Mandate

Vinge advises J.P. Morgan on connection with SAS’s SEK 1.60 billion convertible bonds issue

March 22, 2010

Vinge has advised J.P. Morgan Securities Ltd (”J.P. Morgan”) with respect to Swedish law matters in connection with SAS AB’s (publ) SEK 1.60 billion directed issue of convertible bonds. J.P. Morgan is acting as sole bookrunner with respect to the issue. The bonds have been marketed principally to European institutional investors who have specialized knowledge of such instruments. Assuming that various conditions are met, among others that SAS’s annual general meeting authorizes the board of directors to resolve on an issue of convertibles and that the annual general meeting approves the previously announced rights issue, the bonds may be converted into ordinary shares.

Vinge’s team consisted of Rikard Stenberg, Johan Thiman and Mattias Schömer.

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