Mandate

Vinge advises Komatsu Forest on acquisition of Log Max

October 23, 2012

Vinge is advising Komatsu Forest AB in connection with the acquisition of Log Max AB and Log Max AB’s US subsidiary Log Max Inc. Komatsu Forest AB is a wholly-owned subsidiary to Komatsu Ltd., who manufactures and sells construction and mining equipment, utilities, forest machines and industrial machinery, with a turnover of approx. USD 21bn. and approx. 44,000 employees, and who is listed inter alia on the Tokyo stock exchange. Log Max, with head office in Grangärde, manufactures and sells equipment for mechanized forestry operations and in particular grapple harvesters - a device that will grip and fell a tree, and cut it to desired lengths.

Closing of the transaction is subject to applicable competition law approvals and other customary closing conditions.

The Vinge team included partners Carl Gustaf De Geer and Malin Ohlin, and associates Nina Farrahi and Peter Sundgren (M&A), associates Christian Hybinette and Eric Ödling (commercial agreements), partner Marcus Glader and associate Peter Alstergren (EU and competition law), associate Johan Cederblad (environmental law), associate Claes Henriksson (IP law), and associate Emma Lindelöf (employment law).

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