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.

Clarification of the interpretation of ”nearest suitable railway station”

Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020