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.

Compliance policies and dawn raid manuals should be revised in light of amendments to the Swedish Competition Act

As previously described, the Swedish Competition Act (2008:579) will be amended in several important respects on 4 February 2021. We recommend that you revise your current compliance policies and manuals for dawn raids to ensure adherence with the new rules.
November 25, 2020

Jerker Kjellander is a new partner in Skåne

Dispute resolution expert Jerker Kjellander has been elected as a partner in Vinge’s Skåne office.
November 20, 2020

Amendments to the Swedish Competition Act provide extended powers for the Swedish Competition Authority

Early in 2021, the Swedish Competition Act (2008: 579) will be amended in several important respects. The background to the amendments is Directive (EU) 2019/1 of the European Parliament and of the Council, which aims to harmonize the investigative and sanctioning powers of the European competition authorities in their enforcement of the EU competition rules. Undertakings active in Sweden will be affected by the amendments in several ways.
October 12, 2020