When we take on a new task, we draw up a letter of agreement. The letter of agreement establishes our understanding of the task, what work we expect to to perform, which partner and other employees will be associated with the case, the fee rates for the persons in question, if possible a total fee estimate for the task. We estimate the total fee in relation to the expected work task. If the work assignment changes as we get deeper into the matter, we will inform you of the changed prerequisites. In ongoing customer relationships and in minor cases where the client has clearly described the task themselves, or in urgent cases, this can be waived.

We do not undertake cases involving conflicts of interest between our clients. Before we take on an assignment, we investigate possible conflicts of interest with existing clients. If a conflict of interest arises, we will refer you to another attorney.

As a law firm, SIRIUS advokater is covered by the law on preventive measures against money laundering. We are therefore obliged to obtain and store identity information on our clients.

Attorneys may not charge a fee for their work that is higher than what can be considered reasonable. Our fee is fixed on the basis of a specific assessment, which includes consideration for:

• time spent on the case, including carrying out statutory tasks in relation to for instance money laundering, client due diligence (KYC), DAC6, and GDPR,

• who participated in performing the assignment,

• the complexity of the case,

• whether the assignment necessitated action under considerable time pressure,

• the importance of the case to you,

• the liability involved in the case, and

• the outcome achieved.

Our fee is exclusive of relevant costs and expenses.

The following hourly rates are included in the determination of the fee:

• The partners' hourly rates amount to DKK 3,200 - 4,275 per hour ex. VAT (DKK 4,000 - 5,343.75 incl. VAT)

• Lawyers are settled with DKK 2,500 - 3,200 per hour ex. VAT (DKK 3,125 - 4,000 incl. VAT)

• Assistant attorneys are settled at DKK 1,700 - 2,050 per hour ex. VAT (DKK 2,125 - 2,562.50 incl. VAT)

• Paralegals and case handlers other than those mentioned are settled at DKK 675 per hour ex. VAT (DKK 843.75 incl. VAT).

Within the above span, the hourly rate is fixed according to seniority, type of case and the specific circumstances of the case. The hourly rates are adjusted annually and without notice and apply from the time of adjustment until the next adjustment. The current hourly rates are always available on our website.

It can be difficult to set a fixed fee when we accept an assignment. On request – and always in respect of consumers – we are happy to give a reasoned estimate and information about the expected costs and expenses. Likewise, we will inform the client as early as possible if it turns out that the total fee is expected to exceed the estimate.

We usually issue an invoice when the task is completed. For larger or longer-term tasks, the fee is settled monthly in arrears, unless otherwise agreed.

The payment terms are 14 days from the invoice date, and VAT is added according to the applicable rules.

The client is obliged to pay a deposit at our request to cover our expected fee as well as disbursements and any task-related costs.

To the extent that we receive advance payment or escrow of costs, such payments will be considered client funds to be held in a client account, where accrued interest (both positive and negative interest) accrues to the client. Deposits on client accounts are covered by the general ceiling of EUR 100,000 (approx. DKK 750,000), as stipulated in the Act on a depositor and investor guarantee scheme for cover in the event of the financial collapse of the bank holding the account. The coverage ceiling is calculated for the individual bank per client and includes the client's deposits in own accounts, in separate client accounts and in joint client accounts. SIRIUS advokater assumes no responsibility for a client's loss as a result of the financial collapse of the bank holding the account.

SIRIUS advokater has client bank accounts in Danske Bank.

All information that we receive in connection with an assignment is treated as confidential, unless the circumstances suggest that it is not of a confidential nature.

SIRIUS advokater is entitled to indicate the client as a reference in connection with its marketing. Furthermore, SIRIUS advokater is entitled to pass on the client's contact information to the international rating agencies, Legal500 and Chambers, for the purpose of obtaining a rating.

All employees at SIRIUS advokater is covered by the current legislation on the prohibition of the disclosure of inside information about listed companies and restrictions on trading in listed securities.

Our advice is targeted at the specific task and may not be used for any other purpose without our express prior consent. Unless otherwise agreed, we are solely responsible in relation to the client for the advice provided.

The client has the right to use the specific written material that we have prepared for use in a given case, while SIRIUS advokater owns and retains all copyright and other intellectual property rights to the material.

SIRIUS advokater handles a task until its natural conclusion or until the client requests the case to be closed. Original documents are typically provided no later than upon the completion of the assignment, and we retain case files for at least five years from the invoice date. For information regarding data storage, deletion, data access, and more, please refer to our personal data policy on our website.

As part of our performance of the task, we may process personal data where we are the data controller. As data controllers, we must provide the registered with certain information about our processing of personal data. The information about this is available on our website and privacy policy. Read more here.

Please familiarize yourself with the information at: www.siriusadvokater.com/privatlivsogcookiepolitik

Any dispute with a client must be resolved in accordance with Danish law at the competent Danish court, as Copenhagen City Court has been agreed as the venue for the case in the first instance.

On the Danish Bar and Law Society’s website, you can find information on how to file a complaint. If you have a dispute concerning our fees or are dissatisfied with the behavior of one of our lawyers, you can lodge a complaint about the fee amount and/or behavior with the Disciplinary Board (Advokatnævnet), located at Kronprinsessegade 28, 1306 København K, or via email at klagesagsafdelingen@advokatsamfundet.dk.

For more details, visit www.advokatnaevnet.dk.

All attorneys at SIRIUS advokater is covered by our liability insurance and guarantee scheme, provided by HDI GLOBAL SPECIALTY DANMARK, the Danish branch of HDI Global Specialty SE, Germany. Our liability insurance covers our legal practice, regardless of its location. At SIRIUS advokater, we also offer a guarantee to all our clients, in compliance with the requirements of the Bar Association's articles of association. 

The maximum coverage for professional liability under this insurance is DKK 15 million per lawyer per year, with a total of DKK 150 million per year for the entire office. Our liability is limited to this specified amount. If you, as a client, require greater coverage, we can discuss increasing it accordingly. 

Please note that our responsibility does not extend to financial consequential losses, including operational losses, data loss, lost profits, damage to goodwill, reputation, and other forms of indirect losses. 

We are not liable for errors made by other advisors to whom we have referred a client, just as we are not responsible for any errors made by subcontractors to whom we have, with the client's agreement, delegated specific tasks.