlight - 27.04.2022
Meta signs corporate power purchase agreements with Luxcara
Meta has signed three corporate power purchase agreements (PPA) with Luxcara. Plesner has acted for Meta in connection with the PPAs.
Highlight - 19.04.2022
Plesner advises Studentbostäder i Norden AB on the acquisition of a development project in Copenhagen
Plesner advised the Swedish listed property company Studentbostäder i Norden AB (publ) on the acquisition of a student housing project located at Englandsvej 51 in Copenhagen's Amager district at a value of DKK 344.5m. The student housing project is designed by Holscher Nordberg Architects A/S and comprises a housing complex with a varying number of floors consisting of 173 student apartment units.
Highlight - 13.04.2022
Marlin Equity Partners divests a minority stake in Medius
Marlin Equity Partners has divested a minority stake in Swedish software provider Medius to Advent International. Plesner acted as lead counsel for Marlin Equity Partners on the transaction.
Highlight - 13.04.2022
Capidea sells Budweg Caliper
Plesner advised Danish private equity fund Capidea and the other shareholders on the sale of Budweg Caliper to BBB Industries. Plesner assisted Capidea on the acquisition in 2018 and has now advised Capidea in connection with the successful divestment.
Highlight - 05.04.2022
Kirk Kapital invests in Cookie Information
Plesner has advised Kirk Kapital A/S in connection with their purchase of a large minority stake in Cookie Information A/S, the leading provider of cookie consent solutions in Scandinavia.
Highlight - 05.04.2022
Danish company KloAgger sold to Recover
Recover, owned by EQT, completed the acquisition of the majority shareholding in KloAgger on 30 March 2022. Plesner advised the owners of KloAgger on the transaction.
Highlight - 01.04.2022
The Eastern High Court reduces the Ministry of Taxation's interest claim significantly in beneficial owner case
Today, the Eastern High Court handed down yet another ruling in the so-called "beneficial owner" cases. The High Court ruled that Heavy Transport Holding Denmark should have withheld dividend tax in connection with a dividend distribution to its Luxembourg parent company. However, the High Court also states that it was not in accordance with principles of due process and fair trial that the Ministry of Taxation had a practice of declining offers of payment of the disputed tax in a situation such as this one where the taxpayer had won the case before the National Tax Tribunal, after which the case had been appealed to the courts by the ministry. Heavy Transport Holding Denmark was therefore exempted from paying interest on late payment in respect of the past 7 years. Plesner represented the company before the High Court. The judgment is expected to be appealed to the Supreme Court.
Highlight - 31.03.2022
GRO Capital raises EUR 600m for its flagship strategy, GRO Fund III
On 11 March 2022, after only a few months of fundraising, GRO Capital announced the closing of their new fund, GRO Fund III, with a total commitment of EUR 600m. GRO Capital has received strong support from both existing and new Danish and foreign investors. Plesner's Private Investment Funds team advised GRO Capital on all stages of structuring and formation of the fund.
Highlight - 23.03.2022
Bonhams acquires Bruun Rasmussen Kunstauktioner
Bonhams has on 22 March 2022 acquired Danish auctioneers Bruun Rasmussen. Plesner has advised Bonhams on the transaction.
Highlight - 22.03.2022
Danish insurance broker Assurance Partner sold to financial advisory firm NORTH
The Danish insurance brokerage Assurance Partner has been sold to the financial advisory firm NORTH. Plesner has acted as advisor for the seller in connection with the transaction.
Highlight - 10.03.2022
First Danish transfer pricing dispute decided in arbitration under the EU Arbitration Convention
Quite recently, history was made in Danish tax law when a so-called "advisory commission" - an arbitration tribunal - delivered its first ever opinion in a Danish transfer pricing dispute. Plesner represented in cooperation with Deloitte the multinational group with Danish roots in the arbitration proceedings, including in the oral presentation and discussion before the arbitration tribunal. The unanimous opinion of the arbitration tribunal leads to a significant reduction of the adjustment made by the Tax Agency (and a corresponding adjustment of the maintained part of the adjustment in the UK so that double taxation is fully eliminated).
Highlight - 04.03.2022
Kalaallit Airports signs contract with Canadian Pennecon Heavy Civil
Plesner is happy and proud to have assisted Kalaallit Airports once again in connection with the large infrastructure project involving the construction of three new airports.
Highlight - 25.02.2022
Total Specific Solutions acquires Helios Auto ApS
Plesner has assisted the shareholders of HSCT Holding ApS in connection with their sale of 100% of the shares in Helios Auto ApS to Total Specific Solutions.
Highlight - 02.02.2022
TDC NET enters into new secured infrastructure financing
Plesner is acting as lead transaction counsel to TDC Holding and its subsidiaries, TDC NET and Nuuday (TDC Group) in connection with a comprehensive financing transaction, including a new secured infra-structure financing for TDC NET.
Highlight - 31.01.2022
Quadoro acquires Køge Business Park
Plesner assisted Quadoro Investment GmbH in connection with the acquisition of Køge Business Park.
Highlight - 18.01.2022
Plesner advises on agreement for development of EU's largest geothermal heating plant
At Plesner, we are extremely proud of having advised Innargi and A.P. Moller Holding on entering into an agreement with AffaldVarme Aarhus to build and run EU’s largest geothermal heating plant in the Danish city of Aarhus.
Highlight - 14.01.2022
Capidea divests Westpack
Plesner advised Danish private equity fund Capidea and the other shareholders on the sale of Westpack to Swedish private equity fund Adelis Equity Partners. Plesner assisted Capidea on the acquisition in 2017 and has now advised Capidea in connection with the successful divestment.
Highlight - 07.01.2022
Capidea sells BROEN-LAB
Plesner has assisted the Danish private equity fund Capidea and the remaining shareholders in connection with their sale of BROEN-LAB A/S to American LI Enterprises Group.
Highlight - 05.01.2022
SAGA reaches EUR 720m hard cap in final close of SAGA VIII
On 13 December 2021, SAGA Private Equity reached the EUR 720 million hard cap in SAGA VIII, a fund-of-funds focusing on European and North American buy-out funds. SAGA VIII achieved commitments from 45 existing and new European investors. Plesner’s Private Investment Funds team advised SAGA during all stages of the fundraising.
Highlight - 23.12.2021
Emerson acquires Mita-Teknik
On 15 December 2021 Emerson acquired Mita-Teknik. Plesner has advised Emerson on the transaction.
Highlight - 17.12.2021
CataCap Management obtains license as alternative investment fund manager
CataCap Management has obtained its license as alternative investment fund manager (AIFM) from the Danish Financial Supervisory Authority. The license enables CataCap to manage alternative investment funds having more than 500 million EUR assets under management (AuM) and marketing its funds across Europe under the AIFMD passporting regime. Plesner has advised CataCap on obtaining its full AIFM license.
Highlight - 08.12.2021
RWE wins Thor Offshore Wind Park Tender (1000 MW)
On 1 December 2021 the Danish Ministry of Climate, Energy and Utilities and the Danish Energy Agency (DEA) announced that Thor Wind Farm I/S (owned by RWE AG, RWE Renewables GmbH and RWE Renewables Management UK Limited) won the tender for the 1000 MW Thor project, Denmark’s largest offshore wind farm to date.
Highlight - 02.12.2021
First Camp Group acquires Jesperhus Feriepark
Plesner advised First Camp Group on the acquisition of Jesperhus Feriepark, a holiday resort and campsite.
Highlight - 02.12.2021
The Danish cloud company cVation sold to the German company Skaylink
The Danish cloud company cVation A/S has been sold to the German company Skaylink GmbH. Plesner has acted as lead counsel for the sellers of cVation A/S on all legal matters regarding the transaction.
Highlight - 01.12.2021
The Eastern High Court rules against the tax payers in two new "beneficial owner" cases
Today, the Eastern High Court has given its judgment in another two test cases in the so-called "beneficial owner" group of cases. The High Court has ruled that Takeda (Nycomed) and NTC should have withheld tax at source in connection with payments of interest on group internal loans, and that they are liable for the unwithheld tax. The Ministry of Taxation has consequently prevailed in the cases. Plesner was in charge of Takeda's test case before the High Court. The judgment is expected to be appealed to the Supreme Court.
Highlight - 25.11.2021
LeDap Group acquires Padel Club Danmark
Triton-backed LeDap Group acquires Padel Club Danmark. Padel Club Danmark is the leading padel chain in Denmark and is currently operating 12 padel centers and 85 courts. In addition, Padel Club Danmark provides mobile padel courts through the company Padel PopUp. The existing management in Padel Club Danmark will continue to be actively involved in the combined business. Plesner advised Triton Partners on the transaction together with White & Case.
Highlight - 22.11.2021
Noble Corporation and Maersk Drilling announce agreement to combine
Noble Corporation and Maersk Drilling today announced that they have entered into a definitive business combination agreement to combine in a primarily all-stock transaction. Following the completion of the transaction, the Maersk Drilling shareholders and Noble shareholders will each own approximately 50% of the outstanding shares of the combined company. Plesner has acted as legal adviser for Noble Corporation in connection with the combination.
Highlight - 10.11.2021
Plesner advises on sale of attractive property in Frederiksberg, Copenhagen
Plesner has advised a company managed by CBRE Investment Management on the sale of a company owning a newly built property of approximately 14,000 sqm at Mariendalsvej 55-57 in Frederiksberg, Copenhagen. The buyer is Hines European Core Fund whose focus on the Nordic market has increased by its fourth acquisition in Denmark in two years.
Highlight - 04.11.2021
Plesner advises Catella Real Estate AG on the purchase of a development project in Ballerup
Catella Real Estate AG has entered into an agreement with CASA regarding purchase of the development project "Høje Haver" in Ballerup on behalf of a fund managed by Catella.
Highlight - 19.10.2021
Netcompany to acquire Intrasoft International
Netcompany has entered into an agreement to acquire Intrasoft International. Plesner has advised Netcompany on the transaction as lead counsel.
Highlight - 08.10.2021
Plesner advises Rosendahl Design Group in connection with its new distribution setup in Japan
Rosendahl Design Group and the Japanese distributor Nomad have entered into a distributor agreement regarding the sale and marketing of a number of Rosendahl Design Group's design brands in Japan. Plesner advised Rosendahl Design Group on this new distribution setup.
Highlight - 06.10.2021
Clever A/S signs Corporate Power Purchase Agreement with European Energy
Clever A/S has signed a ten-year Corporate Power Purchase Agreement (PPA) with European Energy. Plesner assisted CLEVER A/S with the signing of the agreement.
Highlight - 28.09.2021
Euro Real Estate acquires the property at Ny Østergade 24-30
Plesner advised Euro Real Estate on the acquisition of the property at Ny Østergade 24-30, 1101 Copenhagen K. The sellers, Lille Grundet Byg 1 ApS, 2L Holding A/S and BOLL+ Aps, were represented by Lundgrens.
Highlight - 28.09.2021
nShift acquires Webshipper
nShift, a global provider of cloud delivery management solutions for e-commerce shops, retailers, manufacturers and third-party logistics, has acquired Webshipper, a leading e-commerce cloud delivery management platform, serving over 5,000 e-commerce stores in Denmark. Plesner acted as lead counsel for nShift on the transaction.
Highlight - 24.09.2021
Nets successful in appeal proceedings against former Nets employee about sell back of employee shares
Today, the Danish Eastern High Court held that a settlement agreement between Nets and a former Nets employee could not be set aside as unfair. The settlement agreement concerned a sell back of employee shares, among other things. Plesner assisted Nets in the case.
Highlight - 24.09.2021
Capidea invests in Fairpoint Outdoors
The Danish private equity fund Capidea has entered into an agreement to acquire a controlling shareholding in Fairpoint Outdoors A/S specializing in fishing tackle. Plesner assisted Capidea with the transaction.
Highlight - 10.09.2021
Catella Real Estate and Orange Investment Managers acquire underground parking facility located centrally in Odense
Plesner has advised Catella Real Estate, which through the parking fund, Catella Parken Europa, has acquired an underground parking facility located centrally in Odense. The seller is Odense Municipality. The acquisition is the parking fund's third investment in Denmark carried out in collaboration with Catella's Dutch partner, Orange Investment Managers.
Highlight - 09.09.2021
European Energy issues EUR 300m green bonds and EUR 45m green revolving credit facility
Plesner is representing European Energy in connection with an issuance of EUR 300,000,000 senior unsecured green bonds due 2025 (the "Green Bonds") and concurrent establishment of a new EUR 45,000,000 green revolving credit facility (the "Green RCF").
Highlight - 02.09.2021
Plesner advises Flying Tiger Copenhagen in connection with its franchise expansion into Israel
Zebra A/S, the company behind the retail chain Flying Tiger Copenhagen and the Israeli retail fashion group Fox-Wizel Ltd. has entered into an International Franchise Agreement regarding Fox Group's exclusive rights to develop and operate the Flying Tiger Copenhagen franchise concept in Israel.
Highlight - 01.09.2021
ProData Consult to acquire French emagine Group
ProData Consult, the leading Northern European talent-centric provider of high-end business and IT consultants, has today announced that it is to acquire emagine Group that holds a strong market position in France, Germany, and United Kingdom. The transaction, facilitated by the private equity sponsor Axcel, is a significant milestone for ProData Consult in its aspiration to grow outside of the Nordics and will be the fourth acquisition, ProData Consult undertakes in less than two years. Plesner assisted Axcel with the transaction.
Highlight - 01.09.2021
Flying Tiger Copenhagen expands into the United Arab Emirates
Zebra A/S, the company behind the retail chain Flying Tiger Copenhagen and the Azadea Group have entered into an International Franchise Agreement regarding Azadea Group's exclusive rights to develop and operate the Flying Tiger Copenhagen franchise concept in the United Arab Emirates. Plesner has assisted Flying Tiger Copenhagen with the International Franchise Agreement.
Highlight - 23.08.2021
The Danish Western High Court sets aside the decision of the Danish Board of Equal Treatment in a case about religion and belief
On 23 July 2021, the Danish Western High Court announced its decision in a leading case that it was not in contravention of the prohibition against discrimination on the grounds of religion and belief when an educational institution had ordered a physical education teacher to be at work on a Saturday. Plesner assisted the educational institution in the case.
Highlight - 28.07.2021
Capidea invests in Dancover
The Danish private equity fund Capidea has entered into an agreement to acquire a controlling shareholding in Dancover A/S. Dancover is a leading European e-commerce business within tent solutions. Plesner assisted Capidea with the transaction.
Highlight - 23.07.2021
A.P. Møller Holding has acquired the Nissens Cooling Solutions business from Axcel-backed Nissens
A.P. Møller Holding has acquired 100% of the share capital in NCS International A/S which operates under the brand Nissens Cooling Solutions. Plesner advised A.P. Møller Holding on the transaction.
Highlight - 20.07.2021
Faerch Group acquires MCP Performance Plastic
Plesner has acted as lead counsels for Faerch Group, the Danish-based manufacturer of sustainable trays for the global food industry in connection with the acquisition of MCP Performance Plast.
Highlight - 20.07.2021
Hamilton Thorne acquires IVFtech and K4Technology
Plesner has assisted Hamilton Thorne in connection with the acquisition of IVFtech ApS and K4Technology ApS. Hamilton Thorne Ltd. is a publicly company traded on the Toronto Venture Exchange.
Highlight - 16.07.2021
Texthelp Group acquires WizKids
Plesner has assisted the Texthelp Group in connection with the acquisition of WizKids A/S, WizKids AB, WizKids AS, WizKids B.V. and WizKids Ltd. The Texthelp Group is backed by Five Arrows, the private equity business of Rothschild & Co.
Highlight - 13.07.2021
Sampension acquires a 49% stake of the shares in NRGi Renewables
Sampension has signed an agreement with NRGi Administration to acquire a 49% stake of the shares in NRGi Renewables. The parties thereby enter into a partnership to develop NRGi Renewables' activities within renewable energy. Plesner acted on behalf of Sampension.
Highlight - 07.07.2021
TDC NET signs corporate power purchase agreements with Better Energy
TDC Net has signed four corporate power purchase agreements (PPA) with Better Energy. Plesner has acted for TDC NET in connection with these PPAs.
Highlight - 01.07.2021
Axcel invests in ProData
Axcel has signed an agreement to acquire a large majority stake in ProData and partner with the founders and management of ProData to create a leading European provider of high-end IT consultants. Plesner acted as lead counsel for Axcel and advised on all legal aspects of the transaction, including the sellers' reinvestment.
Highlight - 01.07.2021
Plesner acts for Vipps on three-way Nordic merger with MobilePay and Pivo
Plesner has acted for Vipps (the Norwegian mobile payments market-leader owned by DNB and other Norwegian banks) in connection with the negotiation of an agreement with Danske Bank and OP Financial Group regarding a merger of Vipps, MobilePay and Pivo (the Finnish mobile payments market-leader). The merger will create a Nordic payments champion that, with 11 million users and 330,000 connected shops and businesses, is big enough to compete with Big Tech payments solutions. The transaction is conditional on competition clearance and local financial supervisory approvals of extensive corporate reorganisations of the three merging groups.
Highlight - 30.06.2021
CIP raises EUR 800 million in first closing of new Energy Transition Fund
Only two months after final closing of the latest flagship fund, Copenhagen Infrastructure IV, Copenhagen Infrastructure Partners (CIP) has raised EUR 800 million in the first closing of a new fund, Copenhagen Infrastructure Energy Transition Fund I (CI ETF I). CI ETF I will invest in next generation green energy infrastructure. Plesner's Private Investment Fund team advised CIP on all stages of the fundraising.
Highlight - 29.06.2021
Vækstfonden establishes Dansk Vækstkapital III
Vækstfonden has established Dansk Vækstkapital III with commitments of DKK 1.5 billion. Plesner advised Vækstfonden on the establishment of the investment fund.
Highlight - 24.06.2021
The Flying Tiger Copenhagen Group enters into a Warehousing and Logistics Services Agreement with Prime Cargo Poland
The Flying Tiger Copenhagen Group and Prime Cargo Poland have entered into a Warehousing and Logistics Services Agreement. Plesner acted as legal counsel for the Flying Tiger Copenhagen Group.
Highlight - 24.06.2021
Plesner advises PATRIZIA on the sale of the eastern part of Marmorbyen
Plesner has advised PATRIZIA (Patrizia Wohnmodul I Zwischenholding S.á.r.l.) on the sale of Ejendomsselskabet PADK M1 ApS and indirectly its property portfolio of 13,969 sqm., consisting of 128 residential commonhold units as well as 4 commercial units situated in Marmorbyen in Nordhavn.
The buyer is a company administrated by CBRE Global Investors.
Highlight - 21.06.2021
Norvestor acquires a majority stake in Globeteam
Plesner has assisted Kirk Kapital, Claus Moldow and Morten Strunge Nielsen, in connection with their sale of Globeteam A/S to the Norwegian private equity fund, Norvestor. Kirk Kapital, Claus Moldow and Morten Strunge Nielsen will re-invest alongside Norvestor.
Highlight - 16.06.2021
Distrupol acquires Lautrup Chemicals
Plesner has assisted Distrupol in connection with its acquisition of HLC-Hans Lautrup Chemicals A/S and HLC-Lautrup Scandinavian Chemicals A/S (collectively referred to "Lautrup Chemicals"). Plesner assisted Distrupol as lead counsel.
Highlight - 16.06.2021
Plesner advises Flying Tiger Copenhagen in connection with its franchise expansion into Saudi Arabia
Zebra A/S, the company behind the retail chain Flying Tiger Copenhagen and the Saudi Arabian retail fashion group Fawaz Abdulaziz Alhokair & Co. has entered into an International Franchise Agreement regarding Fawaz Abdulaziz Alhokair & Co.'s exclusive rights to develop and operate the Flying Tiger Copenhagen franchise concept in Saudi Arabia.
Highlight - 15.06.2021
Sentia sells data center
Plesner has advised Sentia Denmark A/S, a subsidiary of the Dutch Sentia Group, on the sale of its Danish data center to Penta Infra, one of Europe's leading operators of data centers
Highlight - 15.06.2021
Equinor sells its Danish refining business
Equinor has entered into an agreement with the Klesch Group for the sale of Equinor's shares in Equinor Refinering Denmark A/S. Plesner has assisted Equinor in connection with the sale.
Highlight - 14.06.2021
Plesner advises Tryg in connection with the sale of Codan Denmark
Tryg A/S and Intact Financial Corporation have entered into a conditional share purchase agreement for the sale of Codan's Danish business to Alm. Brand A/S. Plesner has advised Tryg A/S in connection with the sale.
Highlight - 11.06.2021
GRO Capital raises continuation vehicle to continue journey with prior portfolio company of GRO Fund I
On 4 June 2021, GRO Capital announced the establishment of a continuation vehicle for the purpose of holding a minority interest in Trackunit, a former portfolio company of GRO Fund I. Backed by Danish and non-Danish investors, GRO Capital thereby continues to support Trackunit going forward, while also providing an exit for GRO Fund I. Plesner's Private Investment Funds team advised GRO Capital on all stages of the fundraising.
Highlight - 10.06.2021
Triton acquires FairWind A/S
Plesner has assisted Triton, an international private equity fund, as lead counsel in connection with Triton's acquisition of FairWind A/S, a global leader within wind turbine installation and service.
Highlight - 09.06.2021
DEAS takes over the management of Aberdeen’s Nordic property portfolio
Plesner assists Deas Asset Management A/S in connection with the negotiation and conclusion of asset management agreements concerning Aberdeen Standard Investments’ total property portfolio in Sweden, Norway, Finland and Denmark
Highlight - 02.06.2021
Tryg completes acquisition of RSA
On 1 June 2021, Tryg A/S and Intact Financial Corporation have completed their acquisition of the British insurance company RSA Insurance Group plc. Plesner has acted as legal adviser for Tryg in connection with the acquisition.
Highlight - 01.06.2021
Plesner acts for Tryg Forsikring on the listing of DKK 2.3bn capital notes
Plesner has assisted Denmark’s largest insurance company, Tryg Forsikring, with the issue of NOK 850m and SEK 1.3bn of capital notes, so-called Tier 2 capital and the subsequent listing of the notes, together with SEK 1bn Restricted Tier 1 capital which Tryg Forsikring, with the aid of Plesner, issued in February, on Oslo Stock Exchange. The combined issuance and listing is one of the largest in the Nordics in recent years.
Highlight - 01.06.2021
Plesner advises on the sale of Magasin
Plesner assisted as legal adviser to Department Stores Realisations Limited (in administration) ("Debenhams") with the sale of Aktieselskabet Th. Wessel & Vett. Magasin du Nord ("Magasin") to German fashion retailer Peek & Cloppenburg.
Highlight - 28.05.2021
Plesner advises Trifork in its IPO on Nasdaq Copenhagen
On 27 May 2021, Swiss domiciled next-gen IT group Trifork has been listed on Nasdaq Copenhagen. Plesner advised Trifork in connection with the offering and listing.
Highlight - 27.05.2021
Plesner represents Reconor Group on successful refinancing
Plesner has advised Reconor Group on the successful refinancing of its existing debt and the financing of the group's strategic acquisition of Sten & Grus Prøvestenen A/S. The new financing is provided by way of senior term loan B and acquisition/capex facilities, together with a super senior revolving credit facility for general corporate purposes.
Highlight - 17.05.2021
Plesner successful in leading case before the Supreme Court concerning valuation of minority shareholdings subject to compulsory redemption
On 10 May 2021, the Danish Supreme Court delivered judgment in favour of Plesner’s clients in a case concerning the valuation of minority shareholdings in connection with compulsory redemption by the majority shareholder.
Highlight - 11.05.2021
Plata creates peer-to-peer lending platform
Plata ApS has created a peer-to-peer lending platform allowing Danish individuals to lend money to each other.
Highlight - 05.05.2021
The Eastern High Court rules in favour of NetApp in the "beneficial owner" cases
The Eastern High Court has given its judgment in the two first test cases in the so-called "beneficial owner" group of cases - with two different outcomes. The High Court has ruled that NetApp was not obliged to withhold tax at source in connection with a major dividend distribution, and the company has consequently prevailed in the case. Plesner represented NetApp in this pilot case both before the High Court and the National Tax Tribunal (which also ruled in favour of NetApp).
Highlight - 03.05.2021
New binding ruling - exit programme considered subject to section 7 P of the Danish Tax Assessment Act
On 27 April 2021, the Danish National Assessment Council confirmed in a binding ruling that warrants granted to a company's employees can be considered subject to section 7 P of the Danish Tax Assessment Act, even if it was only possible to exercise such warrants in connection with an exit event. Plesner advised the company.
Highlight - 29.04.2021
Studentbostäder i Sverige AB acquires a development project of DKK 1.2 billion in Copenhagen
Plesner has advised the Swedish listed real estate company Studentbostäder i Sverige AB (publ) in connection with the structuring of and negotiation and conclusion of the purchase agreement regarding a student housing development project on Engvej in Copenhagen with a value of approx. DKK 1.2 billion comprising 578 student apartments as well as 4 commercial units. The seller is the property developer Gefion Group, selling its largest real estate project to date.
Highlight - 27.04.2021
Capidea sells Ellepot to Kirk Kapital and Karsten Ree Holding
Danish private equity fund Capidea has agreed to sell Ellepot to a company owned by Kirk Kapital and Karsten Ree Holding. Plesner advised Capidea on the transaction.
Highlight - 27.04.2021
Plesner advises Gefion Group A/S on the sale of Telegrafkollegiet located in Ballerup, Denmark
Plesner has advised Gefion Group A/S on the sale of Telegrafvej 5A-B, 2750 Ballerup 'Telegrafkollegiet' consisting of 262 condominiums and a number of common facilities to Catella European Student Housing Fund II.
Highlight - 21.04.2021
Copenhagen Infrastructure IV reaches EUR 7bn hard cap
On 16 April 2021, after one year of global fundraising, Copenhagen Infrastructure Partners (CIP) reached the EUR 7bn hard cap in their global greenfield renewables energy fund Copenhagen Infrastructure IV (CI IV). CI IV achieved commitments from approximately 100 institutional investors from the Nordics, Europe, North America, Asia and Australia. Plesner’s Private Investment Fund team advised CIP during all stages of the fundraising.
Highlight - 20.04.2021
Plesner advises PATRIZIA on the sale of a property portfolio in Frederiksstaden
Plesner has advised PATRIZIA on the sale of PATRIZIA Royal ApS and thereby its property portfolio consisting of 99 residential commonhold units and 56 parking spaces. The property portfolio is located on Dronningens Tværgade, situated in central Copenhagen, Denmark. The purchaser is an undisclosed foreign investor represented by Catella Investment Management.
Highlight - 08.04.2021
Plesner represents European Energy on new issuance of hybrid green bonds
Plesner is representing European Energy in connection with its tap issuance of EUR 75,000,000 callable subordinated green capital securities due 3020 (the "hybrid green bonds").
Highlight - 08.04.2021
Novo Holdings, Sampension and European Energy establish investment fund
Novo Holdings, Sampension and European Energy have invested in aggregate 650 million DKK in a new investment fund, Renewable Energy Partnership I, managed by European Energy. The purpose of the investment fund is to purchase land areas in Denmark and Sweden, which shall serve as housing for onshore wind and solar energy parks. Through debt financing, the fund may invest more than 1.5 billion DKK. Plesner advised European Energy on the establishment of the investment fund.
Highlight - 06.04.2021
Plesner advises Trustpilot in connection with listing on the London Stock Exchange
On 26 March 2021, Trustpilot, the Danish online consumer review platform, was admitted to trading and official listing on the London Stock Exchange. Plesner advised Trustpilot on the Danish aspects of the listing and the preceding restructuring of the group in connection with the formation of a new parent company for the group in the UK.
Highlight - 29.03.2021
Plesner assists LEO Foundation and LEO Pharma in connection with EUR 450 million investment by Nordic Capital
Plesner has advised the LEO Foundation and LEO Pharma in connection with Nordic Capital's EUR 450 million investment in LEO Pharma. The partnership of the LEO Foundation and Nordic Capital and the investment shall further strengthen and support LEO Pharma's position as a global leader in medical dermatology.
Highlight - 23.03.2021
Dismissal of case due to lack of jurisdiction in Denmark
In a case instituted by Garantifonden for Skadeforsikringsselskaber (the “Guarantee Fund”) against an insurance broker, a reinsurance company and an insurance company in bankruptcy, which were all foreign, the issue of jurisdiction had been tried and heard separately. The three defendants claimed dismissal of the case, pleading that the Danish courts did not have jurisdiction to hear the claims.
By a judgment of 18 January 2021, the Eastern High Court set the case down for a hearing on the merits against one of the defendants but dismissed the case against the two other defendants, the reinsurance company (Barbican Speciality Reinsurance) and the insurance company, due to lack of jurisdiction. The judgment has not been appealed to the Supreme Court. Plesner advised Barbican on the matter.
Highlight - 22.03.2021
Tryg Forsikring issues SEK 1bn Restricted Tier 1 capital notes
Plesner assisted Denmark’s largest insurance company, Tryg Forsikring, with a SEK 1bn issue of capital notes, so-called Restricted Tier 1 capital. The notes were primarily sold to Scandinavian asset managers and pension funds.
Highlight - 01.03.2021
Capidea invests in Maki
The Danish private equity fund Capidea has entered into an agreement to acquire a controlling shareholding in Maki Investment ApS (and thereby indirectly in Maki A/S). Maki is the largest distributor of toys and games in the Nordic region. Plesner acted as lead counsel for Capidea.
Highlight - 26.02.2021
Danish distributor group successful in landmark transfer pricing case before the Danish National Tax Tribunal
On 28 October 2020, the Danish National Tax Tribunal ruled in favour of a Danish distributor group in a landmark transfer pricing case regarding the income years 2010-2012. The case was conducted by Plesner.
Highlight - 22.02.2021
REinvent is first Danish enterprise to benefit from the European Investment Fund's Cultural and Creative Sectors Guarantee Facility
As the first in Denmark, the production company REinvent Studios, a packaging, financing and sales studio for Danish films and TV series, has entered into a EUR 26m guarantee facility agreement with the European Investment Fund (“EIF") under EIF's new Cultural and Creative Sectors Guarantee Facility. Plesner represented EIF in the negotiations concerning the facility.
Highlight - 05.02.2021
Payment services provider Yourpay authorised as payment institution
Plesner assisted Danish card acquirer and payment gateway Yourpay in obtaining authorisation as a payment institution. Plesner’s services included drafting of compliance documentation, extensive fit and proper approvals, advising on capital base and capital requirements as well as detailed discussions with the Danish Supervisory Authority.
Highlight - 03.02.2021
Plesner has assisted Zealand Pharma A/S with a successful equity raise
Plesner has assisted our long-time client Zealand Pharma with an equity raise of approximately DKK 749 million through a directed issue and private placement of new ordinary shares. The equity raise qualifies as the largest equity raise Zealand Pharma has ever completed.
Highlight - 29.01.2021
Shell refinery sold to US private investment company
US private investment company Postlane Partners has acquired A/S Dansk Shell and takes over the oil refinery and the marine terminal in Fredericia.
Highlight - 25.01.2021
Plesner advises NREP and Reitan on sale of the Vogterhuset property in Odense to Aberdeen
Plesner has advised NREP and Reitan on the sale of a joint venture company owning the 25,000 sqm residential and commercial property in Odense known as Vogterhuset. The buyer is a Danish company controlled by Aberdeen Standard Pan-European Residential Property Fund and administered by Aberdeen Standard Investments.
Highlight - 19.01.2021
REInvest Asset Management and DEREIF Copenhagen V ApS acquire 3 buildings in the Carlsberg City District
Plesner has advised REInvest Asset Management and DEREIF Copenhagen V ApS on the purchase of Mineral Water House, Mineral Water Factory and Theodora House situated in the high-end development area, Carlsberg City District, in the heart of Copenhagen, Denmark.
The seller is Carlsberg Byen, a property company ultimately owned by Carlsberg Breweries and three Danish pension funds, PFA Pension Forsikringsaktieselskab, Pensam Liv Forsikringsaktieselskab and Topdanmark Livsforsikring A/S.
Highlight - 13.01.2021
Unifaun and Consignor announce merger agreement
Unifaun, a leading Stockholm-based cloud Transport Administration Systems (“TAS”) platform, and Consignor, an Oslo-based cloud TAS platform, have entered into a definitive merger agreement. Plesner acted as lead counsel for Marlin Equity Partners, Unifaun’s majority owner, on the transaction.
Highlight - 08.01.2021
Envases Europe acquires HUBER Packaging Group in Germany
Envases Europe A/S, part of the Envases Group, a leading global producer of food packaging, has entered into an agreement to acquire HUBER Packaging Group, a producer of metal and plastic packaging in Central Europe. Plesner acted as the lead counsel for Envases Europe A/S.
Highlight - 23.12.2020
FSN Capital to acquire a large minority stake in Obton Group
The leading private equity firm, FSN Capital, has signed an agreement to acquire a 45% stake in Obton Group and enter into a partnership with the founders and management. Obton Group is an alternative investment provider and one of Europe's largest solar energy managers. Plesner acted as lead counsel for FSN Capital.
Highlight - 16.12.2020
Advent International sells Faerch Group to A.P. Møller Holding
Faerch Group, the Danish-based manufacturer of sustainable trays for the global food industry with subsidiaries in five European countries and more than 1,400 employees, has been acquired by A.P. Møller Holding from Advent International. Plesner has acted as lead counsels for Advent International on all legal matters connected with the transaction.
Highlight - 15.12.2020
Commercial Real Estate Denmark P/S sells property comprising residential, retail and office space in Østerbro
Plesner advised Commercial Real Estate Denmark P/S ("CRED") on the sale of a large property comprising residential, retail and office space in Østerbro in Copenhagen. The buyer is a property company owned by the Danish pension and life insurance provider PenSam.
Highlight - 11.12.2020
Danish Supreme Court finds that fee for commercial waste disposal was levied unlawfully
According to today’s judgement, the administrative fee for commercial waste disposal levied by Danish municipalities from 2010 to 2018 on undertakings which did not produce waste was unlawful. The fee was levied on approximately 300,000 undertakings.
Highlight - 07.12.2020
Lessee's improvements considered permanent in spite of an obligation to restore premises
In a case between a lessor and a lessee, the Danish Eastern High Court found that improvements of leased premises carried out by the lessee should be disregarded and that such improvements can be considered to be permanent, even if the lessee has an obligation to restore the premises on vacation.
Highlight - 30.11.2020
Ineos acquires Spirit Energy in Denmark
Ineos acquires Spirit Energy in Denmark and takes over 40% of the ownership of the Hejre license and 30% of the Solsort license.
Highlight - 20.11.2020
Plesner advises Tryg in possible acquisition of RSA together with Canadian Intact
Tryg A/S has together with Canadian Intact submitted a recommended cash offer of about DKK 60 billion for British RSA, which inter alia owns Swedish Trygg-Hansa as well as Danish and Norwegian Codan. If the transaction is completed, Tryg will acquire Trygg-Hansa and Codan in Norway, making Tryg the largest P&C insurance company in Scandinavia. Plesner is acting as advisor for Tryg in connection with the transaction.
Highlight - 18.11.2020
Faerch acquires Sirap food packaging business in Italy, Poland and Spain
Faerch A/S with headquarter in Denmark will acquire the Sirap food packaging business headquartered in Italy but with business units and production sites Italy, Poland and Spain in a carve out from the Sirap group. The acquired business employs approx. 1,000 employees. Plesner has acted as lead counsels on all legal matters connected with the transaction.
Highlight - 06.11.2020
Copenhagen Airports A/S and Netcompany A/S have formed a joint venture to develop and market innovative digital airport platform
On 9 October 2020, Copenhagen Airports A/S and Netcompany A/S have formed a joint venture for the development and marketing of an innovative digital platform for airport management able to meet the requirements for efficient and sustainable airport operations.
Highlight - 15.10.2020
Plesner advises Hines on the acquisition of the iconic office building Portland Towers
Plesner has advised Hines on the purchase of the iconic office building Portland Towers situated in the high-end development area, North Harbour, in Copenhagen, Denmark. The seller is a property company owned by ATP Ejendomme, PensionDanmark Ejendomme og PFA Ejendomme.
Highlight - 15.10.2020
Plesner advises Lundbeck on EMTN bond programme and debut issue
The global pharmaceutical company H. Lundbeck A/S has just established an EMTN bond programme and a debut issue under the programme.
Highlight - 08.10.2020
Plesner successfully assist in upholding fit & proper status of senior management member
On 6 October 2020, the board of directors of the Danish FSA decided to uphold the fit & proper status of a senior management member holding positions in several financial undertakings. This is the second time within a short period Plesner successfully assists a senior management member of a financial undertaking in demonstrating that the person meets the requirements to be considered fit & proper in a matter of principle importance before the board of directors of the Danish FSA.
Highlight - 07.10.2020
Orphazyme A/S US IPO
The Danish biotech company Orphazyme A/S listed on Nasdaq Copenhagen A/S has completed a global offering, which included an initial public offering of American Depositary Shares on the Nasdaq Global Market in the United States and an European private placement of ordinary shares. Orphazyme A/S has raised DKK 535 million as part of the global offering.
Highlight - 02.10.2020
Former employee wrongfully applied for a patent and exploited employer's trade secrets
The Maritime and Commercial High Court has just decided a leading case; ruling on a number of issues relating to intellectual property. The court decision specifies what it takes to constitute proper notification by an employee to an employer about an invention. Additionally, the decision addresses whether the employee exploits the employer's trade secrets by applying for a patent, and what it means if the employer itself decides to make the trade secrets public at a later point. Plesner represented the employer in the trial.
Highlight - 15.09.2020
Plesner represents European Energy A/S on new hybrid green bonds
Plesner represents European Energy A/S on its issuance of new hybrid green bonds and concurrent written procedure to amend the terms and conditions of its existing senior secured green bonds.
Highlight - 10.09.2020
Nordic Capital acquires Siteimprove
Nordic Capital has acquired 70% of the shares in the Danish software firm, Siteimprove, from the brothers Morten and Niels Ebbesen and the private equity fund Summit Partners. Plesner has been lead counsel to Nordic Capital in connection with the transaction.
Highlight - 04.09.2020
Marlin Equity Partners acquires Unifaun
Marlin Equity Partners has acquired Swedish software provider Unifaun from Vetruvian Partners. Plesner acted as lead counsel for Marlin Equity Partners on the transaction.
Highlight - 27.08.2020
Sustainable nursing home gets new international investor as owner
Scandinavian Property Development A/S sells a privately built nursing home to Northern Horizon. Plesner has assisted Scandinavian Property Development A/S.
Highlight - 26.08.2020
Trade secrets exploited by competitor
The Commercial and Maritime High Court has just handed down a decision in a case regarding abuse of trade secrets. The Court found that the Danish company Emco had abused the Finnish company Valmet's trade secrets.
Plesner represented Valmet.
Highlight - 24.08.2020
Fibia enters into new contractual framework for fibre wholesale network - Nuuday is first service provider
Fibia has opened its fibre network and has entered into the first wholesale agreement with Nuuday. Due to the wholesale agreement all customers on Fibia's network will be able to choose products from Nuuday from the beginning of the new year. The new collaboration will provide 500,000 families and businesses with new opportunities for delivery of broadband. Plesner advised Fibia on the drafting of the wholesale agreement and was also involved in the negotiations between Fibia and Nuuday.
Highlight - 20.08.2020
Plesner provides advice to LB Forsikring A/S on the sale of 6 headquarter properties in the city centre of Copenhagen
LB Forsikring A/S and the property company Jeudan A/S have entered into an agreement regarding the sale of a portfolio of properties with a collective value of more than DKK 400 million. The portfolio comprises six properties that previously housed the LB group's headquarters.
Highlight - 20.08.2020
ECCO successful in landmark transfer pricing case before the Danish Western High Court
On 2 July 2020 the Danish Western High Court ruled in favour of ECCO Sko A/S (ECCO) in a landmark transfer pricing case and set aside the Danish tax authorities' discretionary increase of the company's taxable income for the income year 2005. The case was conducted by Plesner.
Highlight - 06.08.2020
Plesner assists UNION therapeutics A/S in acquisition of compound series from LEO Pharma A/S
On 21 July 2020, UNION therapeutics announced the acquisition of the global rights for the LEO PDE4 inhibitor compound series, a series of PDE4 inhibitors discovered by LEO Pharma.
Plesner assisted UNION therapeutics in connection with the acquisition of the compound series, which after the transaction is to be re-named UNI500.
Highlight - 27.07.2020
Plesner advises Nuveen Real Estate on its first investment in Denmark
Nuveen Real Estate has entered into an agreement with Bach Gruppen for the purchase of a project of approximately 15,000 sqm comprising 390 flats suitable for students, a fitness centre and a café located in the area called Bryggens Bastion close to Islands Brygge in Copenhagen. The project is under construction and is expected to be completed during the second half of 2022. The development will also comprise a day-care centre for the municipality of Copenhagen and an underground car park.
Highlight - 17.07.2020
2E Group sells 148 sustainable homes to NREP
Plesner advised 2E Group in connection with the conclusion of agreements on the transfer of 148 homes in Egedal Stationsby.
Highlight - 14.07.2020
Capidea sells FlexoPrint to Optimum Group
The private equity fund Capidea sells the portfolio company FlexoPrint to the Dutch Optimum Group, which is backed by IK Investment Partners. The sale of FlexoPrint is Capidea's first exit in Capidea's latest fund. Plesner advised Capidea on the acquisition in 2018 and has now advised Capidea in connection with the successful sale.
Highlight - 14.07.2020
Plesner assists Joint Global Coordinators in connection with a rights issue in Bang & Olufsen A/S
Bang & Olufsen has today completed a fully underwritten rights issue of DKK 409 million. Plesner assisted Carnegie Investment Bank and Nordea in connection with the transaction.
Highlight - 01.07.2020
Novozymes acquires Irish-based PrecisionBiotics Group
Danish listed company Novozymes A/S has acquired the Irish based PrecisionBiotics Group to advance Novozymes' activities in the area of biological solutions for human oral and gut health - one of the growth pillars in Novozymes' strategy 'Better business with biology'. Plesner has advised Novozymes on the acquisition in collaboration with Arthur Cox.
Highlight - 29.06.2020
NH Hotel Group enters into lease with ATP Real Estate
Plesner assisted NH Hotel Group in negotiating and entering into a hotel lease for the property known as "Ørkenfortet" (the "desert fortress") located at Strandgade 7 in Copenhagen and owned by ATP Real Estate.
Highlight - 23.06.2020
Plesner assisted Zealand Pharma with a successful equity raise
Plesner has assisted our long-time client Zealand Pharma A/S with an equity raise of approximately DKK 657 million through a directed issue and private placement of approximately 2.68 million new ordinary shares.
Highlight - 19.06.2020
Volkswagen Semler Finans Danmark A/S enters into implementation and operation agreement with Banqsoft AS
Volkswagen Semler Finans Danmark A/S has entered into an agreement concerning implementation and operation of an important IT solution from the software company Banqsoft AS. The solution is crucial for the ambition of Volkswagen Semler Finans Danmark A/S to become the leading supplier of financing solutions for the automotive industry in Denmark. Plesner has assisted Volkswagen Semler Finans Danmark A/S throughout the process.
Highlight - 04.06.2020
Nicace Holding sells a large minority stake in APC Forsikringsmæglere
Through his holding company Nicace Holding, founder and CEO of APC Forsikringsmæglere Peter Lindblad has agreed to sell a substantial minority shareholding in APC to Söderberg & Partners. Prior to the sale to Söderberg & Partners, Nicace Holding acquired, in a separate transaction, the shareholding of the former minority owner APC Partner 1. Plesner advised Nicace Holding on both transactions.
Highlight - 14.05.2020
State-guaranteed EUR 400m coronavirus financing
One of Denmark's largest state-guaranteed coronavirus financings so far has fallen into place. Plesner advised an international syndicate of banks represented by Nordea in connection with the establishment of a new EUR 400m credit facility for Pandora A/S.
Highlight - 05.05.2020
Templafy raises USD 25M to accelerate global expansion
Danish software company Templafy has raised USD 25 million to further accelerate its global expansion. Plesner advised Templafy in connection with the raising of capital.
Highlight - 29.04.2020
VP Securities sold to Euronext
The Danish Central Bank (Nationalbanken), Danske Bank, Nykredit, Nordea and Jyske Bank have agreed to sell their shares in VP Securities to the pan-European exchange and market infrastructure group, Euronext. Euronext will acquire approx. 70% of the shares in VP Securities. Plesner has advised the Danish Central Bank, Danske Bank, Nykredit, Nordea, Jyske Bank, Jyske Realkredit and LR Realkredit in relation to the transaction.
Highlight - 24.04.2020
Orange Investment Managers acquires parking facility in Copenhagen
Orange Investment Managers completes another investment in Copenhagen on behalf of a European fund under Catella Real Estate AG focusing on parking facilities. Plesner advised Orange Investment Managers on the transaction.
Highlight - 08.04.2020
Symphogen sold to Servier
The French international pharmaceutical company Servier has entered into an agreement to buy the biotech company Symphogen. Plesner has advised the sellers of Symphogen in relation to the transaction.
Highlight - 03.04.2020
Yokogawa acquires Grazper Technologies
Japanese listed company Yokogawa Electric Corporation has just acquired the Danish software company Grazper Technologies. Plesner has advised Yokogawa on the transaction.
Highlight - 26.03.2020
NREP and By & Havn sell development company to PFA
NREP and By & Havn, joint owners of development company RetReal NSF Nordhavn 1 P/S (Nordhavn P/S), sell Nordhavn P/S to Danish pension provider PFA. Plesner advised NREP on the transaction.
Highlight - 03.02.2020
Preliminary injunction against the veterinary drug Forceris
By a ruling of 3 January 2020, Bayer has obtained a preliminary injunction from the Maritime and Commercial High Court against the sale, use and possession of Ceva's veterinary drug Forceris. Plesner represented Bayer in the trial.
Highlight - 24.01.2020
Patrizia sells Galleri K in Copenhagen
German property investor Patrizia has sold the attractive property Galleri K centrally located in the pedestrian street "Strøget" in the city centre of Copenhagen. Plesner advised Patrizia on the transaction.
Highlight - 22.01.2020
Europa Capital and Keystone Investment Management sell yet another residential property
Property investors Europa Capital and Keystone Investment Management A/S have, for the second time in a month, sold a newly built, fully let residential property to German property investor Patrizia. Plesner advised Europa Capital and Keystone Investment Management on the transaction.
Highlight - 19.12.2019
Infranode invests in development of Northern Europe's largest solar park
The Swedish infrastructure fund, Infranode, has completed its first energy investment in Denmark for development of the largest solar park to date in Northern Europe.
Highlight - 13.12.2019
FSN Capital sells Fitness World to PureGym
FSN Capital and other shareholders in Fitness World have sold 100% of the shares in the leading fitness provider to PureGym. Plesner has advised the sellers in connection with the transaction.
Highlight - 12.12.2019
Veloxis receives tender offer from Asahi Kasei Group
Following a structured process, Veloxis Pharmaceuticals A/S ("Veloxis"), a company listed on Nasdaq Copenhagen, today entered into a transaction agreement with Asahi Kasei Pharma Denmark A/S ("Asahi Kasei") about Asahi Kasei's recommended conditional voluntary public offer to purchase all issued and outstanding shares and warrants in Veloxis. The board of directors of Veloxis has unanimously recommended that the shareholders accept the offer from Asahi Kasei. Plesner advised Veloxis in connection with the transaction.
Highlight - 25.11.2019
Europa Capital and Keystone sell newly built residential property
Property investors Europa Capital and Keystone have just sold a large newly built residential property in Valby to German property investor Patrizia. Plesner advised Europa Capital and Keystone on the transaction.
Highlight - 18.11.2019
Novo Holdings, Nordic Capital and Astorg to invest in ERT
The private equity group Astorg invests in eResearch Technology Inc. ("ERT") and will enter as a partner alongside existing owners Novo Holdings A/S, Nordic Capital, and the ERT management team. Plesner has advised Novo Holdings A/S in relation to the transaction.
Highlight - 24.10.2019
Harpun wins case against Knudsen Kilen about the design of mountings
Harpun can still sell its mountings for the building in and refitting of windows. That is the result of the Maritime and Commercial High Court's decision on the matter on 9 September 2019.
Harpun wins case against Knudsen Kilen about the design of mountings - 18.10.2019
Templafy obtains DKK 80m new capital in the form of Venture Debt
The Danish software company Templafy has obtained commitments for in total DKK 80m Venture Debt from Vækstfonden and Danske Bank. Plesner represented Templafy on the transaction.
Highlight - 16.10.2019
Plesner advises on Denmark's first Corporate Power Purchase Agreements
Plesner has over a long period of time been involved in negotiating the first Corporate PPAs in Denmark based on renewable onshore energy sources. The purpose of Corporate PPAs is to enter into agreements on fixed energy prices and reduce the carbon foot print of the corporation (the purchaser) at the same time by contributing to investment in and production of renewable energy.
Highlight - 03.10.2019
Niam acquires Copenhagen Towers in the largest real estate deal of the year
Niam, the Swedish private property owner, has acquired Copenhagen Towers in Ørestad (Copenhagen) from Solstra Capital Partners at a price of approximately DKK 2.3bn. Plesner advised Niam in connection with the transaction.
Highlight - 26.09.2019
Ørsted is again acquitted of the Danish competition authorities' claim of abuse
The claims against Elsam (now Ørsted) of alleged excessive pricing and abuse of a dominant position in Western Denmark have now been completely dismissed. Accordingly, the cases between Elsam and the Danish competition authorities have been concluded. Plesner represented Elsam.
Highlight - 25.09.2019
Plesner acts for Lundbeck on DKK 13.2bn credit facilities
Plesner has acted for pharmaceuticals company H. Lundbeck A/S on two recent credit facilities with an aggregate amount of approximately DKK 13.2bn. Part of the facilities will be applied to finance Lundbeck's acquisition of US biopharmaceuticals company Alder BioPharmaceuticals Inc. announced on 16 September 2019.
Highlight - 17.09.2019
Ferrero acquires Kelsen Group
Ferrero-owned CTH Invest SA has agreed to acquire the Kelsen Group from Campbell Soup Co for USD 300m. Davis Polk & Wardwell and Plesner represented CTH Invest SA in connection with the acquisition.
Highlight - 06.08.2019
Mono Solutions joins Bauer Media Group
Danish software provider Mono Solutions has entered into an agreement with Bauer Media Group to join the international media group. Plesner acted as adviser to Mono Solutions in connection with the sale.
Highlight - 05.08.2019
Aleris sold to Triton
Healthcare provider Aleris has been sold to Triton for EUR 264m. Plesner advised Aleris and its owner Investor AB on the transaction.
Highlight - 15.07.2019
A.P. Møller Holding A/S acquires KK Wind Solutions
A.P. Møller Holding A/S has acquired 100% of the share capital in KK Group A/S from Solix Group AB. Plesner advised A.P. Møller Holding A/S on the transaction.
Highlight - 11.07.2019
European Energy issues EUR 140m green bonds
European Energy A/S has successfully completed an issuance of EUR 140,000,000 senior secured green bonds due 2023 at a floating interest rate of EURIBOR (3 months) plus 5.35%.
Highlight - 08.07.2019
L Catterton sells SteelSeries to Axcel
L Catterton, the largest and most global consumer-focused private equity firm, has entered into a definitive agreement to sell SteelSeries, the leading global gaming platform, to the Nordic private equity firm Axcel. The founder, Jacob Wolff-Petersen, and management will re-invest alongside Axcel. Plesner has acted as lead legal counsel to the sellers and has assisted L Catterton and management with all legal aspects of the transaction.
Highlight - 02.07.2019
Maus Frères acquires the Danish distributor of GANT
Maus Frères S.A. has concluded an agreement with the Danish distributor of the Gant clothing brand to acquire the company which owns the rights to distribute Gant in Copenhagen. Plesner advised Maus Frères S.A. on the transaction.
Highlight - 01.07.2019
EMK Capital acquires Covidence
UK equity firm EMK Capital has agreed to acquire Covidence, a global technology leader in surveillance technology, from private equity firm Montagu. Plesner acted as advisor to EMK Capital.
Highlight - 28.05.2019
Templafy acquires iWRITER
Danish template management software company Templafy has acquired Netherlands-based iWRITER. Plesner acted as lead counsel for Templafy on the transaction.
Highlight - 07.05.2019
Capidea sells OPTIWARE to Aptean
Capidea has recently agreed to sell software provider OPTIWARE to US-based Aptean. Plesner advised Capidea in connection with the transaction.
Highlight - 06.05.2019
Marlin Equity Partners acquires Puzzel
Marlin Equity Partners has acquired Norwegian software provider Puzzel AS from Herkules Private Equity. Plesner acted as lead counsel for Marlin Equity Partners on the transaction.
Highlight - 06.05.2019
The National Tax Tribunal Reduces the Danish Tax Agency's Increase by 91 % in a New Transfer Pricing Ruling
The National Tax Tribunal has ruled in yet another case regarding transfer pricing and has reduced the Danish Tax Agency's increase of the taxable income by almost DKK 3.8 bn. corresponding to 91 %. Plesner represented the companies in the case.
Highlight - 11.04.2019
GRO Capital invests in Adform
Danish private equity fund GRO Capital has agreed to become a shareholder in software company Adform. Plesner advised GRO Capital on the transaction.
Highlight - 09.04.2019
Teva is successful in patent case about multiple sclerosis drug
Teva has been successful in its application for a preliminary injunction against the sale of a generic drug marketed by pharmaceutical company Mylan. Plesner represented Teva during the legal proceedings.
Highlight - 05.04.2019
Maersk's light blue colour is registered as a trademark
A.P. Møller - Mærsk A/S (Maersk) has now obtained a Danish trademark registration for the colour 'Pantone Maersk Blue' in class 39 for "sea freight transport". The trademark is a so-called colour trademark which means that the colour as such enjoys protection under the Danish Trademark Act. Plesner represented Maersk in the case.
Highlight - 15.03.2019
Temasek acquires 30% of Haldor Topsøe
Global investment company Temasek has signed an agreement with the Topsøe family to purchase 30 % of the shares in Haldor Topsøe A/S. Plesner assisted Temasek with the transaction.
Highlight - 15.03.2019
Teracom A/S completes DKK 460m mortgage financing of communications infrastructure
Plesner has acted for Teracom A/S in connection with a DKK 460m mortgage financing provided by Nykredit. The mortgage loan is secured on Teracom's nationwide communications infrastructure composed of fibre-optic cables as well as communications masts and satellite arrays.
Highlight - 05.03.2019
MobilePay's well-known "sent" confirmation sound registered as a sound trademark
The Danish Patent and Trademark Office has approved MobilePay's digital "sent" confirmation sound as the first Danish MP3 sound trademark. Registration of digital sound files as trademarks has become possible after the new Danish Trademarks Act came into force on 1 January 2019. Plesner assisted MobilePay with the registration of the trademark.
Highlight - 28.02.2019
Eli Lilly wins erectile dysfunction patent case
The Danish Maritime and Commercial High Court has granted Eli Lilly a preliminary injunction against a medicinal product marketed by the pharmaceutical company Mylan. Plesner assisted Eli Lilly in the case.
Highlight - 12.02.2019
APC Forsikringsmæglere A/S establishes EUR 35m loan
Plesner has acted for APC Forsikringsmæglere A/S and its majority shareholder Nicace Holding ApS in connection with the establishment of a EUR 35m loan facility for i.a. operating expenditure. The facility has been made available by the Muzinich Pan-European Private Debt Fund.
Highlight - 18.01.2019
TDC completes repricing of EUR 1.9bn term loan
TDC announced today that the company has successfully completed a repricing of its outstanding EUR term loan B facility (the "TLB").
Highlight - 07.12.2018
Greenland passes decision to launch the country's largest infrastructure investment ever
On 15 November 2018 a majority in Inatsisartut, the parliament of Greenland, passed an act setting out the framework conditions for the construction, operation and financing of Greenland's largest infrastructure investment ever - the construction of three international airports in Ilulissat, Nuuk and Qaqortoq.
Highlight - 20.11.2018
Agilitas acquires Teracom Danmark
Private equity fund Agilitas has just signed an agreement to acquire Teracom Danmark, a leading Danish independent network operator. Plesner advised Agilitas on the transaction.
Highlight - 30.10.2018
Historic competition law case finally concluded
The Danish Competition Council is not granted leave to appeal case on alleged excessive pricing to the Danish Supreme Court. Accordingly, the case has been finally concluded with the judgment of 24 May 2018 by the High Court of Western Denmark, which found in favour of Ørsted. Plesner represented Ørsted in the matter.
Highlight - 25.10.2018
Bjørn Wiinblad Foundation wins licence agreement case
The Danish Eastern High Court has found in favour of the foundation of the late Danish artist and illustrator Bjørn Wiinblad (Bjørn Wiinblads Fond) in a matter concerning the interpretation of a more than 20 year-old licence agreement. The High Court found in favour of Bjørn Wiinblads Fond, ruling that the termination of a licence agreement by the foundation had been valid, thus commuting a decision by the Copenhagen Maritime and Commercial High Court of 2017. Plesner represented the foundation in the case.
Highlight - 02.10.2018
OW Bunker estates in bankruptcy win leading case concerning collateral security
The Danish Maritime and Commercial High Court on 29 August 2018 announced its decision in a leading case concerning the estates in bankruptcy of OW Bunker. Two of the estates in bankruptcy succeeded in their claims that the cases concerning collateral security provided by ING Bank and a number of other banks are to be decided in accordance with Danish law.
Highlight - 29.08.2018
Nordic Capital sells Unifeeder to DP World
Nordic Capital has sold Unifeeder, the largest pan-European feeder and growing shortsea operator, to DP World for EUR 660 million. Plesner has advised Nordic Capital in all legal aspects of the transaction.
Highlight - 07.08.2018
Færch Plast acquires recycler 4PET Group
Plesner advised Færch Plast, a leading plastic packaging supplier to the food industry, in connection with the acquisition of the controlling interest in 4PET Group, a leading European material specialist for PET sheets and food-grade recycling.
Highlight - 26.07.2018
Brunata acquired by Minol
Danish cleantech business Brunata has been acquired by German Minol for around DKK 600 million. Plesner assisted Brunata with all legal aspects of the sale.
Highlight - 12.07.2018
Saxo Payments Banking Circle sold to EQT
The global online cross-border payments services provider, Saxo Payments Banking Circle, has been sold to funds managed by EQT. Plesner has acted as lead legal counsel to management, founders and a group of other investors in all legal aspects of the transaction.
Highlight - 09.07.2018
Equinor acquires Danske Commodities
Equinor has reached an agreement with Lind Invest and other sellers to buy Danish energy trading company Danske Commodities for EUR 400 million plus additional performance-related payment. The agreement is subject to a number of conditions, including approval from the European Commission.
Highlight - 06.07.2018
Nordjyske Bank to merge with Ringkjøbing Landbobank
In continuation of a takeover offer from Jyske Bank, Nordjyske Bank has decided to merge with Ringkjøbing Landbobank. Plesner advised Nordjyske Bank throughout the process.
Highlight - 11.06.2018
Netcompany is listed
On 7 June 2018 Danish IT consultancy company Netcompany has been admitted to trading and official listing on Nasdaq Copenhagen. Plesner advised Netcompany on the IPO, and Plesner's team are very proud to have been working together with Netcompany.
Highlight - 07.06.2018
Schultz successful in case instituted by Karnov about the use of UfR numbers
Schultz may still allow searches for and identification of judgments in its law reports by use of the so-called UfR numbers. This was the decision reached by the Danish Maritime and Commercial High Court in a case between Karnov Group Denmark A/S and J.H. Schultz Information A/S. Plesner represented Schultz in the case.
Highlight - 04.06.2018
Axcel invests in GUBI A/S
Axcel has entered into an agreement to invest in the successful Danish design company GUBI, which designs and sells furniture, lamps and other interior design products worldwide. Plesner has assisted Axcel with all legal aspects of the investment in GUBI.
Highlight - 29.05.2018
Ørsted prevails in historic competition law case
In its judgment of 24 May 2018, the High Court of Western Denmark found in favour of Ørsted A/S in a historic case regarding alleged excessive pricing. Plesner represented Ørsted in the matter.
Highlight - 24.05.2018
Sivantos and Widex to merge
Leading hearing aid companies Sivantos and Widex will be merging. EQT funds, owners of Sivantos, and the Tøpholm and Westermann families, owners of Widex, have agreed terms to merge the two companies. Freshfields Bruckhaus Deringer and Plesner acted together as counsels for EQT and Sivantos.
Highlight - 16.05.2018
Consortium announces the completion of TDC-takeover
DK Telekommunikation ApS, a company controlled by a consortium comprising PFA, PKA, ATP and Macquarie Infrastructure and Real Assets has announced that the recommended public takeover offer to the shareholders of TDC A/S has been accepted, and the offer will be completed. Plesner has advised the consortium in relation to the takeover offer, including the financing.
Highlight - 05.04.2018
Orkla acquires Danish pizza chain Gorm's
Orkla Foods Denmark A/S has acquired 67% of the shares in the Danish restaurant chain Gorm's specialising in gourmet pizzas. Plesner assisted Orkla with the transaction.
Highlight - 14.03.2018
A.P. Møller - Mærsk A/S successful in trademark case about star logo
On 31 January 2018 the Danish Eastern High Court found in favour of A.P. Møller - Mærsk A/S in a trademark case against the company World Wide Traffic ApS about an infringement of A.P. Møller - Mærsk A/S' seven-pointed star logo. The new decision upholds the Danish Maritime and Commercial High Court's decision from 2016. Plesner conducted the case on behalf of A.P. Møller - Mærsk A/S.
Highlight - 31.01.2018
Eli Lilly wins cancer patent case
The Maritime and Commercial High Court has granted Eli Lilly a preliminary injunction against a medicinal product marketed by the pharmaceutical company Fresenius Kabi. Plesner assisted Eli Lilly in the case.
Highlight - 21.12.2017
45% of the share capital in Nordea Liv & Pension sold to customers
Nordea Life Holding AB has sold 45% of the share capital in its life-and-pension business Nordea Liv & Pension to Foreningen Norliv representing the customers of Nordea Liv & Pension. This means that the customers have taken over the majority stake. Plesner assisted Nordea Life Holding AB with the transaction.
Highlight - 21.12.2017
Orkla Foods Danmark sells K-Salat to Stryhns
Norwegian-owned Orkla Foods Danmark A/S has sold food producer K-Salat to Stryhns A/S. Plesner assisted Orkla Food Danmark A/S with the transaction that was completed on 1 December 2017.
Highlight - 06.12.2017
Judgment of general public importance concerning the effective date for tax purposes of a merger
Two Danish companies were successful before the Danish Eastern High Court in a case of general public importance concerning the effective date for tax purposes of cross-border intra-group mergers. The companies' Danish taxable income was consequently reduced by more than DKK140m. Plesner conducted the case on behalf of the companies.
Highlight - 28.11.2017
Danish biotech companies launch IPOs
The biotech company Orphazyme A/S has just been listed at Nasdaq Copenhagen, and Zealand Pharma A/S was listed on the Nasdaq Global Select Market in the United States in August. Plesner assisted both companies with their IPOs and thus reinforces its position as Denmark's leading advisor as regards initial public offerings of biotech companies in Denmark and abroad.
Highlight - 17.11.2017
STARK sold to US private equity firm
Ferguson plc, a world-leading plumbing and heating supplier, has agreed to sell building materials chain STARK to a US private equity firm in a deal worth around DKK 7.7bn. Plesner assisted Ferguson with the transaction.
Highlight - 10.11.2017
Axcel invests in Mountain Top Industries
The Danish private equity firm Axcel has concluded an agreement to acquire a controlling interest in Mountain Top Industries, one of the world's leading producers of pickup truck accessories. Plesner assisted Axcel with the transaction.
Highlight - 01.11.2017
Netcompany acquires UK's fastest growing IT company
The Danish IT consulting firm Netcompany has completed its largest acquisition to date by acquiring the British IT company Hunter Macdonald. Plesner has assisted Netcompany with the newly closed transaction.
Highlight - 27.10.2017
The University of Copenhagen and Microsoft enter into new collaboration on quantum research
The University of Copenhagen has entered into a new collaboration agreement with Microsoft Corporation on the development of a quantum computer. Plesner assisted the University of Copenhagen with the conclusion of the agreement.
Highlight - 14.09.2017
Lundbeck sells parts of its headquarters
Plesner assisted Lundbeck with the sale of approximately 33,000 sqm office buildings in Valby.
Highlight - 05.09.2017
Dismissal of 62-year old teacher did not constitute discrimination
In a decision of 9 August 2017, the Board of Equal Treatment established that the dismissal of a 62-year old teacher did not constitute discrimination on the grounds of age. The board found it proven that the teacher's competence profile could best be dispensed with in connection with the educational institution's forward-looking need to cover lessons with a reduced number of teachers.
Highlight - 11.08.2017
GlobalConnect completes first mortgage financing of utilities infrastructure
Plesner has acted for GlobalConnect A/S in connection with the completion of a DKK 1.2bn mortgage financing of the Danish part of the company's fiber network; the mortgage financing is provided by Nordea, Nykredit and Realkredit Danmark.
Highlight - 26.07.2017
GlobalConnect acquires fibre net provider Nianet
Global Connect has entered into an agreement to acquire Nianet, the Danish electricity companies' joint fibre net provider. Plesner advised GlobalConnect and its principal shareholder EQT on the transaction.
Highlight - 30.06.2017
Danish Supreme Court: Danish tax authorities may refuse deduction for part of salary with retroactive effect
The Danish Supreme Court has passed judgment in favour of the Danish tax authorities to the effect that the authorities may refuse a right to deduct part of payroll costs retroactively. The Danish Minister for Taxation has announced that new legislation will be introduced to mitigate the effects of the Danish tax authorities' change of practice. The Danish banks Arbejdernes Landsbank and Lån & Spar Bank against whom the proceedings were commenced were not successful in the Danish Supreme Court as opposed to in the Danish Eastern High Court. Plesner conducted the case on behalf of the banks.
Highlight - 30.06.2017
EQT sells Færch Plast to Advent International
The private equity fund EQT has sold the Danish packaging manufacturer Færch Plast Group A/S to the private equity firm Advent International. Plesner assisted EQT with the transaction.
Highlight - 02.06.2017
Skaugen wins arbitration concerning fuel consumption on ship engines
In an arbitral award rendered by an ICC-tribunal on 17 May 2017, I.M. Skaugen (Norway) won a significant victory in a dispute with MAN Diesel & Turbo SE (Germany/Denmark) concerning the fuel consumption on marine diesel engines. The arbitral tribunal held that Plesner's client, I.M. Skaugen SE, could rightfully terminate a contract with MAN Diesel & Turbo SE concerning Skaugen's purchase and MAN's sale of two sets of marine diesel engines of the type 6L 48/60B (with related propellers). According to the award, Skaugen could do so as a consequence of the engines having a higher fuel consumption level than warranted by MAN Diesel, because MAN Diesel deliberately manipulated the official tests in order to conceal this, and finally because MAN Diesel subsequently withheld all information about these issues.
Highlight - 18.05.2017
Aquila Capital acquires new wind farm
A company in the German private equity fund Aquila Capital has acquired the Danish company Vindtestcenter Kappel A/S from European Energy A/S. Plesner advised Aquila Capital on the transaction.
Highlight - 05.05.2017
New hotel in Rådhuspladsen in Copenhagen
The Dagmarhus building in Rådhuspladen in Copenhagen is to be converted from an office building to a new CitizenM hotel. Plesner has assisted the owner of Dagmarhuset with the agreement.
Highlight - 27.04.2017
Marlin Equity Partners sells Bluegarden
The investment firm Marlin Equity Partners has sold Bluegarden, a leading provider of payroll systems in Scandinavia, to the Norwegian IT group Visma. Plesner assisted Marlin Equity Partners with the sale.
Highlight - 22.03.2017
TP Aerospace sold to Danish private equity fund CataCap
The two founders and owners of the Danish aviation service company TP Aerospace have just sold a majority share of the company to the Danish private equity fund CataCap. Plesner assisted the sellers with the transaction.
Highlight - 21.03.2017
Pradera acquires 25 shopping centres from IKEA Centres
In a EUR 900 million transaction, Pradera acquires 25 shopping centres from IKEA Centres. The properties are located in Germany, France, Poland, Sweden, Finland, Denmark, the Czech Republic and Switzerland.
Highlight - 10.03.2017
No discount to director in connection with bankruptcy-related disqualification
The usual period of bankruptcy-related disqualification is three years. Danish case law has developed the practice that the defendant director gets a discount of one year on the usual period of the bankruptcy-related disqualification of three years if the ruling on the bankruptcy-related disqualification is made more than one year after the issue of the bankruptcy order. In the decision the Danish Maritime and Commercial High Court established that despite the fact that the ruling was made about 18 months after the order, the defendant was not to be given a discount on the period of the bankruptcy-related disqualification as about six months of the case processing time could be attributed to the defendant.
Highlight - 24.02.2017
Danish architecture firm SIGNAL sold to ISS
SIGNAL, which is one of the leading workplace design advisors in Denmark, has just been sold to ISS. Plesner advised the sellers of SIGNAL on the transaction.
Highlight - 07.02.2017
Bonnier sells 49.9% of Børsen to JP/Politikens Hus
The Swedish media group Bonnier has entered into an agreement to sell 49.9% of the shares in Dagbladet Børsen A/S and Børsen Associated Media A/S to JP/Politikens Hus. Plesner assisted Bonnier with the transaction.
Highlight - 26.01.2017
Lundbeck and IBM collaborating on use of artificial intelligence for research purposes
The pharmaceutical company H. Lundbeck A/S has established a new and innovative collaboration with IBM on access to the IBM Watson super computer. Plesner advised Lundbeck on the agreement.
Highlight - 25.01.2017
Niam acquires Copenhagen Business Park
The real estate investment fund Niam has acquired Copenhagen Business Park, which is one of Denmark's biggest office buildings with a total letting area of 67,000 sqm. Plesner assisted Niam with the transaction.
Highlight - 04.01.2017
Supplier of façades successful in arbitration proceedings against large hotel
A leading supplier of façades faced a claim for a reduction/damages of more than DKK 75 million by a large Danish hotel. The matter has now been settled by an arbitration tribunal in favour of the supplier of façades that is only to pay about DKK 7 million whereas the hotel was ordered to pay all legal costs relating to the arbitration tribunal's hearing of the matter. Plesner represented the supplier of the façades in the case.
Highlight - 23.12.2016
Schultz successful in case against Karnov about the use of UfR numbers
In its competing law reports Schultz may still allow searches for judgments by using the so-called UfR numbers from Karnov's Danish weekly law reports (Ugeskrift for Retsvæsen) and may refer to such UfR numbers as one of the pieces of information about the judgments.
This was the decision reached by the Danish Eastern High Court in a case between Karnov Group Denmark A/S and J.H. Schultz Information A/S. Plesner represented Schultz in the case.
Highlight - 22.12.2016
The EU Court of Justice once again disqualifies Danish tax legislation
Yesterday, in a case of general public interest, the Court of Justice of the European Union ruled in favour of Masco Denmark ApS and Damixa ApS, establishing that section 11(6) of the Danish Corporation Tax Act on tax exemption for group related interest income is in conflict with EU law as the provision only applies in respect of interest paid by a Danish company. The case was conducted by Plesner in cooperation with PwC.
Highlight - 21.12.2016
LB Forsikring sells five residential properties in Copenhagen
LB Forsikring has sold five attractive residential properties to the property company Heimstaden AB, which is listed in Sweden. Plesner advised LB Forsikring in connection with the sale of the properties.
Highlight - 20.12.2016
The Danish Building and Construction Arbitration Board finds in favour of full-service consultant
The Danish Building and Construction Arbitration Board has just settled a claim for damages relating to the construction of a psychiatric hospital. The Arbitration Board found in favour of the full-service consultant that was represented by Plesner.
Highlight - 23.11.2016
Twenty-five per cent of Nordea Liv & Pension sold to customers
Nordea Life Holding AB has sold 25 per cent of its shares in Nordea Liv & Pension to Foreningen NLP that represents the customers of Nordea Liv & Pension. Plesner assisted Nordea Life Holding AB with the transaction.
Highlight - 18.11.2016
Merger between Metroxpress and BT
The newspapers Metroxpress and BT have entered into an agreement to merge into a new company. Plesner advised Metroxpress on the merger.
Highlight - 14.11.2016
Novozymes to build new innovation campus in Denmark
World leader in biological solutions, Novozymes, builds its new innovation campus in Denmark comprising more than 30,000 m2 of research and office facilities at a newly acquired 140,000 m2 location near Copenhagen. Plesner has assisted Novozymes in the purchase of the location and during negotiations with turnkey contractors.
Highlight - 27.10.2016
Rosendahl acquires Lyngby Porcelæn
Rosendahl Design Group has just entered into an agreement with the design company Karakter Copenhagen on the acquisition of Lyngby Porcelæn known for the "Lyngby vase" for an amount in the double-digit million range. Plesner advised Rosendahl Design Group on the transaction.
Highlight - 17.10.2016
KFI sells part of the well-known Domus Vista property in Frederiksberg to develop 127 youth housing units
ApS KFI-Domus owned by KFI Erhvervsdrivende Fond has sold the first floor of 6300 sqm of the distinctive Domus Vista property in Frederiksberg, Denmark.
Highlight - 17.10.2016
General Atlantic becomes new major investor in Joe & the Juice
US equity firm General Atlantic has just announced a major strategic growth investment in Joe & the Juice. Plesner advised General Atlantic on the transaction.
Highlight - 12.10.2016
NKT completes offering of shares of DKK 1.4bn
NKT has completed an offering of shares in the company through an accelerated bookbuilding process. Plesner advised the banks responsible for the offering process: Danske Bank, J.P. Morgan Securities and Nordea Markets.
Highlight - 12.10.2016
Zealand raises DKK 143m through an offering of new shares
The biotechnology company Zealand Pharma has issued new shares totalling approximately DKK 143m. The shares were offered as an accelerated book-building process. Plesner advised Zealand Pharma on the sale of the shares.
Highlight - 06.10.2016
Verisure acquires alarm portfolio from Falck
Verisure and Falck have just entered into a collaboration agreement on alarm systems for private customers and small traders in Denmark and Norway. Verisure acquired Falck's alarm customer portfolio and a number of operational assets in Denmark and Norway as a part of the deal. Plesner advised Verisure on the transaction.
Highlight - 04.10.2016
PenSam signs major IT outsourcing contract
PenSam has just signed a contract to outsource the running and development of all its IT systems in the pensions area and the shared group IT to KMD (a Danish IT and software company). The scope of the contract is unusual in the pensions industry and it is the biggest company contract in KMD's history. Plesner has assisted PenSam with the contract.
Highlight - 30.09.2016
Major shareholders sell Danish Ship Finance
The major shareholders in Danish Ship Finance - Danske Bank A/S, the Danish National Bank, A.P. Møller-Mærsk A/S and Nordea Bank AB - have sold their entire shareholdings of 72% of the share capital to Axcel, PFA and PKA. Danish Ship Finance prices the transaction at DKK 4.7bn. Plesner advised the sellers on the transaction.
Highlight - 28.09.2016
Nets admitted to trading and official listing on Nasdaq Copenhagen
On 23 September 2016, Nets was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as legal advisor to the bank syndicate consisting of Deutsche Bank, Morgan Stanley, Nordea, Danske Bank, DNB Markets, J.P. Morgan, UBS Investment Bank, Carnegie, OP Corporate Bank, SEB, SpareBank 1 Markets and Sydbank in connection with the IPO.
Highlight - 23.09.2016
Ekspres Bank successful before the Supreme Court in VAT case of general public importance
The Danish Supreme Court has ruled in favour of Ekspres Bank A/S that processing services supplied by an English company are not subject to VAT, as the services are covered by the VAT exemptions for payments and transfers. Plesner represented the bank.
Highlight - 16.09.2016
Weber successful in a case of general public importance about grill covers
The Danish Supreme Court has made a final ruling in a case involving tax liability under the Danish PVC Act by establishing that loose, fitted grill covers are not taxable under the Act. Plesner represented Weber-Stephen Nordic ApS in the case.
Highlight - 07.09.2016
Sampo makes a mandatory no-premium offer for Topdanmark
The Finnish financial services group Sampo Group, which is listed on Nasdaq Helsinki, has triggered the obligation to make a mandatory no-premium offer to the shareholders in the Danish insurance company Topdanmark A/S, which is listed on Nasdaq Copenhagen. Plesner assists Sampo in connection with the mandatory no-premium offer.
Highlight - 07.09.2016
Dangro Invest sold to American pension fund
Dangro Invest A/S that has farm land investments in Poland has just been sold to an American pension fund. Plesner has advised Dangro Invest A/S's board of directors with respect to the transaction.
Highlight - 06.09.2016
Niam sells housing for more than DKK 400m
The real estate investment fund Niam has sold a portfolio of 114 dwellings in the Greater Copenhagen area to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction.
Highlight - 24.08.2016
Bankernes Kontantservice sold to Loomis
Bankernes Kontantservice has just been sold to the Loomis group. Plesner has advised the Danish Central Bank and the selling banks on the transaction.
Highlight - 23.08.2016
CBRE acquires 463 prime student accommodation units in Copenhagen
The old DSB (Danish Rail) headquarters situated at Sølvgade in Copenhagen, today converted into prime student accommodation, have been acquired by CBRE Global Investment Partners together with its partner Triton Development North ApS. The vendor of the historic building was Ejendomsselskabet Norden. Plesner has advised on the acquisition.
Highlight - 22.08.2016
Zoetis acquires Scandinavian Micro Biodevices for USD 80 million
Zoetis, the animal health company, has acquired Danish biotech company Scandinavian Micro Biodevices for USD 80 million (approximately DKK 533 million). Plesner assisted Zoetis with the transaction.
Highlight - 09.08.2016
FONA stores sold to Elgiganten
F Group A/S under rekonstruktion (in restructuring proceedings) has just sold ten FONA stores to Elkjøb Nordic AS that owns Elgiganten. Due to this sale, the creditors in F Group will receive substantially higher dividend than they would have received in connection with a bankruptcy where the sale could not have been carried through under the same conditions. Plesner acts as one of two restructuring administrators.
Highlight - 02.08.2016
7 months' illness did not constitute a long-term restriction as defined by the Danish Anti-Discrimination Act
This was established by the Danish Board of Equal Treatment in a decision of 22 June 2016. In the specific case, an educational institution was entitled to dismiss a teacher who had been unfit for work for 7 months due to a whiplash and a concussion. The teacher's illness prevented him from participating in the labour market on an equal footing with others, but the duration of the illness of 7 months did not meet the requirement for long duration as defined by the Danish Anti-Discrimination Act.
Highlight - 07.07.2016
Payroll tax - Danish High Court finds in favour of banks in a case of general public importance
The Danish Western High Court found in favour of Spar Nord Bank A/S' (formerly Sparbank A/S) claim that it was entitled to calculate payroll tax based on a breakdown of turnover under section 38 of the Danish Act on VAT (pro rata rate). The High Court found that the Danish Customs and Tax Administration has the authority to set aside a company's discretionary allocation of payroll costs on taxable and non-taxable activities based on an allocation of payroll costs based on turnover, if it is obvious that such allocation is not true and fair compared with the actual time spent. The High Court held that the bank's assessment based on the breakdown of turnover was misleading compared with an assessment of the actual use of resources. But the High Court did not find any basis for setting aside the bank's assessment as the Danish Customs and Tax Administration's assessment was not found to be more true and fair than that of the bank. Plesner conducted the cases on behalf of the bank.
Highlight - 28.06.2016
Nordic Waterproofing goes public in Sweden
Nordic Waterproofing Holding A/S has been listed on Nasdaq Stockholm. Plesner assisted Nordic Waterproofing and the major shareholder, the Danish private equity fund Axcel, with the IPO.
Highlight - 17.06.2016
The IPO of DONG Energy
On 9 June 2016, DONG Energy was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as the advisor to the Kingdom of Denmark, which is the majority shareholder in DONG Energy, in connection with the IPO.
Highlight - 09.06.2016
Judgment in favour of banks in tax case of general public importance
It was a change of practice when in 2012 and 2013 the Danish tax authorities refused the Danish banks Arbejdernes Landsbank and Lån & Spar Bank to deduct payroll costs paid in connection with the acquisition of other banking activities. On 1 June 2016 the Danish Eastern High Court consequently found for the two banks in two of the cases brought by the Danish Ministry of Taxation against the banks where the High Court very clearly and unambiguously rejected the Danish tax authorities' attempt to tighten the practice with retroactive effect. Plesner conducted the cases on behalf of the two banks.
Highlight - 02.06.2016
Judgment sets aside decisions of the Board of Equal Treatment
My judgment of 30 May 2016, the court found that the fact that the choice fell on two employees of 54 and 57 years of age in connection with a redundancy procedure in a municipality did not constitute age discrimination. Plesner conducted the case for the municipality.
Highlight - 31.05.2016
The Guldager group is sold to Capidea
Guldager A/S with its consolidated companies has been sold to the Danish private equity fund Capidea Management. Plesner has been advising Guldager for more than 50 years and also assisted with this transaction.
Highlight - 02.05.2016
Berendsen successful before the Swedish Supreme Court
The Berendsen Group has been successful before the Swedish Supreme Court in a decisive sub-claim against Electrolux which is connected to the contamination of a number of previous Electrolux properties. Plesner acted as the lead counsel for Berendsen in the matter.
Highlight - 28.04.2016
The Carlsberg Foundation sells properties worth DKK 1.1bn
The Carlsberg Foundation has sold its limited partnership companies that together own properties worth DKK 1.1bn to three Danish pension funds. Plesner has assisted the Carlsberg Foundation with the transaction.
Highlight - 18.04.2016
Restaurant Babette successful in trademark case
On 1 April 2016 the Danish Maritime and Commercial High Court settled a case between Restaurant Babette ApS in Vordingborg, Denmark, and Guldsmeden Babette ApS about the rights to the trademark Babette. Plesner conducted the case for Restaurant Babette.
Highlight - 01.04.2016
The Lessor Group sold to Axcel
Axcel IV buys 100% of the Lessor Group from the founding Fich family. Plesner has advised the Fich family and the Lessor Group for more than 35 years and has assisted the family in connection with the transaction.
Highlight - 31.03.2016
A.P. Møller - Mærsk A/S successful in trademark case about star logo
On 31 March 2016 the Danish Maritime and Commercial High Court found in favour of A.P. Møller - Mærsk A/S in a trademark case against the company World Wide Traffic ApS about an infringement of A.P. Møller - Mærsk A/S' seven-pointed star logo. Plesner conducted the case on behalf of A.P. Møller - Mærsk A/S.
Highlight - 31.03.2016
Statoil Fuel and Retail's takeover of Shell's Danish downstream business approved by European Commission
Plesner has assisted Statoil Fuel & Retail A/S ("SFR") in obtaining Phase I approval of its proposed acquisition of Shell's retail, commercial fuels and aviation businesses in Denmark.
Highlight - 30.03.2016
Novo announces an investment in ERT alongside Nordic Capital
Novo A/S has announced an expansion of its large investment portfolio through an investment in ERT alongside Nordic Capital Fund VIII. Plesner has acted as Novo A/S' legal advisor.
Highlight - 09.03.2016
New FedEx Express freight terminal at Copenhagen Airport
FedEx Express, the world's biggest express freight company, opens a new freight terminal at Copenhagen Airport. Plesner assisted Copenhagen Airports A/S (CPH) with the establishment of the terminal.
Highlight - 02.03.2016
Kohberg owners invest in the food business SEiMEi
Koff A/S, the parent company behind Kohberg Bakery Group A/S among others, has entered into a partnership with the entrepreneur Allan Feldt in respect of the food business SEiMEi. Plesner has assisted Koff A/S with the investment in SEiMEi.
Highlight - 24.02.2016
AstraZeneca wins patent case against Krka
On 18 February 2016 AstraZeneca won a patent case against generic pharmaceuticals producer Krka and was awarded damages and compensation. Plesner assisted AstraZeneca in the matter.
Highlight - 19.02.2016
AstraZeneca is granted a preliminary injunction
AstraZeneca has been granted another preliminary injunction against a generic version of Seroquel® Prolong. Plesner assisted AstraZeneca in the injunction proceedings.
Highlight - 17.02.2016
Jorcks acquires investment property in Strøget
Jorcks Ejendomsselskab has acquired the property Frederiksberggade 19 in central Copenhagen. The property, which is let out to Havanna Shoes, was acquired from Casa A/S. Plesner assisted Jorcks Ejendomsselskab with the transaction.
Highlight - 15.02.2016
Full-service consultant is successful
In a ruling of 15 February 2016 an arbitration tribunal found for a full-service consultant in a case involving a significant claim for fees and dismissed that the full-service consultant's conduct had been actionable in other respects.
Highlight - 15.02.2016
The Danish Supreme Court finds for the former CEO of an IT business in a VAT case of general public importance
Today, the Danish Supreme Court conclusively found for businessman Peer Kølendorf in a very important action for damages instituted by the Danish Ministry of Taxation due to the Danish state's loss as a result of so-called VAT carousel fraud in which the IT business Comitel International had inadvertently become involved. Plesner represented Peer Kølendorf in the case.
Highlight - 11.02.2016
Scandinavian Tobacco Group launches Initial Public Offering
On 10 February 2016 Scandinavian Tobacco Group, the tobacco producer, was admitted to trading and official listing on Nasdaq Copenhagen. Plesner acted as legal advisor to JP Morgan, Nordea, Deutsche Bank and Carnegie in connection with the listing.
Highlight - 10.02.2016
Niam acquires 461 dwellings in Aalborg, Denmark
By two transactions the real estate investment fund Niam has acquired a total of 461 dwellings in Aalborg, Denmark. The two property portfolios were acquired from Sveafastigheter Fund III and North Property Asset Management. Plesner assisted Niam with both transactions.
Highlight - 26.01.2016
Northill Capital to acquire majority interest in Capital Four
Northill Capital, the UK-based asset management firm, has agreed to acquire a majority interest in the Danish industry-leading European high yield manager Capital Four. Plesner has acted as lead legal advisor to Northill Capital.
Highlight - 19.01.2016
Upper secondary schools save millions in consequence of case about property tax of general public importance
The Danish Western High Court established in a judgment of 8 January 2016 that the City of Aarhus is not entitled to impose so-called service charges on properties owned by upper secondary schools in Aarhus. The case is of general public importance, which means that public upper secondary schools in Denmark are not to pay service charges. Overall, the result is a significant amount running into millions annually that was otherwise to be taken from the education budgets. Plesner conducted the case on behalf of the seven upper secondary schools in Aarhus.
Highlight - 14.01.2016
Niam sells Copenhagen properties for DKK 1.4bn
The real estate investment fund Niam Nordic V has agreed to sell a large property portfolio in the Greater Copenhagen Area of approximately 44,000 sqm in total to the Swedish property company Heimstaden. Plesner assisted Niam with the transaction which has a total value of DKK 1.4bn.
Highlight - 13.01.2016
Electricity meter functionality is the consumer's responsibility
The Danish Eastern High Court established in a judgment of 6 January 2016 that if there is any doubt about an electricity meter reading consumers have to prove that the electricity meter is defective and does not show the actual consumption. The judgment ruled in favour of SEAS NVE as it was established that the electricity meter was not defective.
Highlight - 12.01.2016
Bonnier sells Dagbladet Børsen to JP/Politikens Hus
The Swedish media group Bonnier has agreed to sell Dagbladet Børsen A/S and Børsen Associated Media A/S to JP/Politikens Hus A/S for DKK 800m. Plesner assisted Bonnier with the transaction.
Highlight - 11.01.2016
Danica Ejendomme acquires the last Tuborg plot
Danica Ejendomsselskab ApS has acquired the so-called "Tuborg Syd" plot in the Copenhagen suburb of Hellerup at a price of DKK 600-700m. Plesner assisted Danica Ejendomme with the transaction.
Highlight - 22.12.2015
FSN Capital acquires Netcompany
The private equity fund FSN Capital IV acquires a majority stake in the IT company Netcompany A/S. Plesner assisted FSN Capital with the transaction.
Highlight - 21.12.2015
Unilever obtains injunction against the D'or tex detergent
Assisted by Plesner, Unilever N.V. and Unilever Danmark A/S (Unilever) have obtained an injunction against Coop Danmark A/S and Nopa Nordic A/S marketing and selling the D'or tex detergent.
Highlight - 11.12.2015
Final restructuring of Pilgrim A/S
The restructuring of the Danish jewellery company Pilgrim A/S has finally been completed with a dividend distribution of 58%. Plesner has been involved in the restructuring.
Highlight - 17.11.2015
The Danish pension funds AP Pension and PBU acquire 19 windmill farms
GPP Vind owned by AP Pension and Pædagogernes Pensionskasse (PBU) acquires 19 small windmill farms from Vattenfall. Plesner has assisted GPP Vind with the acquisition.
Highlight - 11.11.2015
The court grants AstraZeneca a preliminary injunction
With legal assistance from Plesner Law Firm, AstraZeneca AB and others have been successful in a Maritime and Commercial High Court case regarding Orion Corporation and Orion Pharma A/S' infringement of AstraZeneca's patent.
Highlight - 10.11.2015
Merethe Færch successful in legal action involving Færch shares
The Danish Eastern High Court has ruled that Merethe Færch is not to pay more than DKK 200 million to her mother Tineke Færch in a legal action about the value of the shares in Færch Holding A/S. Plesner assisted Merethe Færch in the legal action.
Highlight - 09.11.2015
New shopping centre in Herlev
The developers NPV A/S and NREP have joined forces to build the new 44,000 sqm BIG Shoppingcenter in Herlev. The BIG Shopingcenter is the largest box shopping area in Denmark. Plesner assisted the developers.
Highlight - 06.11.2015
New case law - loan granted shortly before bankruptcy was a pro forma loan
A loan agreement entered into between a debtor and his friend and former business partner one week before the debtor's bankruptcy must be set aside as it was a pro forma loan. This is the conclusion reached by the Danish Eastern High Court in its judgment of 28 October 2015. The decision is a contribution to the case law on pro forma issues in bankruptcy proceedings. Plesner acted as the trustee and conducted the case both before the District Court and the High Court.
Highlight - 04.11.2015
Founders sell 75% of TOP-TOY to EQT
EQT VII acquires 75% of TOP-TOY and enters into partnership with the founders, the Gjørup family, who will still be represented in the company. Plesner has advised the family and TOP-TOY for more than 30 years and is assisting the family in connection with the transaction.
Highlight - 04.11.2015
PenSam building new homes at a value of DKK 1.4 billion
The Danish pension fund PenSam together with KPC and Sjælsø will build new homes at a selling price of DKK 1.4 billion. PenSam will invest in three different residential projects situated at Teglholmen in Copenhagen. A new change in legislation makes it possible for PenSam to resell the flats as soon as they have been built. Plesner has assisted PenSam with the project.
Highlight - 03.11.2015
Significant cloud investment in the financial sector
Plesner assisted the Danish financial services group Alm. Brand in connection with the conclusion of an agreement with SalesForce concerning the provision of a cloud-based customer relation management (CRM) system. According to Alm. Brand the investment amounts to DKK 100m - and it is one of the first significant investments in cloud computing in the Danish financial sector.
Highlight - 27.10.2015
The Danish Supreme Court finds for Takeda in a case of general public importance
In a judgment of 19 October 2015 the Danish Supreme Court found for Takeda A/S and established that the company had a right to deduct its costs relating to the intermediary banks in connection with a corporate bond issue in 2005. The judgment is a case of general public importance as it ensures that a corporate bond issue does not result in additional tax costs in connection with traditional bank loans.
Highlight - 19.10.2015
Færch Plast acquires Food Trays Business Europe from Sealed Air Corporation
Færch Plast A/S and Sealed Air Corporation have entered into an agreement for the sale of Sealed Air Corporation's European food trays business. Plesner has advised Færch Plast A/S.
Highlight - 01.10.2015
Marlin Equity Partners acquires Bluegarden
Marlin Equity Partners has acquired Bluegarden Holding A/S, a leading provider of payroll and HR-related software. Plesner has advised Marlin Equity Partners.
Highlight - 10.09.2015
Victory half way through the "beneficial owner" cases
In the pending tax cases on "beneficial ownership" the Danish Ministry of Taxation has now, after exchanging pleadings for many years, acknowledged that the Danish rules in force up to 2008, according to which a higher tax rate was imposed on withholding tax compared to the ordinary corporate income tax rate, are in conflict with the right of free establishment of the EC Treaty. Plesner plays a leading role in the pending court cases in which questions will now be referred to the Court of Justice of the European Union for its assessment of the many other EU law issues of the cases.
Highlight - 04.09.2015
LEGO successful in insurance case of general public importance
With assistance from Plesner LEGO A/S has won a case of general public importance before the Danish High Court about wrongful termination of indemnity insurance covering LEGO factories all over the world. The judgment stipulates that If Skadeforsikring is to pay damages in the amount of DKK 5.6 million plus interest to LEGO.
Highlight - 01.09.2015
Bramstrup is successful in a case of general public importance about a special property name
Special property names are protected by the Danish general legal doctrines. This is the conclusion of a judgment passed by the Danish Eastern High Court about the use of the name Bramstrup. Plesner conducted the case on behalf of the owner of the estate Bramstrup in the, as far as is known, first Danish judgment about special property names.
Highlight - 31.08.2015
Yakkay successful in design case
With legal assistance from Plesner Yakkay A/S was successful in a Supreme Court case about the validity of Yakkay A/S' registered Community design of the shape of a helmet and about Stormwear ApS' infringement of the design.
Highlight - 27.08.2015
Oticon successful in patent action
With legal assistance from Plesner Oticon A/S was successful in a case before the Danish Eastern High Court about GN ReSound A/S' infringement of Oticon's patent and utility model.
Highlight - 18.08.2015
Pfizer successful in a leading case concerning substitution of medicinal products
Assisted by Plesner, Pfizer has been successful in a leading case before the Danish Maritime and Commercial High Court concerning Pfizer's product Lyrica® that contains pregabalin as an active ingredient. The Danish Maritime and Commercial Court ruled that all Danish pharmacies are to be enjoined from dispensing the medicinal product Pregabalin "Krka", a generic version of Lyrica®, for the treatment of pain.
Highlight - 29.06.2015
Jobindex successful in a leading case concerning an unlawful newspaper advertisement
For the first time in Denmark, an unlawful newspaper advertisement has resulted in the party behind the advertisement being ordered to place a rectifying advertisement in the same media and in the same size. This ground-breaking outcome is the result of a settlement made in the Danish Maritime and Commercial High Court where Jobindex and Plesner have been suc-cessful in a leading case concerning a misleading newspaper advertisement placed by Jobzonen.
Highlight - 19.05.2015
Judgment in a case involving the Danish football club FC Nordsjælland
On 31 March 2015 the Danish Supreme Court passed judgment in a case about the transfer of the shares in the Danish football club FC Nordsjælland.
Highlight - 15.04.2015
Plesner assists Niam in the acquisition of 452 houses and flats in the Greater Copenhagen area
The acquisition of a portfolio of 452 owner-occupied flats and terraced houses etc increases Niam's Danish housing portfolio to approximately 1,100 newly built houses and flats in the Greater Copenhagen area.
Highlight - 21.05.2013
Plesner provides assistance to the sellers of Rosengårdscentret in the largest property transaction in Denmark
Today Plesner and a number of other players finalised the largest property transaction in Denmark for one single property so far. Rosengårdscentret (a shopping centre in Funen) has been sold and Plesner's department Commercial Real Estate acted as the seller's legal advisor.
Highlight - 21.03.2013
Plesner is successful in Supreme Court ruling on compulsory redemption on behalf of the former Thrane & Thrane
Plesner partner Torben Bondrop has just been successful in a case concerning compulsory redemption on behalf of the former Thrane & Thrane. This is the 12th case that Torben Bondrop has conducted and been successful in before the Danish Supreme Court.
Highlight - 12.03.2013
Plesner assists Niam Nordic V with the acquisition of property portforlio worth 13bn
The international real estate fund Niam Nordic V has made its first investment in Denmark. The investment was secured with Plesner as the legal advisor and comprises an attractive property portfolio of 646 owner-occupied flats worth approximately DKK 1.3bn.
Highlight - 13.02.2012
The High Court of Eastern Denmark increases judgment given by the City Court: The football fan who ran onto the pitch is ordered to pay damages of DKK 1,870,000
The High Court of Eastern Denmark increases judgment given by the City Court: The football fan who ran onto the pitch is ordered to pay damages of DKK 1,870,000.
Highlight - 12.01.2012
The first court decision on "beneficial ownership" in Denmark
A claim for dividend withholding tax in the amount of DKK 1.6 billion against ISS was dismissed
Highlight - 06.01.2012
XL Insurance awarded full damages in a case involving defective child-proof lids
Highlight - 13.10.2010
Prompt action to stop infringement of H. Lundbeck A/S' pharmaceutical Cipralex®
Highlight - 14.07.2010
Important patent action won at the Danish High Court
Highlight - 01.10.2008
Supreme Court win in leading tax case
Highlight - 29.12.2006
Leading case on damages for "lack of competition"
Highlight - 12.12.2006
Plesner assists General Atlantic LLC in the acquisition of shares in Saxo Bank A/S
Highlight - 28.06.2005
UBS AG - DKK and EUR Notes
Highlight - 04.05.2004
Sale of the ALTO Group to Nilfisk-Advance A/S
Highlight - 03.05.2004
Competition Council decision in favour of Song Networks A/S
Highlight - 18.04.2004
Purchase of IO Interactive A/S
Highlight - 22.02.2004
Sale of shares in Carlsberg Breweries A/S
Highlight - 28.01.2004
Municipality of Hadsund convicted of grossly violating procurement law
Highlight - 05.11.2003
TDC A/S liable to pay damages for illegal price fixing
Highlight - 27.10.2003
First judgement concerning Binding Resales Prices dismisses claim
Highlight - 18.09.2003
Repackaging and rebranding - five cases won in the Supreme Court
Highlight - 31.03.2003
Advent International acquires ILVA A/S
Highlight - 27.01.2003
Memorandum: New Developments in Danish Case Law on Parallel Import
Highlight - 11.12.2002
Removal of trademark constitutes trademark infringement
Highlight - 28.11.2002
The Danish Post diverts BILLETnet A/S til Ticketmaster
Highlight - 26.11.2002
Ruling in favour of Danske Bank in the Hafnia case
Highlight - 28.05.2002
AstraZeneca AB wins large trademark suit
Highlight - 18.05.2002
Montana wins trademark suit
Highlight - 20.12.2001
Sejr i Højesteret i meget principiel skattesag
TDC AS erstatningsansvarlig for ulovlig prisfaststtelse
Plesner vinder principiel sag i Højesteret
Brenntag Biosector AS er ikke skyld i allergisk reaktion hos kalve