As a global law firm, we offer business-oriented advice on export credits. We liaise with our colleagues in more than 40 countries to ensure the best possible financing solution.
Finance
Export financing is a complex and document heavy field, which requires particular knowledge of legislation. The frequent need for knowledge about legislation across borders and business cultures adds to its complexity. Furthermore, it is important to consider the financial risks involved in doing business with other countries, whether as an exporter, a subsupplier, or as an enterprise having activities abroad.
When selecting DLA Piper as your legal advisor in the field of export credits, you get access to a global network of lawyers. We have offices in more than 40 countries, where we provide advice to world-leading enterprises, startups, and financial institutions. The combination of global insight and local understanding means that we can foresee potential pitfalls in the individual countries and advise on cultural differences and nuances that may be of vital importance to your business.
EKF financing
Export financing via EKF (the Danish Export Credit Agency) helps to strengthen your international business opportunities in a way that allows for a high level of security to your business. We can advise on your possibilities for cooperating with EKF, assess your risks and assist in negotiating a cooperation agreement.
EKF helps exporting enterprises in many different ways:
- Protecting your exports
To go beyond national borders may involve financial risks. For any business owner, differences in legislations, business cultures, and political landscapes might give scope for uncertainty.
EKF can offer an export credit guarantee to help you hold a strong position when you embark on trading with other countries. For instance, EKF can protect you if your customer cancels an order prematurely or goes bankrupt. Moreover, EKF can protect you against losses due to political risks (eg. import bans and currency restrictions).
- Financing of your enterprise
To make your enterprise grow beyond national borders requires additional financing. EKF can provide credit and thereby a guarantee to your bank to enhance your credit facilities. Whether as an exporter, a subsupplier to an exporting enterprise or if a part of your enterprise’s turnover comes from abroad, you can get credit from EKF.
Additional finance can help cover increased expenses if, for instance, you wish to take in more customers, accept large orders, or to buy additional plant and machinery to expand production capabilities.
- Financing your customers
EKF can help your foreign customers in terms of financing the purchase of your products. This helps to enhance your sales performance as it puts you ahead of your competitors. In this way, your customers can make credit purchases at no risk to you.
EKF can also insure your enterprise against losses if you grant the credit to your customers without involving a bank.
Irrespective of how you finance your enterprise’s exports and growth, we at DLA Piper are available to provide specialist advice to ensure that you choose the right solution for your enterprise.
