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Mandate

VINGE ACTED AS SWEDISH COUNSEL IN CONNECTION WITH SANITEC’S REFINANCING

June 28, 2013

Vinge acted as Swedish counsel for the lenders UBS Limited, Deutsche Bank AG, Danske Bank A/S and DNB Bank ASA in connection with the bathroom manufacturer Sanitec’s refinancing through the issue of corporate bonds to a value of EUR 250 million with a maturity date in 2018 and a new revolving credit facility amounting to EUR 50 million. Sanitec will use the funds to repay old loans and provide dividends to the company’s shareholders.

Vinge’s team consisted of responsible partner Fredrik Wilkens and associates Emma Stuart-Beck, Malin Sund, Helena Håkansson and Sabina Börjesson and associate Martin Folke in relation to real estate issues.

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