Assignment

Vinge advises AMF, Första AP-fonden and Folksam on investment in Volvo Cars

March 30, 2017

Vinge has advised AMF, Första AP-fonden and Folksam in connection with their SEK 5 bn investment in Volvo Cars. The investment is made in preference shares and includes a right to convert the preference shares into ordinary shares in connection with potential future IPO.
 
The Vinge team primarily consisted of Charlotte Levin and Erik Sjöman.

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.
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Vinge employs additional antitrust economists to further strengthen its practice

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European Commission provides sanctions compliance guidance

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September 20, 2021