Best Due Diligence Lawyers in Tommerup

About Due Diligence Law in Tommerup, Denmark

Due diligence is the process of investigating legal, commercial, financial, tax and practical issues before a business transaction - for example the purchase of a company, an asset, or real estate. In Tommerup, Denmark, due diligence follows Danish national law and is influenced by local conditions in Assens Municipality and the island of Funen. The aim is to identify risks - legal obligations, hidden liabilities, title defects, planning restrictions, environmental contamination, tax exposure and employment issues - so that you can make an informed decision, negotiate protections, or walk away from a risky deal.

Why You May Need a Lawyer

A lawyer experienced in Danish due diligence can protect your interests at every stage. Common situations where legal help is essential include:

- Buying or selling real estate in Tommerup - to verify title, servitudes, zoning, building permits and public obligations.

- Acquiring a company or shares - to review corporate records, contracts, litigation exposure and regulatory compliance.

- Entering into joint ventures, investor agreements or major supplier contracts - to draft agreements that allocate risk and ensure regulatory compliance.

- Dealing with environmental or planning issues - to interpret local municipal plans, building rules and environmental regulations and to advise on remediation obligations.

- Cross-border investments or financing - to coordinate Danish law issues with foreign legal, tax and regulatory requirements.

A lawyer will draft confidentiality agreements, coordinate investigations with other advisers, interpret findings, negotiate warranties and indemnities, and prepare closing documents or remedies if problems arise.

Local Laws Overview

Key aspects of local and Danish law you should consider when conducting due diligence in Tommerup:

- Property and title registration - Property interests are recorded through Danish registration systems. Verify tinglysning entries and any servitutter or mortgages registered against the property.

- Municipal planning and building regulation - Assens Municipality administers local land-use plans, zoning and building permits. Check permitted land use, building rights, and any outstanding permit conditions that affect redevelopment or use.

- Environmental law - Danish environmental rules require assessment and, where relevant, clean-up of soil or groundwater contamination. Public registers may show known contamination sites. Liability for historic contamination can fall on current or prior owners depending on circumstances.

- Corporate and company law - For company acquisitions, review CVR registration, articles of association, shareholder agreements, board minutes, and related party transactions in line with Danish company law.

- Employment and collective agreements - Danish employment law and collective bargaining agreements provide employee protections. Examine employment contracts, pension obligations, termination rules and potential transfer of undertakings issues.

- Tax and public charges - Consider Danish tax obligations, VAT issues, transfer costs and any municipal charges such as property value taxation. Tax consequences differ between share and asset transactions.

- Public registers and disclosure - Many relevant records are public or accessible to parties with consent - for example land registry entries, company registrations and certain environmental registers. Lawyers help interpret these records and obtain copies when needed.

Frequently Asked Questions

What exactly is due diligence and what does it cover?

Due diligence is a structured review of all material aspects of a target asset or business. It typically covers corporate documentation, contracts, financial statements, taxes, employee matters, intellectual property, litigation, regulatory compliance, property title and environmental matters. The scope is tailored to the transaction and the perceived risks.

How long does a typical due diligence in Tommerup take?

Timing depends on scope and complexity. A focused real estate due diligence can take 1-3 weeks. A full company due diligence may take 3-8 weeks or longer. Timeframes lengthen if documents are missing, third-party permits are required, or technical surveys and environmental investigations are needed.

How much does due diligence cost?

Costs vary by scope and specialist needs - legal review, accounting, tax, environmental consultants and surveyors. Simple reviews start at a modest cost while complex deals requiring specialists can run significantly higher. Ask potential advisers for an estimate and a description of included services.

Who is responsible for paying for due diligence?

Who pays is negotiable. Commonly the buyer pays for its own due diligence, while the seller may be asked to provide documents and cooperate. In some transactions sellers fund a data room or pre-commissioned reports. The parties should agree on scope and cost allocation as part of the negotiation.

What documents should I prepare for a due diligence review?

For a company: articles of association, shareholder agreements, corporate minutes, financial statements, tax returns, major contracts, leases, employee contracts, permits and IP documentation. For real estate: title deeds, tinglysning records, cadastral maps, building permits, energy and condition reports, utility information and any environmental reports.

How can I check property title and servitudes in Tommerup?

Title and servitude information is registered and can be obtained from the national land registration systems. A lawyer or local adviser can retrieve and interpret tinglysning entries and cadastral information and check for mortgages, easements, rights of way and other encumbrances affecting the property.

What should I do if due diligence uncovers contamination or other material risks?

Assess the severity and legal liability. Options include negotiating price adjustments, obtaining seller indemnities, requiring remediation before closing, arranging escrow or insurance, or walking away. Consult environmental specialists and a lawyer to determine legal obligations and remediation costs under Danish law.

Do I need both a lawyer and an accountant?

Yes - lawyers handle legal, regulatory and transactional issues while accountants cover financial statements, tax risks and accounting treatment. For complex transactions you will often need additional specialists such as environmental consultants, surveyors and pension advisers.

Can a Danish lawyer help with cross-border elements?

Yes, Danish lawyers experienced in cross-border work coordinate with foreign counsel, interpret Danish rules for foreign investors, and help structure transactions to address tax, regulatory and enforcement issues in both jurisdictions.

What protections can I obtain if defects are found after closing?

Typical protections include warranties and indemnities from the seller, escrow arrangements, completion accounts and price-adjustment mechanisms. Insurance - for example warranty and indemnity insurance - can also be used to transfer some risk. A lawyer will negotiate the wording, scope, limits and survival periods for these protections.

Additional Resources

Suggested resources and public bodies that can assist with due diligence in Tommerup and Denmark:

- Assens Municipality - for local planning, building permits and municipal records.

- The Danish Land Registration system - for tinglysning and title records.

- Geodatastyrelsen - for cadastral maps and property boundaries.

- The Danish Business Authority and the CVR register - for company registration details.

- Skattestyrelsen - the Danish Tax Agency - for taxation and VAT information.

- Miljoe styrelsen - for environmental regulation and contamination registers.

- Advokatsamfundet - the Danish Bar and Law Society - for finding licensed lawyers and information on professional standards.

- Local accountants and certified advisers for financial and tax due diligence.

Next Steps

If you need legal assistance for due diligence in Tommerup follow this practical sequence:

- Define your objectives and the proposed transaction model - share purchase, asset purchase or property acquisition.

- Assemble basic documents and facts - property identifiers, company registration numbers, recent financial statements and any known issues.

- Contact a Danish lawyer with experience in the relevant area - real estate, corporate transactions or environmental law - and ask about scope, estimated timeline and fees.

- Consider building a multidisciplinary team - lawyer, accountant, environmental consultant and a surveyor - tailored to the transaction risks.

- Sign confidentiality agreements and set up a secure data room to exchange documents.

- Conduct the review, analyse findings with your advisers, and decide on negotiation positions - price adjustment, warranties, indemnities or walk-away conditions.

- Plan for post-closing integration and ongoing compliance, including registration and reporting requirements.

Working with local advisers who understand Assens Municipality and Danish practice will help you identify local issues early, manage risk and complete transactions with greater certainty.