Denmark: Finance and Banking

A Danish Supreme Court case examines whether a bankruptcy trustee from Gorrissen Federspiel can be held liable for failing to pursue clawback claims against a financial clearingbroker involving over $64 million in financial security arrangements. The dispute centers on whether supplementary securities provided through P/E calls were protected under securities trading law and whether the clearingbroker actually gained any economic benefit that could be subject to bankruptcy clawback provisions.

Nasdaq Copenhagen has issued reprimands for publishing required regulated disclosures as "investor news" instead of regulatory company announcements

In a No Action Letter, EBA provides welcome clarifications regarding the interplay between PSD2 and MiCA for transactions with EMTs but substantial obligations...