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Vinge advises the owners of Qstar Försäljning AB and Card Network Solutions Europe AB on the sale to DCC Energi Sweden AB

July 17, 2014

Vinge advises the owners of Qstar Försäljning AB and Card Network Solutions Europe AB (CNS) on the sale of the companies to DCC Energi Sweden AB. Qstar Försäljning operates approx. 400 petrol stations across Sweden under the brands “Qstar”, “Bilisten” and “Pump”. CNS provides business systems and card solutions for the petrol and fuel industry. Qstar Försäljning is the fifth largest retail petrol station operator in Sweden, with a turnover of approx. MSEK 2,000 in 2013 and selling approx. 300 million litres of product per annum. The sale was completed on 9 May 2014.

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The EU Court of Justice dismisses Belgium’s request in Opinion 1/20, but points out that the dispute settlement mechanism of ECT is not applicable to ‘intra-EU disputes’

 The Energy Charter Treaty (ECT) is under renegotiation. Its Article 26, which provides a dispute settlement mechanism, has however not been announced as being subject to such renegotiations. On 2 December 2020, Belgium submitted a request to the EU Court of Justice (CJEU) for an opinion on whether the dispute settlement mechanism of the draft ECT, assuming it remains unchanged, could be interpreted as allowing its application intra-European Union, i.e. between an EU Member State and an investor who is a national of another Member State, and whether this would be compatible with the EU Treaties, in particular Article 19 TEU on the role of the CJEU and Article 344 TFEU on the autonomy of EU law.
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