Mandate

Vinge advises Nakanishi Metal Works Co., Ltd., in connection with the acquisition of SKF’s cage manufacturing facility

February 08, 2011

Vinge has advised the Japanese components manufacturer, Nakanishi Metal Works Co., Ltd., (NKC) in conjunction with the acquisition of a cage manufacturing facility in Gothenburg from SKF Sverige AB. SKF in Gothenburg produces spherical roller bearings and the cage constitutes the component within the bearing which keeps the rollers in place between the inner and outer rings. The facility is located at SKF’s production facility in Gothenburg and employs 130 people.

NKC was established in 1924 and is one of the world’s leading companies within cage manufacturing and pressed steel components including both as plastic and rubber processing.

Vinge advised NKC. Vinge’s team consisted of, among others, Fredrik Sonander, (responsible partner M&A), Daniel Ericson (real estate), Katja Cato (M&A), Anna Björk Larsson (M&A), Anna Engeström (employment), Anna Grandin (employment), and Maria Paijkull (environmental).

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