Mandate

Vinge advises Borgo in connection with the formation of a new mortgage company

September 20, 2019

Five finance companies have formed a new residential mortgage platform. Ålandsbanken, Ica Banken, Ikano Bank, Söderberg & Partners and Borgo have entered into an agreement regarding the establishment of a jointly owned mortgage company on the Swedish market.

In connection with the creation of the new residential mortgage platform, the majority of the shares in Borgo were acquired by Ålandsbanken, Ica Banken, Ikano Bank and Söderberg & Partners. Borgo’s management will assume the operational responsibility for the co‑ordination and establishment of the new mortgage company.

Vinge’s team primarily consisted of Johan Larsson, Mattias Schömer, Emma‑Stuart Beck and Malin Haag.

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