Vinge Logotype
Svenska English 18D7E0DE-2035-40AE-A740-8F45A358A8F4 Login
  1. Home
  2. Mandates
  3. Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group
Mandate

Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group

April 11, 2011

Vinge represents the Swiss heating, cooling and washing technology company Schulthess Group AG (”Schulthess”) and its owners in connection with NIBE Industrier AB’s (publ) (“NIBE”) acquisition of 31.13% of the shares in Schulthess. NIBE also announces a recommended voluntary public tender offer to the remaining shareholders. The offer, which is a mixed cash and share offer, corresponds to a total equity of CHF 638 million, approximately SEK 4.4 billion. Assuming full acceptance of the offer, shareholders in Schulthess will, upon completion, hold approximately 14.8% of the share capital and 7.1% of the votes in NIBE. The offer is conditional upon certain conditions and closing is expected in the beginning of July.

Schulthess is listed on Six Swiss Exchange. NIBE is listed on NASDAQ OMX Stockholm and will, in connection with the offer, apply for secondary listing of its B-shares on SIX Swiss Exchange.

Partner Rikard Stenberg together with Johan Thiman and Carolina Walther represent Schulthess and its owners.

 

Vinge authors the Swedish contribution regarding tax disputes for The Legal 500

 International companies run the risk of the erroneous management of tax issues when conducting operations in several jurisdictions. In such event, disputes can arise with the relevant tax authorities. The Legal 500 has now introduced a dedicated chapter on tax disputes in its comparative guide for the first time and Ulrika Bengtsson, advokat and counsel, has been selected to provide a clear picture of the Swedish tax litigation system.
November 09, 2022

The wide reach of the prohibition against circumventing EU sanctions

Against the background of Russia’s invasion of Ukraine, the EU has imposed a number of sanctions, which include a prohibition for companies within the EU to take certain measures in relation to Russia, as well as designated Russian people and entities on the sanction lists. Furthermore, a prohibition to circumvent the sanctions has been introduced in order to ensure that the sanctions are effective also in practice. When it comes to this circumvention prohibition, it is important to be aware of its wide interpretation, as established by the Court of Justice of the European Union and the European Commission.
October 31, 2022

Sanctions update 14 October

 Further to our previous sanctions updates of 25 February, 3 March, 11 March, 16 March , 14 April and June 8 and 22 July, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
October 14, 2022