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22 April 2021

Covid-19 Loans and the Responsibility of the Board

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The Danish Government has passed several bills related to the Covid-19 situation with the purpose of supporting Danish trade and industry in order to ease the pressure on the liquidity of Danish businesses.

VAT loans and payroll tax loans are some of the measures introduced to help businesses. Many companies have used the opportunity to take out VAT loans (in Danish: “momslån”) to maintain the company's liquidity during periods in which it has been affected by the national lockdown. Moalem Weitemeyer advises a wide range of companies and board members, and so our Disputes department has taken a closer look at what the board of directors should be aware of in relation to such loans in light of its responsibilities and potential liability. 

Thomas Weitemeyer

Managing Partner

+45 30 37 96 90

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Søren Bech

Associate

+45 30 37 96 17

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