Mandate VINGE ADVISES HOLTBACK GROUP IN CONNECTION WITH ACQUISITION OF HULTSTEINS KYL AB

May 26, 2014

Vinge has advised Holtback Group in connection with its acquisition of all shares in Hultsteins Kyl AB. Hultsteins develops, manufactures and sells refrigeration units for vehicles. The acquisition also includes two subsidiaries which conduct service and repair work for vehicles and refrigeration units and real estate management respectively. Holtback Group is a privately-owned enterprise investment company in Gothenburg which primarily invests in small- and medium sized enterprises with favourable short-term growth potential.

Vinge’s team consisted of responsible partner Anders Strid and associates Anna Seisling (project manager and employment law), Joel Zetterström (IT), Daniel Lennartsson (due diligence) and company assistant Josefin Halldén.

Sanctions round-up

Not long time ago sanctions were a rare occurrence which only involved obscure products and countries, and which were decided by the members of the United Nations Security Council. Today, the European Union and, in particular, the United States, impose sanctions and other trade restrictions with high frequency which have the potential to affect any type of transaction. Below you will find a summary of some recent developments.
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EU Commission criticizes Sweden for its application of the rules on combined transports

Through a formal notice to Sweden, the European Commission has criticized the inadequate application of Directive 92/106/ECC on common rules for certain forms of combined transport of goods between Member States (the “Combined Transports Directive”). The notice mainly concerns the Swedish Transport Agency's application of the term "nearest suitable railway station"
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