Mandate

Vinge advises Industrifonden in connection with its investment in "invisible cycle helmets"

May 27, 2011

Vinge has advised Industrifonden in connection with its investment in Hövding Sverige AB, a company which has developed a revolutionary type of cycle helmet which sits like a collar around the cyclist's neck. The collar contains a compressed airbag which is activated by sensors when an accident occurs.The company has raised new capital amounting to SEK 30 million through a SEK 20 million investment by Industrifonden and an SEK 10 million investment by the existing owners. The funds will be used to finance the launch of the new cycle helmet which will be avialble for sale in the autumn.
 
Industrifonden invests in small and medium sized Swedish companies with the potential for international expansion. The fund has access to approximately SEK 3 billion, SEK 1.5 billion of which is invested in approximately 90 companies within the technology, cleantech, life science and industrial sectors.
 
Vinge's team consisted of Johan Larsson and Johan Winnerblad, who was the responsible partner.

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.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

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