Mandate

Vinge advises Varyag Resources

May 11, 2009

Vinge has advised Varyag Resources AB (publ) listed on First North in connection with a restructuring of Varyag Resources which entails a change of strategy and structure from a private equity to a forestry company.

The reconstruction entails an acquisition of 50 per cent of the shares in RusForest Ltd and of receivables against RusForest amounting to approximately MRUB 800 from a wholly-owned subsidiary of Vostok Nafta Investment Ltd. Payment will be made in the form of newly-issued shares in Varyag Resources to an estimated value at the time of contracting of approximately SEK 156 million.

Vinge’s team primarily consisted of partners Göran Nyström and Malin Leffler together with, among others, associates Jonas Johansson and Andreas Wirén.

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