Mandate

Vinge advises Presto and Adelis on acquisition of Cupola

January 14, 2021

Vinge has advised Presto and funds managed by Adelis in connection with Presto’s acquisition of Cupola, one of Sweden’s largest fire safety companies with business all over the country.

The acquisition of Cupola strengthens Presto’s position as the leading player within fire safety in the Nordic region. Presto has also, in connection with the acquisition, made a refinancing of its outstanding credit facilities.

The Vinge team advising on the transaction has included, inter alia, partner Christina Kokko with the associates Michaela Cronemyr and Hanna Risberg (M&A) and partner Albert Wållgren with the associates Josefine Lanker and Jolinn Uhlin (financing).

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