Vinge advises Bonhams 1793 Limited in connection with its acquisition of Bukowski

January 11, 2022

Vinge has advised Bonhams 1793 Limited, an international auction house with its head office in London, and a portfolio company of Epiris LLP, in connection with its acquisition of Bukowski Auktioner Aktiebolag (”Bukowski”).

Bukowski is an auction house within art and antiquities with its head office in Berzelii Park in Stockholm. The company also has a Finnish Subsidiary, Bukowski Oy. Through the acquisition, Bonhams will extend its geographical presence in Europe.

Vinge’s team consisted of, among others, Christina Kokko, Isabelle Wållgren, Hannah Kajlinger, Christa Anttila, Vilhelm Rondahl and Ellen Åkerdahl Flygt (M&A), Anton Sjökvist and Caroline Krassén (Financial Services), Tove Lövgren Frisk (Compliance), Karl-Hugo Engdahl (GDPR, IT), Ulf Pyk (Real Estate), Karolina Fuhrman and Isabell Nielsen (Corporate Commercial), Arvid Axelryd (IP), Emil Lindvall and Gustav Lindgren (Employment) as well as Sara Dahlros Sköld (VDR).

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The EU Court of Justice dismisses Belgium’s request in Opinion 1/20, but points out that the dispute settlement mechanism of ECT is not applicable to ‘intra-EU disputes’

The Energy Charter Treaty (ECT) is under renegotiation. Its Article 26, which provides a dispute settlement mechanism, has however not been announced as being subject to such renegotiations. On 2 December 2020, Belgium submitted a request to the EU Court of Justice (CJEU) for an opinion on whether the dispute settlement mechanism of the draft ECT, assuming it remains unchanged, could be interpreted as allowing its application intra-European Union, i.e. between an EU Member State and an investor who is a national of another Member State, and whether this would be compatible with the EU Treaties, in particular Article 19 TEU on the role of the CJEU and Article 344 TFEU on the autonomy of EU law.
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