Mandate

Lendify has secured new financing of up to SEK 1,500,000,000 from, amongst others, Insight Investment

June 11, 2019

Together with, amongst others, the management of the company, the arranger and legal advisors to the arranger, Vinge has acted for Lendify in the structuring, documenting and execution of the transaction where one of the world’s largest and most well established asset managers, Insight Investment, acted as main investor.

The transaction is one of the first in Sweden to be executed and reported under the new EU securitisation regulation (Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017) and to be subject to the new reporting requirements thereunder.

Lendify has, with Vinge’s assistance, secured financing of approximately SEK 2,800,000,000 during the spring of 2019, primarily by completion of the above mentioned transaction, by completion of the transaction with a large Swedish institution previously announced in February and by establishing a credit facility with Nordea.

Vinge’s team mainly consisted of partner Albert Wållgren, associates Lionardo Ojeda and Axel Jansson (Banking and Finance) and partner Emma Stuart Beck and associate Caroline Krassén (Financial Services).

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