Mandate

Vinge has advised Bilia AB in connection with the acquisition of Upplands Motor Stockholm AB, a distributor of Mercedes vehicles

July 02, 2021

Vinge has advised Bilia AB (publ) ("Bilia") in connection with the acquisition of Upplands Motor Stockholm AB. The acquired company reported a turnover of approximately SEK 1.2 billion and an operating profit of approximately SEK 48 million for 2020. The acquisition was subject to approval from the Swedish Competition Authority.

Upplands Motor Stockholm AB is an authorized distributor for Mercedes that conducts sales and service operations for Mercedes passenger cars, vans and trucks at four facilities in the Stockholm area. Bilia took possession of the acquired company on 1 July 2021. Upplands Motor Stockholm AB has approximately 250 employees.

Vinge's team primarily consisted of Christian Riddarbo, Linus Adolfsson (M&A), Edin Agic (company law), Hampus Olsson (real estate law), Björn Nicolai (EU and competition law), Anna Backman (employment law and EU and competition law) and Alexander Lindeberg (intellectual property law). Magnus Pauli was the responsible partner.

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