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Vinge Included in International Business Deal

February 11, 2008

Vinge advises EQT on transfer of the Finnish Finn-Power Group to Prima Industries, listed in Italy. The transfer was resolved according to UK law. By the acquisition of the
Finn-Power Group Prima Industries will reach 50 countries which in turn will make Prima Industries the third largest producer of laser machines in the world. The group’s annual revenues are calculated to reach an estimated value of EUR 400 million.    

Cleary Gottlieb Steen & Hamilton represented the buyer and the Italian law firm Tosetto Weigmann e Associati handled the financing. Clifford Chance represented the Italian banks that financed the transfer and in addition to this assistance also came from the Finnish law firms Roschier, Hannes Snellman and Castrén & Snellman.   
 
Vinge’s team was co-ordinated by Anders Åberg and Tuula Tallavaara joined by James Hope, Petter Kjöllerström and Jenny Henriksson.

New statute prohibits unfair terms and conditions and practices in conjunction with the purchase of agricultural and food products

The so-called UTP Act prohibits buyers from using certain terms and conditions and practices against suppliers of agricultural and food products. The Swedish Competition Authority exercises supervision and can, among other things, carry out unannounced inspections and order individual to attend formal interviews. In conjunction with violations, sanctions such as injunctions subject to a default fine or a sanction fee of up to one per cent of the buyer’s annual turnover can be imposed. The UTP Act will enter into force on 1 November 2021 and will also be applicable to contracts which are entered into prior to this date.
October 05, 2021

Vinge employs additional antitrust economists to further strengthen its practice

We welcome Adam Löfquist and Carl Widstrand to our EU, Competition & Regulatory practice group.
September 30, 2021

European Commission provides sanctions compliance guidance

The European Commission has recently issued three opinions regarding the interpretation of asset freeze provisions in certain sanctions legislation pertaining to Central African Republic, Ukraine, Libya and Syria. The opinions are also of relevance for other sanctions regimes which provide for the same or similar restrictions. Therefore, their practical relevance goes far beyond the sanctions regimes in the context of which they were issued and they therefore provide for helpful guidance regarding the required thresholds for sanctions compliance generally.
September 20, 2021