Mandate

Vinge advises Skåne Dairy in connection with its sale of shares in ProViva AB to Danone and formation of a joint venture

September 29, 2010

Vinge has advised Skåne Dairy in connection with the sale of 51 per cent of the shares in ProViva AB to Danone. Pursuant to the terms of the agreement, the parties’ joint ownership of the company will commence at the end of 2010 and Danone will thereafter increase its stake in ProViva over the course of an 11-year period culminating in the company ultimately becoming wholly-owned by Danone. ProViva is a health drink containing a bacteria called Lactobacillus plantarum 299v, which was developed by Skåne Dairy in co-operation with Probi. The Danone Group is one of the world’s leading providers of fresh dairy products and its products include the Swedish registered brands Actimel, Activia and Danio.

Vinge’s team consisted of partner Björn Mullaart together with associates Kristian Ford, Anna Jonsson and Markus Larsson. Partner Ingela Malmborg and associate Therese Lindholm provided employment law advice and Ingela Malmborg together with associate Mathias Lindquist provided environmental law and permit compliance advice.

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
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Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
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European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021