Mandate

Vinge has advised Randviken Fastigheter AB in connection with the acquisition and acquisition financing of real properties for a total agreed property value of approximately SEK 2.8 billion.

January 03, 2022

Vinge has advised Randviken Fastigheter AB (publ) in connection with the acquisition and acquisition financing of real properties for a total agreed property value of approximately SEK 2.8 billion. The acquisition was financed, inter alia, with bank facilities in an approximate amount of SEK 2.3 billion and was completed in December 2021.

The acquired properties are mainly located in Stockholm, Västerås and Malmö and the primary use is warehouse/light industrial, healthcare, school and office. The acquisition also includes a new construction project for office premises.

A significant part of the total loan amount is acquisition loans and the majority of the acquisition loans are senior loans and a smaller part is a bridge loan with a shorter maturity. The bank financing also includes a capex loan which will partly finance the completion of the new construction project.

Vinge’s team included Niclas Winnberg and Kristoffer Larson (Real Estate), as well as Fabian Ekeblad, Arvid Weimers and Elin Samara (Banking and Finance).

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