The Order sets guidelines for the regulation of interest rates applied to governmental loans to tenant farmers in accordance to article 26 of Order No. 662 of 14 August 1997 on governmental smallholdings and rents. The regulated interest rates in December 2012 with termination in June 2013 are reduced by half (for interest rates from 3 to 5%) and by 2.5% (for interest rates of 5.5% or more).
Implements: Act on land distribution and property trade for agricultural purposes (No. 1275 of 2010). (2010-11-02)
Authors and Publishers
Camilla Scott (CONSLEG)
Once the seat of Viking raiders and later a major north European power, Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe. It joined NATO in 1949 and the EEC (now the EU) in 1973. However, the country has opted out of certain elements of the EU's Maastricht Treaty, including the European Economic and Monetary Union, European defense cooperation, and issues concerning certain justice and home affairs.
Denmark is a parliamentary constitutional monarchy.
The FAO Legal Office provides in-house counsel in accordance with the Basic Texts of the Organization, gives legal advisory services to FAO members, assists in the formulation of