LIABILITY, LIMITATION OF LIABILITY AND INSURANCE
6.1 The Law Firm Poul Schmith is liable to pay
damages according to Danish law for the consequences of mistakes
made by the law firm's partners and lawyers.
6.2 The Law Firm Poul Schmith's liability is,
however, in any respect subject to the following
LIMITATION OF LIABILITY:
6.2.1 The client may raise claim against the Law Firm
Poul Schmith only and not against an individual partner or
lawyer.
6.2.2 The total amount of compensation for the
consequences of one given damage cannot exceed DKK 75 million. All
claims shall be considered consequences of one given damage if they
are caused by the same continuous or repeated actionable matter,
and whether or not one or more of the persons for whom we are
liable have incurred liabilities and whether or not one or more
claimants can assert claims on account of the matter.
6.2.3 Liability does not cover indirect losses,
including inter alia consequential losses and the loss of time,
profit, data, goodwill and image. Liability does not cover fines or
the like whether they befall to the public or the private sector
("punitive damages").
6.2.4 Liability does not cover claims advanced in the
United States or Canada.
6.2.5 Liability does not cover the liability for other
consultants to whom we have left parts of the assignment according
to an agreement with the client, or whom the client has engaged on
our referral.
6.2.6 The Lawfirm Poul Schmith advises as Danish
lawyers on Danish law only. If the legal assignment involves
foreign law, we recommend that local lawyers be en-gaged by the
client. Any involvement in such non-Danish legal matters related to
the legal assignment shall not be considered to amount to advice on
non-Danish legal matters.
6.3 The Law Firm Poul Schmith has taken out a
professional indemnity insurance and provided a guarantee in
accordance with the regulations of the Danish Bar and Law Society.
The indemnity insurance covers performance of all legal practice
from our office in Denmark, irrespective of the actual place of
performance of the legal practice.
6.4 The indemnity insurance and the guarantee
of the Law Firm Poul Schmith are placed at Codan Forsikring A/S,
Gammel Kongevej 60, 1790 København V.