Mandate

Barclays Bank Plc and FöreningsSparbanken AB in joint venture

April 26, 2005

FöreningsSparbanken, the Swedish savings bank and Barclays Bank plc, the listed British banking group have agreed to form a joint venture to sell and distribute credit cards in the Nordic market. FöreningsSparbanken will have a 60% stake in the JV and Barclays will hold the balance. The transaction is inter alia subject to approval by the Swedish FSA and the European Commission.

Vinge acted for Barclays Bank plc.
Michael Wigge (reponsible partner)
Ulrich Ziche, Dan Hanqvist (associates)

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021

The EU Commission proposes a new tool to counter the use of economic coercion by third countries

The European Commission has proposed a new regulation that will provide it with tools to counteract economic coercion from third countries with measures such as tariffs and imports restrictions.
December 13, 2021