8 July 2015

Vækstfonden provides new financing solutions in Greenland

Vækstfonden (the Danish Growth Fund) is opening the way for businesses in Greenland and the Faeroe Islands to use the financing solutions offered today by Vækstfonden to small and medium-sized businesses. This is a consequence of an amendment in the Act concerning Vækstfonden.

Vækstfonden provides the below solutions:

  • Vækstkaution (guarantee) in security of loans and credits (for up to DKK 2 million)
  • Vækstlån (loan) granted as part of an expansion plan or in connection with transferring company ownership (this loan is ranked after other loans and debt)
  • Subordinate loans (must be part of a complete financing solution )
  • Venture capital (requires highly innovative products or business plans, etc.)

At the same time, a loss limit has been reserved in relation to Vækstkaution giving rise to loans from local financing institutes of up to DKK 65 million to businesses in Greenland and Faeroe Islands. When choosing Vækstkaution, Vækstfonden will guarantee up to 75 % of a loan to a business unable to provide enough collateral to obtain a loan at a bank or another financing institute.

Vækstfonden will to a high degree operate via agreements with local cooperation partners such as banks, financing institutes and private investors.

New rankings from Chambers

13 March 2018

Chambers, the leading international guide to the best law firms, ranks Horten as one of the best in the country yet again.

Chambers nominates Horten as Greenland expert

21 February 2018

The recognised international ranking agency Chambers has ranked Horten as one of the country’s leading law firms specialised in the conditions prevailing in Greenland.

Unique cooperation between Horten and Symbion

5 February 2018

Horten has entered into unique cooperation with Symbion and Accelerace where we will make a team of lawyers available for start-up businesses at the shared office facilities Horten CoLab.

Four new partners at Horten

16 January 2018

With effect from 1 January 2018, Horten appointed Christian Tullberg, Kristoffer Westberg, Christina Steen and Niels Jørgen Oggesen as partners.

New Managing Partner at Horten

2 January 2018

Finn Schwarz, Attorney and Partner, has been appointed Managing Partner of Horten Law Firm as of 1 January 2018.

All Greenlandic companies are now to be registered in the CVR register - a modernisation of company legislation is under way

1 January 2018

Greenland: New rules concerning CVR registration and modernisation of company legislation - how does this affect Greenlandic companies?

Horten advances in new Chambers and Legal 500 rankings

19 April 2017

In 2017, the leading international ranking agencies, Legal 500 and Chambers, are once again ranking Horten among the best law firms in Denmark.

Global Leaders in Law appoints Horten as exclusive partner for Denmark

10 January 2017

Global Leaders in Law, the leading global general counsel forum based in London, and Horten has announced partnership. Appointed as a global bronze partner, Horten will sponsor the activities of Global Leaders in Law in 2017.

Greenland adopts personal data act

22 November 2016

From 1 December 2016, the Personal Data Act became effective in Greenland at the request of the Greenland Home Rule. The Act replaces the data protection legislation from 1978, which has applied in Greenland until now.

Public-private investments in Greenland

9 March 2016

On 26 February 2016, Horten and Nuna Law Firm hosted a conference with focus on public-private investments in Greenland.

Denmark and Greenland sign new uranium agreement – why now?

12 February 2016

Denmark and Greenland have entered into a uranium agreement regulating the cooperation on future extraction and export of uranium and radioactive minerals.

Amendments to the Trade Act with effect from 1 January 2016

21 January 2016

The amendments will ease the establishment of operational activities in the Greenlandic market - making the establishment of new as well as international business activity in Greenland more favourable.