Mandate

Vinge advises EQT Infrastructure II in connection with the Hector Rail group’s divestment of GB Railfreight

September 23, 2019

GB Railfreight was acquired by EQT Infrastructure II, through its current Swedish portfolio company Hector Rail, in November 2016 and is the third largest rail freight operator in the United Kingdom, with a turnover in excess of GBP 200m.

GB Railfreight is one of the fastest growing companies in the UK railway sector and transports goods and provides services for a wide range of customers.

 
Vinge has advised EQT Infrastructure II in connection with the restructuring of the Hector Rail group and in connection with the divestment of its UK subsidiary GB Railfreight. 
 
The transaction is expected to close mid‑October 2019.
 
Vinge’s team consisted of Daniel Rosvall, Karl Klackenberg, Hannes Pettersson and Milad Kamali
 

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.
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Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
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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