Faroese Takeover Act

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The Faroese Takeover Act ( Faroese Yvirtøkulóg ) was signed on April 4, 2005 in Copenhagen between the Minister of State Anders Fogh Rasmussen and the Løgmaður Jóannes Eidesgaard . It came into force on the Faroese national holiday, Ólavsøka, on July 29th.

In the history of the Faroe Islands , it has had the greatest significance since the Autonomy Act of 1948. In future, the Faroe Islands have the right to take over all Danish institutions in the archipelago, as long as they respect the existing employment relationships of civil servants and employees, i.e. take over or settle them, and finance these institutions themselves.

This right already existed beforehand in the sense that it had to be negotiated in a specific case. The mere assumption of the right to the Faroese mineral resources in 1992 meant the end of 17 years of tough negotiations between the two governments. The approval of the Danish government in such cases is no longer required since the new Takeover Act.

At the same time as the signing of this historical document, the Faroe Islands take over Vágar Airport . As a further step, the takeover of the Evangelical Lutheran Volkskirche took place on July 29, 2007.

Within a week, the Faroe Islands, together with the Fámjin Treaty, took an important step towards state sovereignty ( fullveldi ). For the time being, the union with Denmark (rigsfælleskab) remains. The following are therefore excluded from the Takeover Act:

  • The state constitution of Denmark
  • Citizenship
  • The Supreme Court
  • Foreign and security policy
  • Monetary Policy

With regard to the last two points, it should be noted that, since the Fámjin Treaty, the Faroe Islands have been seen as an equal partner in foreign and security policy and will in future be able to set up offices in all Danish embassies and that the Faroe Islands will not be affected by Denmark's accession to the euro zone if they want to keep the Faroese Crown .

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