Mandate

Vinge advises RusForest in connection with acquisition of two subsidiaries of Clean Tech East

December 12, 2011

RusForest AB (publ) has acquired all of the shares in Clean Tech East Holding AB’s (publ) wholly owned subsidiaries Eastern Bio Holding AB and B.E.N. Bio Energy Nord Ltd. – which together form Clean Tech East’s Biomass Fuels business segment, whose business is to manufacture and sell wood pellets – for MSEK 78 on a debt-free basis. The acquisition was approved by an Extraordinary General Meeting in Clean Tech East that was held on 9 December 2011. Access, transfer and payment of the purchase price are expected to occur no later than 31 December 2011.

Vinge’s team consisted of Jesper Schönbeck, David Andersson och Joakim Hagberg. Göran Nyström is partner in charge.

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