Mandate

Vinge Advises VocaLink

May 16, 2008

BGC – Bankgirocentralen has entered into an agreement with Brittish VocaLink concerning a takeover of operations and development of the bank giro services. Vinge acted as advisors to Vocalink. Vocalink – specialised provider of transaction services for banks – will gradually take over, through a specialized out sourcing agreement, operations and development of the BGC’s services. The agreement was entered into yesterday. Efforts to shift the service will commence during May 2008 and shall be implemented by the start of 2010. Payment transactions will thereafter occur through VocaLink. However BGC’s role and responsibility towards Swedish banks, companies and authorities will remain the same. BGC, wholly owned by Swedish commercial banks, play a central role in the mediation of payments and data between banks and their customers. On a daily basis BGC mediates transactions for SEK 25 to 50 billion.   

Vinge’s team included partner Björn Gustavsson, joined by Lisa Barnekow, Fredrik Dahl, Per Westman and Maria Schultzberg.     

 

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

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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.
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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