Vinge advises Road Rental in conjunction with the acquisition of TB Group
August 18, 2021
Vinge has advised Road Rental Scandianvia AB in conjunction with the acquisition of all shares in TB Group AB, which conducts Trafikbutiken and manages traffic facilities with several depots in Mälardalen as well as in Karlskoga and Jönköping.
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.