Mandate

Vinge advises Next Wave Ventures in connection with the acquisition of Rexam Plc’s Petainer operations

November 23, 2009

Vinge has advised Next Wave Ventures in the acquisition by Next Waves and WHEB Ventures of Rexam Plc’s Petainer operations in Sweden, the Czech Republic and Germany for approximately SEK 190,000,000 (GBP 16,000,000).

Rexam’s Petainer operations manufacture PET beverage containers. The facilities in Lidköping and the Czech Republic have 250 employees and a combined turnover of SEK 700 million. These facilities primarily supply PET bottles to the Nordic and German markets. Next Wave is an English private equity and venture capital firm focused on investing in UK and European small cap companies and WHEB invests in companies focusing on environmentally friendly technology and sustainable solutions.

The Vinge team advising Next Wave consisted of partner Jesper Ottergren together with, among others, associates Anna Bjering, Magnus Bigner, Anna Bergstrand, Susanne Samuelsson and Ida Christensson.

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