Mandate

Vinge advises Embracer in connection with the financing of its intended acquisition of Asmodee

December 16, 2021

Embracer Group AB (publ) has entered into exclusive negotiations to acquire the Asmodee group from amongst others funds advised or managed by PAI Partners SAS. The acquisition is subject to completion of the consultation of the relevant works council and exercise by the shareholders of Asmodee of their sell option.

Vinge has advised Embracer in connection with the signing of a new SEK 18 billion facilities agreement with SEB, Nordea and Swedbank for the purpose of, amongst other things, financing the acquisition.

Embracer Group is the parent company of businesses developing and publishing PC, console and mobile games for the global games market. With its head office based in Karlstad, Sweden, Embracer Group has a global presence through eight operative groups with 86 internal game development studios, and is engaging more than 9,000 employees and contracted employees in more than 40 countries.

Vinges consisted of Louise Brorsson Salomon, Lionardo Ojeda and Felix Möller.

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.
January 21, 2022

Vinge presents the Swedish chapter for the 2022 version of The Legal 500: Private Equity Country Comparative Guide

The guide provides an overview of the Swedish Private Equity market and the salient legislation in connection with PE transactions in Sweden.
January 11, 2022

The prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings

On Tuesday 21 December, the EU Court of Justice delivered its long-awaited judgment in the Bank Melli Iran case (Case C-124/20) on the interpretation of the EU Blocking Statute regarding compliance with third country sanctions. According to the Court, the prohibition imposed by EU law on complying with secondary sanctions laid down by the United States against Iran may be relied on in civil proceedings. Following the Court’s judgment, anyone seeking to terminate a contract with a person or business subject to US sanctions must thoroughly consider if the termination is motivated by other reasons than the existing sanctions and reflect on whether to apply to the Commission for a derogation from the Blocking Statute.
December 23, 2021