Mandate Vinge has advised RusForest in connection with a restructuring

April 12, 2013

Vinge has advised RusForest AB (publ), a Swedish forestry company with operations in Russia, (“RusForest”) as it has completed a series of transactions in order to reduce the company’s debt and inject new working capital. As a first step, RusForest reduced the nominal amount and amended the terms and conditions of a listed bond. Subsequently, the reduced nominal amount was swapped into equity in a debt-to-equity swap. RusForest subsequently raised new capital through a rights issue to existing shareholders and a directed issue to the new majority shareholder, the Russian investment company Nova Capital LLC.

Vinge’s team has primarily consisted of Jesper Schönbeck, David Andersson and Joakim Hagberg as well as Maria Schultzberg and Maria Doeser with respect to tax and Robert Wikholm with respect to insolvency issues.

Clarification of the interpretation of ”nearest suitable railway station”

Road transport performed by Samskip Sia in Sweden has been confirmed to be within the framework of a permitted combined transport through a decision of the Administrative court of Falun in Sweden. The central question in the case was how to interpret the term “nearest suitable railway station”
June 30, 2020

DAC 6 – EU Directive concerning reportable cross‑border tax arrangements

DAC 6 is a EU Directive which entails that advisers are subject to a duty to notify the relevant tax authorities concerning their client’s cross‑border arrangements. The purpose of the information disclosure obligation is to combat tax evasion, tax fraud and tax avoidance.
June 04, 2020

The importance of continuous focus on compliance procedures in disrupting times

A large number of corporations will most certainly be severely impacted by the effects of the Covid-19 pandemic. The new challenges will impact companies’ compliance risks, which are likely to be different and, to a certain extent, increased. It is crucial that - also in disrupting times - internal compliance procedures are maintained and that new risks are identified and mitigated.
May 28, 2020