Mandate

Vinge advises Litorina V and the JOHBECO Group in connection with the acquisition of Arvo Kokkonen Oy

September 30, 2019

Arvo Kokkonen Oy is a leading Finnish distributor of fresh produce with a focus on fish and shellfish.

The Swedish fresh produce group JOHBECO, consisting of, among others, Johan i Hallen and Bergfalk & Co, has strengthened its position in Finland through the acquisition of the Finnish fish and shellfish specialist Arvo Kokkonen Oy. Thanks to the partnership, Arvo Kokkonen can now offer its customers in Finland a full range of high quality fresh produce, including meat and charcuterie.

Vinge’s team consisted of partners Jonas Johansson and Matthias Pannier together with, among others, associates Carl Sander and Vilhelm Rondahl (M&A). Partner Louise Brorsson Salomon and associate Lionardo Ojeda advised on financing.

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