Skip to main content

Danish Supreme Court rules in favour of Ørsted regarding the use of the Ørsted name

Written by Customer Service on . Posted in Public Companies.

Today, the Danish Supreme Court announced its judgment in the case concerning the Ørsted Group’s right to use the Ørsted name. The action was brought by seven bearers of the Ørsted name. In the judgment, the Supreme Court upheld Ørsted’s claim that the company has the right to use the Ørsted name. This means that the case has been brought to a final close.Ørsted CEO Henrik Poulsen says:“We’re very pleased that the Danish Supreme Court has ruled in favour of our right to use the name Ørsted, and that this case has now been brought to an end. We changed our name to Ørsted in 2017 as a tribute to Hans Christian Ørsted, one of the greatest Danish scientists of all time.  He discovered electromagnetism 200 years ago, thereby laying the foundation for the way we produce electricity today. Therefore, we believe that Ørsted is the right name for our company, and we’re pleased that the Danish Supreme Court has upheld our right to use the name.”Ørsted collaborates with the Danish societies ‘H.C. Ørsted Selskabet’ and the ‘Danish Society for the Dissemination of Natural Science’ founded by Hans Christian Ørsted on increasing the awareness of Hans Christian Ørsted and his groundbreaking discoveries.The information provided in this announcement does not change Ørsted’s previously announced financial outlook for the 2020 financial year or the expected investment level announced for 2020.For further information, please contact:
Media Relations
Ulrik Frøhlke
+45 99 55 95 60
ulrfr@orsted.dkInvestor Relations
Allan Bødskov Andersen
+45 99 55 79 96Ørsted has been using the name for over 100 years through its ownership of the H.C. Ørsted Power Station.  When the power station was named in the centenary year of the discovery of electromagnetism, the choice of name was supported by many of Hans Christian Ørsted’s descendants.In January 2018, an action was brought against Ørsted by three descendants of Hans Christian Ørsted, later to be joined by four more. They demanded that the company stop using the name. The case was heard by the Copenhagen Maritime and Commercial Court in March 2019, and the court found in favour of Ørsted in May 2019, entitling Ørsted to continue to use the name. This judgment was appealed to the Danish Supreme Court by the seven descendants in June 2019. Today, the Danish Supreme Court found that Ørsted has the right to use the name.
  Attachment30NOV2020_Company announcement_Danish Supreme Court rules in favour of Ørsted regarding the Ørsted name

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.