We use cookies to give you a better Web experience. By visiting our website you agree to our use of cookies. Read about cookies
OK
  1. Home
  2. Mandates
  3. Vinge advises Dollar Financial Corp on its acquisition of Folkia

Mandate Vinge advises Dollar Financial Corp on its acquisition of Folkia

August 30, 2010

Vinge is acting as Swedish counsel to Dollar Financial Corp in connection with Dollar Financial Corp's acquisition of Folkia Group AS, a leading Scandinavian internet lending business with headquarters in Stockholm, Sweden. Dollar Financial Corp is a leading international diversified financial services company primarily serving unbanked and under-banked consumers. Folkia, which was founded in 2006, currently originates loans through both internet and SMS text cell phone technology in four countries; Sweden, Finland, Denmark, and Estonia. The completion of the acquisition is contingent upon customary closing conditions, including local regulatory approval.

The Vinge team advising Dollar Financial Corp includes corporate partner Jan Byström and corporate associates Martina Engström and Anna-Sofia Nilsson Prevell. Partner Fredrik Dahl and associate Philip Watson are providing employment benefits advice. Partner Mikael Ståhl and associates Dan Hanqvist and Adam Weissbach are providing financial services and regulatory advice.

Clarification of the interpretation of ”nearest suitable railway station”

 Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

 DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

 A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020