Mandate

Vinge advises Alecta in connection with investment in Stena Renewable

April 01, 2021

Vinge has advised Alecta in connection with an investment of SEK 1.6 billion in Stena Renewable AB, of which SEK 600 million will be invested over a 5-year period.

The investment is Alecta’s first direct investment in green energy and, following completion of the transaction, Alecta will own 20 per cent of the shares in Stena Renewable. The other shareholders of the company are Stena Adactum, AMF and Norway’s largest pension company, KLP.

Stena Renewable develops, constructs and operates onshore wind farms. The company currently has 115 wind turbines located on eight wind parks in Sweden.

Vinge’s team mainly consisted of Filip Öhrner, Peter Sundgren, Manne Bergström, Carl Fredrik Wachtmeister (M&A) and Johan Cederblad (Environmental law/Real Estate).

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

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