Vinge has advised EQT AB in connection with its inaugural 500 MEUR bond
May 17, 2021
EQT AB (publ) has completed the issuance of a EUR 500,000,000 sustainability-linked bond maturing in 2031. The bond’s coupon is subject to an increased rate upon the occurrence of triggers linked to certain sustainability performance targets.
Vinge, together with Latham & Watkins, advised EQT AB.
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.