Mandate

Vinge advises NKT Cables Group A/S

May 06, 2013

Vinge has advised NKT Cables in conjunction with the acquisition of Ericsson’s electricity cables operations.

The purchase price amounts to MSEK 250. In 2012, the business had revenues of approximately SEK 1.5 billion. The sale includes a facility in Falun with a production and development division as well as sales and administration, which includes a total of approximately 320 employees. The transaction is conditional upon approval by the competition authorities.

Vinge’s team consisted of, among others, Bo Adrianzon, Kristina Ekberg, Malin Buch, Johan Karlsson and Helena Höök.
 

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