Mandate

Industri Kapital sells Prevesta

March 30, 2007

Industri Kapital has sold Prevesta to Block Watne Gruppen for SEK 1.9 billion. The acquisition is subject to obtaining the approval of the Swedish Financial Supervisory Authority. Prevesta is Sweden's leading manufacturer of prefabricated wooden homes, with brands including Myresjöhus and Smålandsvillan.

Vinge was adviser to Industri Kapital during the sale. Malin Leffler, Göran Nyström, Mi Gustafsson, Henrik Fritz and Jesper Schönbeck represented Vinge.

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021