Mandate

Vinge advises Lifco AB in connection with the business acquisition of Aponox Oy

October 06, 2009

Vinge is advising Lifco AB in connection with its subsidiary, KINSHOFER Gmbh’s acquisition of the business operations of the Finnish Aponox Oy via the newly-formed subsidiary, KINSHOFER Aponx Oy. KINSHOFER Gmbh is one of the world’s largest manufacturers of crane and excavator attachments and is a subsidiary of Lifco AB, which is a subsidiary of Carl Bennet AB. Aponox Oy is a Finnish manufacturer of primarily loaders for cranes and excavators using new, revolutionary technology.

Partner Erik Gabrielson is advising Lifco AB in connection with the acquisition.

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