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.

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