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1 July 2021

The Danish Act on Screening of Foreign Investments comes into Force today 1 July 2021

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As mentioned in our previous newsletter from 25 May 2021, the Danish Act on Screening of Foreign Investments (the “Act”) will come into force on 1 July 2021.

The Danish Business Authority has adopted an executive order for consultation, (see our newsletter from 10 June 2021) and an executive order regarding the notification process in connection with the investment (the “Executive Order”). The Executive Order was adopted 24 June 2021.

It is now clear that the process for the investment will be digital, and the notification for approval should be submitted through www.virk.dk and must be signed by digital signature. If the notifying party does not have a Danish social security number, or the investor applying for approval is a foreign investor the notification must include a document which proves the identity of the notifying party.

The notification form is made by the Danish Business Authority and may be filled in either in Danish or in English.

Pernille Nørkær

Partner

+45 30 37 96 40

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Jeanette Kjeldgaard Rasmussen

Senior Associate

+45 30 37 96 44

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