(Swedish) File sharing damages insurer plans international expansion

The Swedish company which offers insurance against file sharing law suits will expand into other Scandinavian countries.

Founder and owner Magnus Brath told OUT-LAW that “very similar” legal regimes in Denmark and Norway make a move likely.

“There are of course different laws in different countries but it seems like we should be able to expand into the Nordic countries at least in the not too distant future,” Brath said. “It’s a very small company at the moment and we don’t have the resources to get out into Europe fast, but we’re looking into it.”

The company, Tankafritt, was launched this week and Brath is currently the owner and sole employee. It operates on a membership basis. “Our customers pay us 140 which is about £10 and they get to be a member for a year and then if they get sued for file sharing we will pay their fines if they get any,” said Brath. “We should be able to pay every fine in the future.”