Mandate

Vinge advises iZettle in connection with investment by American Express

October 30, 2012

Vinge has advised iZettle in connection with an investment by American Express through an increase in the capital raising performed during the course of this summer of approximately EUR 25 million from several venture capital investors as well as MasterCard. The size of the investment has not been made public.  iZettle’s services consist of an app and a mini chip-card reader which turns an iPhone, iPad or an Android phone into a mobile payment terminal. iZettle’s services are currently available in Sweden, Norway, Denmark, Finland, the UK and Germany and the capital raising will facilitate the company’s expansion into further international markets.

Vinge’s team consisted of, among others, partner Henrik Wenckert, associate Kristina Ekberg and project assistant Maria Ikonomou. Associate Katarina Rykowska provided advice in relation to regulatory issues.   

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