Mandate

Vinge advises Fouriertransform in connection investment in El-Forest

July 06, 2010

Vinge has advised Fouriertransform in connection with its investment in El-Forest. El-Forest has developed the world’s first forestry machine that uses energy efficient electric-hybrid technology. The technology gives rise to several environmental improvement measures. The investment is taking place through a directed new share issue pursuant to which Fouriertransform will become the largest individual shareholder. El-Forest’s forestry machine has a unique and patented track following and hybrid operation system which reduces fuel consumption, carbon dioxide emissions and reduces damage to forests due to the light weight of the machine.

Fouriertransform is a state-owned venture capital company which commercially supports innovative companies and entrepreneurs who can contribute to stimulating the Swedish vehicle industry.

Fouriertransform was represented in the negotiations by partner Bo Adrianzon and associate Johan Steen. Associates Sofia Berg and Adam Weissbach (IP) assisted in the due diligence phase.

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