Vinge advises Platzer in connection with an acquisition
April 09, 2020
Vinge advised Platzer when the joint venture company Sörreds Logistikpark was formed together with Bockasjö and Sörreds Logistikpark in the acquisition of AB Platzer Sörred 8:12 and the property Göteborg Sörred 8:12 from Platzer.
The underlying real estate value amounted to SEK 250 million. Industrial and logistics facilities will be constructed on the property.
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.