Mandate

Vinge Advises Smedvig Capital

May 14, 2008

Vinge advised London based Norwegian private equity company Smedvig Capital in connection to their investment in SelStor AB. SelStor AB, founded in 2006, will provide self-storage warehouses to private individuals and companies. Smedvig’s invests SEK 100 million (through Peder Smedvig Capital Fund IX LP) via a variety of bonds and receives, after full subscription, 45 percent of the shares. In addition Smedvig shall provide shareholder’s loans to a value of SEK 75 million. Vinge advised Smedvig on the establishment and negotiation of the subscription agreement, shareholder’s agreement and loan, employment agreements and the customary due diligence process.

Vinge’s team included partner Ulf Sällnäs joined by Hillevi Myhre, Sarah Khalil, Johan Bocander, Maria Schultzberg, Maria Doeser, Åsa Gotthardsson, Anders Frick, Johan Cederblad and Pernilla Warg.

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