Mandate

Vinge advises in Stendörren Fastigheter AB (publ):s issuance and repurchase of bonds

January 22, 2021

Vinge advises in Stendörren’s issuance of a new senior unsecured bond in an amount of SEK 700,000,000 within a framework amount of SEK 1,000,000,000 and in Stendörren’s repurchase of its existing senior unsecured bonds.

The new bonds have a tenor of 3.25 years and carries a floating rate interest of 3 months STIBOR plus 365 basis points. In accordance with the terms and conditions, the new bonds are intended to be listed on the corporate bond list of Nasdaq Stockholm. Nordea Bank Abp and Swedbank AB (publ) acted as arrangers, bookrunners and dealer managers in connection with the transaction. Swedbank AB (publ) also acted as issuing agent.

Vinge’s team consisted of Louise Brorsson Salomon, Lionardo Ojeda and Hannes Pettersson.

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