Mandate

Vinge advises Norwegian Property ASA in connection with the sale of Norgani Hotels AS

November 08, 2010

Vinge has advised Norwegian Property ASA a company listed on the Oslo Stock Exchange in connection with the sale of Norgani Hotels AS to Sech Holding AB, a company owned by Pandox AB and Heches Holding AB, which, in turn, are controlled by Eiendomsspar AS and the Sundt family. Completion took place on 4 November and the purchase price amounted to approximately SEK 9.9 billion. Norgani Hotels AS conducts hotel ownership and management operations in the Nordic countries. The real estate portfolio consists of 73 hotels, 41 of which are located in Sweden. Following the acquisition, Pandox AB will be one of the leading hotel property owners in Europe with 119 hotels.

Vinge’s team consisted of partners Morgan Hallén and Fredrik Sonander and several associates including Christina Carrick.

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