Mandate

Vinge advises Concordia Bus in connection with new share issue and refinancing

September 08, 2009

Vinge has advised Concordia Bus in connection with the implementation of a rights issue subject to pre-emption rights for the existing shareholders and the exchange of the company’s existing senior notes in the amount of EUR 130 million for new senior notes. In connection with the rights issue, all of the company’s outstanding preference shares were redeemed. The new issue will generate just over SEK 800 million for the company.

Concordia Bus is one of Europe’s ten largest public transportation groups and the Nordic region’s leading bus transportation group. The group has approximately 7,000 employees and a turnover of approximately SEK 5.5 billion.

The Vinge team consisted of Ola Sandersson, Maria-Pia Midenbäck Hope, Bo Adrianzon, Mattias Schömer, Maria Doeser, Dain Nevonen, Nils-Taro Lock, Elin Hjort and Christian Granqvist.

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