Securities and Investments Board v Scandex Capital Management A/S and Another [1998] 1 All ER

In 1995, Mr Bartholomew‐White, together with Mr Ian Farrell established a company called Euro Currency Corporation Ltd (‘Euro Currency’) intended to provide foreign exchange dealing services. The company started to trade in March 1995 from premises in London SW1. Later in 1995 they decided to establish a base in Denmark, for the purpose of expanding their activities into Europe. They sought legal advice in Denmark regarding incorporation from Mr Feldung and were advised that two Danish directors would be required: Feldung himself and one of his partners, Mr Paul Petersen.