Mandate

Vinge advises Ellevio

October 26, 2016

Vinge advises Ellevio on the acquisition of electricity network business in Nynäshamn (Nynäshamn Energi AB) from Kraftringen Energi. As a result, approximately 16,000 customers get a new network owner. The electricity network in Nynäshamn/Ösmo borders Ellevio’s regional network in Stockholm and further strengthens Ellevio’s already strong position in the Greater Stockholm area.

Ellevio is Sweden’s largest independent electricity network company with approximately 915,000 customers and 400 employees. Ellevio is owned by the Swedish Third National Pension Fund, Folksam, the Swedish First National Pension Fund and Borealis Infrastructure Management.

Closing of the transaction is subject to customary closing conditions. Closing is expected to take place no later than 30 November 2016.

Vinge’s team consisted primarily of responsible partner Johan Göthberg (Energy) together with associate Erik Claesson (M&A), partner Eva Fredriksson (IT), associate Matilda Persson (IT), Johan Cederblad (environment), Matilda Gustafsson (real estate), Sara Strandberg (employment) and Carolina Sandell (commercial agreements).

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