Mandate

VINGE ADVISES SWEGON

July 10, 2014

Vinge has advised Swegon in connection with the acquisition of 90 per cent of the shares in the Belgian airflow technology company P. Lemmens from the current shareholders Waterland Private Equity and Stephan Lemmens. P. Lemmens has 59 employees and had a turnover of EUR 26 million in 2013. P. Lemmens largest product segment is total airflow control within an integrated electronic control system. The other product segments include fans, ventilation and heat recovery products.

Swegon is part of the Latour Group and is a market leading producer and supplier of energy efficient ventilation and climate systems. Swegon has 1 650 employees and a turnover of SEK 3.3 billion.

Vinge’s team consisted of partner Magnus Pauli and associate Daniel Lennartsson.

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