Mandate

Vinge advises Beijer Byggmaterial in connection with the acquisition of Centro Kakel & Klinker

September 07, 2021

Vinge has advised Beijer Byggmaterial AB in connection with the acquisition of Centro Kakel & Klinker AB.

Centro is one of Sweden’s largest resellers of tiles, clinkers and accessories with a history spanning more than 50 years. Centro has 10 stores in total as well as a central storage facility located in Bro. The head office is located in Järfälla in Stockholm.

Vinge’s team consisted of, among others, Jonas BergströmJoacim RydergårdVilhelm Rondahl and Ellinor Wargenbrant (M&A), Frida Ställborn (Real Property/Lease Agreements), Lina Österberg (Environment), Karl-Hugo Engdahl (GDPR), Ebba Svenburg, Elin Broman (Employment Law) and Nathalie Hughes (VDR).

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