General Terms and Conditions, Privacy Policy and Cookie Policy

Introduction 

These general terms and conditions apply to all advice and other services rendered by Advokatfirman ThorLaw AB (ThorLaw). The general terms and conditions may be amended from time to time.  

Scope of Work etc. 

The scope of our work will be specified, as far as possible in advance, either (i) in a separate letter of engagement at your request, or (ii) agreed with you at the outset of the engagement.  

Advice provided by ThorLaw is tailored to each specific engagement, to the facts presented to ThorLaw and to your instructions. Hence, you may not rely on such advice for any other matter or purpose. 

All information provided by ThorLaw in draft versions of our documents is provisional and subject to the wording of the final versions. 

Unless otherwise agreed, our advice in the engagement does not include tax advice. 

All advice provided by ThorLaw is based on the laws of Sweden and does not include the law of any other jurisdiction. Any opinions by ThorLaw about the law in other jurisdictions are non-binding, based solely on our general experience, and shall not be construed as legal advice. However, ThorLaw may upon your request use our international network to assist you in obtaining necessary advice related to other jurisdictions. 

Our work products and advice in every engagement are rendered based on the law as of the date when the work product or advice is provided. Unless otherwise agreed, ThorLaw assumes no responsibility and will not be held liable to update them following legal changes after that date. 

Code of Conduct 

The Code of Professional Conduct for Members of the Swedish Bar Association (see https://www.advokatsamfundet.se/) applies to each engagement. 

Check of Identification and Ownership Structure etc. 

ThorLaw is obliged to collect and preserve evidence and certain documentation about clients’ identities, the ownership structure of clients, and certain entities and individuals affiliated with them, and to retain satisfactory evidence thereof. 

Therefore, ThorLaw may ask you to provide identification documents and other relevant information. New clients may also be asked for professional references. If you do not provide the requested documentation, ThorLaw may be legally obliged to terminate the engagement. 

In spite of any duty of confidentiality, ThorLaw may be legally obliged to provide information in connection with investigations of certain types of crimes. In some circumstances (e.g., where a client is subject to VAT reverse charge arrangements in its EU member state), ThorLaw may also be obliged to provide VAT registration numbers to the Swedish Tax Agency. 

By engaging ThorLaw, you consent to the disclosure of the said information. 

Fees 

Fees are determined based on the Code of Professional Conduct for Members of the Swedish Bar Association, taking into account, among other things: 
i) the skill and experience required for the matter; 
ii) the result achieved; 
iii) the time expended; 
iv) the monetary value to which the matter pertains; 
v) any risks for ThorLaw; and 
vi) the time pressure involved in the engagement. 

On your request, ThorLaw may also, depending on the nature of the engagement, agree on a fixed fee, fee cap, or other fee arrangement. 

In addition to our fee for the services rendered, ThorLaw is entitled to reimbursement for its expenses relating to the engagement, such as filing fees, notary or translation services, courier or express delivery services, travel, accommodation, and other advisors’ fees. 

Payment shall be made within 10 days of the invoice date (or such later date as specified in the invoice). In case of late payment, penalty interest will be charged from the due date until receipt of payment in accordance with the Swedish Interest Act (Räntelagen (1975:635)). 

If the fees for our engagement are eligible for reimbursement through insurance (e.g., legal aid insurance), you remain responsible for paying our invoices, regardless of whether such insurance covers all or part of our fees. 

ThorLaw has the right to request a retainer, both before ThorLaw commences work on a specific engagement and during an ongoing engagement. The right to a retainer applies continuously throughout the engagement. The retainer is applied to future expenses and fee invoices. Retainers are ordinarily set off against invoices upon the conclusion of the engagement. For the avoidance of doubt, final fees will typically exceed the retainer amount and shall not be construed as a fixed fee or capped fee arrangement. 

Other Advisers and Professionals 

An engagement may require ThorLaw to engage other consultants or professionals (such as lawyers from other jurisdictions) to support you. If so instructed, ThorLaw is willing to assist you in identifying, contracting, and instructing such consultants and professionals. Any authority to contract or instruct such consultants or professionals includes authority to accept a limitation of their liability on your behalf. 

Any of your other consultants and professionals (whether or not identified, contracted, or instructed by us) shall be deemed independent of ThorLaw. ThorLaw assumes no liability for such other advisers or professionals.  

Payment of fees and expenses of such consultants and professionals remains your responsibility.  

Confidentiality 

ThorLaw is subject to duties of confidentiality under the Swedish Code of Judicial Procedure and the Code of Professional Conduct for Members of the Swedish Bar Association.  

ThorLaw may communicate with you by e-mail and through the Internet notwithstanding the associated security and confidentiality risks. ThorLaw recommends that you follow up important e-mails with a phone call. 

ThorLaw may – unless you explicitly disagree - once an engagement has become publicly known, briefly disclose our involvement in the engagement together with publicly available information for marketing purposes. 

The Market Abuse Directive 

If you require ThorLaw to maintain an insider list in order to comply with your obligations under the Market Abuse Regulation (2014/596/EU) and related rules, you must inform ThorLaw in writing in advance.  

Limitation of Liability 

Your relationship with respect to any engagement whereby you have retained ThorLaw is with ThorLaw solely and not with any individual employed by or associated with ThorLaw. As a consequence, no individual or entity associated with ThorLaw (such as shareholders, partners, and employees) shall have any personal liability for engagements taken on by ThorLaw. 

Unless otherwise agreed at the outset of an engagement (or a particular matter within an engagement), ThorLaw’s liability for loss or damage suffered by a client as a consequence of error or negligence on our part in performing work in an engagement is limited to five million Swedish Krona or a sum equal to five (5) times the fee for the matter involving the claim, whichever is higher. 

ThorLaw has no liability for the accuracy or completeness of any information provided to ThorLaw by our clients or any other person in the course of the performance of our engagements, nor for any loss or damage arising from fraudulent acts, misrepresentations, or wilful default by any person other than ourselves, our partners, or our employees. 

ThorLaw has no liability for any loss or damage suffered as a result of any event beyond our control, which ThorLaw could not reasonably have foreseen, avoided, or overcome at the time the engagement was initiated. 

ThorLaw has no liability for any loss or damage suffered as a result of the use of any of our work products or advice in any context or for any purpose other than that for which it was originally provided. 

In an engagement where ThorLaw has undertaken to provide advice about potential tax consequences, our liability shall not include taxes which the client is to pay unless, at the time the advice was given, it was clear that the client could have achieved the commercial objectives by using an alternative structure or method without additional costs or risk and thereby could have avoided payment of such tax entirely. 

ThorLaw’s liability is reduced by any amount which the client may receive under any insurance policy maintained by or for the client or pursuant to any hold-harmless agreement. ThorLaw shall not be liable for loss of production, loss of profit, or any other indirect, consequential, or special damages. 

If ThorLaw is one among several advisers who are liable to you in relation to the same loss or damage, our liability will be limited to the proportion of our fees relative to the total fees payable to all advisers. 

ThorLaw has no liability to any third party for any loss or damage suffered as a result of the client or any third party’s use of any of our documents or advice. If, at a specific request from a client, ThorLaw agrees that a third party may rely on any of our documents or advice, or if ThorLawissue any certificate, opinion, or the like to a third party, this will not increase or otherwise affect ThorLaw’s liability to our disadvantage. Any amount payable to such third party as a result of such liability shall, on a krona-for-krona basis, reduce ThorLaw’s liability to our client correspondingly. ThorLaw assumes no client relationship or other advisory liability with any such third party. 

ThorLaw maintains the Swedish Bar Association’s compulsory professional indemnity insurance. 

Any claim against ThorLaw should be submitted as soon as you become aware of the circumstances giving rise to the claim. Any claim based on a demand against you by any authority may not be made later than two months after the date such a demand was made against you and under no circumstances later than three years after the date of our last invoice for the engagement to which the claim refers. 

Any claim otherwise based on circumstances of which you were unaware, and could not have known of after reasonable investigation, as of the date of our last invoice for the engagement, may not be made later than one month after the date such circumstances became known or could reasonably have become known to you, and under no circumstances later than one year after the date of our last invoice for the engagement. No other claim may be made later than 12 months after the date of our last invoice for the engagement. 

Should your claim be based on a claim against you by any authority or third party, ThorLaw or our insurers shall be entitled to meet, settle, or compromise such a claim on your behalf, provided that you – taking into consideration the limitations of liability provided by these general terms and conditions or otherwise applicable to the engagement – are indemnified by us. If you meet, settle, compromise, or otherwise take any action in relation to such a claim without our consent, ThorLaw will not accept any liability for such a claim. 

If you are reimbursed by ThorLaw or our insurers in respect of a claim, you shall, as a condition for such reimbursement, transfer the right to recourse against third parties to ThorLaw or our insurers by way of subrogation or assignment. 

Termination and Withdrawal 

You may terminate our engagement at any time. Applicable law and the Code of Professional Conduct specify the circumstances in which ThorLaw may, or is required to, withdraw from an engagement. 

In the event of termination or withdrawal by us, you must pay the fees for our work and reimburse ThorLaw for the expenses incurred up to the date of termination or withdrawal, in accordance with these general terms and conditions. 

Disputes 

Any dispute, controversy, or claim arising out of or in connection with these general terms and conditions, or the breach, termination, or invalidity thereof, shall be finally settled by arbitration administered by the Arbitration Institute of the Stockholm Chamber of Commerce (the SCC). 

The Rules for Expedited Arbitrations shall apply, unless the SCC determines, in its discretion, that the Arbitration Rules shall apply, taking into account the complexity of the case, the amount in dispute, and other relevant circumstances. In the latter case, the SCC shall also decide whether the Arbitral Tribunal shall be composed of one or three arbitrators. 

The seat of arbitration shall be Göteborg, Sweden. 
The language to be used in the arbitral proceedings shall be English. 
This contract shall be governed by the substantive law of Sweden. 

With regard to disputes between a consumer and ThorLaw, you have the right, if an amicable solution has not been reached, to have the matter tried by the Consumer Dispute Resolution Board (Konsumenttvistnämnden) of the Swedish Bar Association; (www.advokatsamfundet.se/konsumenttvistnamnden). A consumer is a natural person who acts for purposes outside business or professional operations. 

ThorLaw reserves the right to commence proceedings against you for payment of any amount due in any court where you are domiciled, where your assets are located, or, alternatively, in the Stockholm District Court, Sweden. 

Privacy Policy

Advokatfirman ThorLaw AB (“we”, “us”, “ThorLaw” or the “firm”), in its capacity as data controller, may collect, store, and otherwise process personal data relating to you.

The personal data may include name, personal identification number or equivalent, contact details, title, employer identity, passport or other identification, engagement title, information about the purpose of the engagement, origin of assets to be used in connection with the engagement, beneficial owner information, whether the client, a beneficial owner, or any affiliate or known associate is a politically exposed person (PEP), and the name and profession/position of such PEP. We may also process invoicing details, payment history, payment reminders, and other personal data as may be required depending on the nature of the engagement.

We process personal data for purposes including:

• carrying out conflict of interest checks,

• fulfilling legal, regulatory, and risk management obligations,

• managing invoicing, accounting, and debt collection,

• executing engagements and representing clients,

• preparing internal statistics and analyses,

• managing relationships with clients, suppliers, and partners,

• conducting industry and market research,

• marketing the firm.

Personal data may be subject to legal professional privilege and our duty of confidentiality, and will only be shared in accordance with the Swedish Bar Association’s rules.

Personal data is stored in accordance with the Swedish Bar Association’s rules and for as long as required by law.

When you use our website, we may collect and process personal data such as IP address, email address, pages visited, visit time and duration, and data generated by cookies.

You have the right to request access to your personal data, rectification, deletion, or restriction of processing, as provided by applicable law. You also have the right to withdraw your consent at any time.

If you have concerns about our processing of your personal data, please contact us. You also have the right to file a complaint with the Swedish Authority for Privacy Protection (Integritetsskyddsmyndigheten, IMY), or with the supervisory authority in the country where you live or work.

We may update this Privacy Policy. Updates will be published on our website and referred to in our digital communications.

Cookie Policy

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