Gorrissen Federspiel
2 Experts
1 Contributions by Gorrissen Federspiel
PRACTICE NOTES
Loan market and developments
A concise outline of the current Danish loan market and notable recent developments follows. Most corporate lending still comes via bank facilities—both committed and uncommitted—and is frequently secured. Security packages commonly comprise:
shares;
real property;
bank accounts; and
a floating charge spanning all moveable property, receivables and intellectual property of the borrower.
Financing for both private and commercial real property is most often arranged through mortgage credit loans provided by mortgage credit institutions, with the relevant property given as security. The Danish Capital Markets Act introduced SME Growth Markets in Denmark for small and medium-sized companies (SMEs). In the preparatory remarks to the Act, it is noted that SMEs have experienced difficulties obtaining finance since the financial crisis. By establishing SME Growth Markets in Denmark, the aim is to grant SMEs easier access to the capital markets and
Banking & Finance
If you expected to see yourself on this page, click here.
