Mandate

Vinge advised Sapa on Chinese railways agreement

April 28, 2011

Vinge in Hong Kong has advised Sapa (a wholly owned subsidiary of the Norwegian Orkla ASA) in conjunction with the entry into an agreement with China's largest aluminum company, Chalco, concerning the supply of aluminum profiles to the Chinese railway industry. The joint venture agreement was executed in April this year at a cermony in Beijing attended by 70 specially invited guests. Each party holds 50% of the shares in the joint venture company. In total, the deal relates to an investment of approximately EUR 70 million. The joint venture agreement entails, among other things, that Sapa will be involved in the development of high speed trains for the Chinese market. The agreement has attracted a great deal of interest in both China and Norway.

Vinge's team consisted of Katarina Nilsson, the head of Vinge's China operations.

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