Mandate

Vinge has advised Lendify in connection with a capital raising

January 08, 2018

Lendify, a Swedish platform for the granting and brokering of consumer credits, has carried out a capital raising by way of a share issue in the amount of SEK 111.5 million (with the issue being based on a pre-money valuation of Lendify amounting to SEK 650 million).

The capital is intended to be used for funding technical development and as equity in forthcoming issuance of corporate bonds.

Vinge acted for Lendify AB, and the team consisted of Jonas Johansson as partner in charge with associates Louise Nordkvist and Anna Thoms.

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