Mandate

Vinge represented Svenska Cellulosa Aktiebolaget SCA (publ)

May 14, 2018

Vinge represented Svenska Cellulosa Aktiebolaget SCA (publ) (”SCA”) in connection with its establishment of a Medium Term Note programme (”MTN”).

The  MTN programme enables SCA to continuously issue notes on the capital market in either SEK or EUR with a minimum tenor of one year, within a maximum outstanding nominal amount of SEK 8 billion at each time. Svenska Handelsbanken is the arranger of the MTN programme and Danske Bank, Skandinaviska Enskilda Banken, Svenska Handelsbanken and Swedbank have been appointed as dealers. The prospectus was approved by the Swedish Financial Supervisory Authority on 8 May 2018.

Vinge’s team consisted of partner Mikael Ståhl together with Josefine Larsson and Sara Osman. 
 

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.
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Vinge employs additional antitrust economists to further strengthen its practice

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