Mandate

Vinge advises Svea Ekonomi in connection with acquisition of Payson

July 02, 2012

Vinge has advised Svea Ekonomi in connection with the acquisition of the payment services company, Payson AB. Following the acquisition, Svea Ekonomi will be able to offer several online payment services to corporate customers and private individuals. Payson launched its online service in 2004 and is currently one of Sweden’s leading actors in this area with more than 5 000 online stores and almost 2 000 accounts for private individuals. Payson and Svea Ekonomi’s existing services within online payments, SveaWebPay, will have an aggregate turnover of approximately SEK 100 from day one. The acquisition of Payson is subject to the consent of the Swedish Financial Supervisory Authority.

Vinge’s team consisted of Mikael Ståhl, Johan Larsson, Louise Brorsson Salomon and Jonas Johansson.

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.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

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