Extensive amendments to the Swedish Protective Security, which include increased obligations for operators of security-sensitive activities and a comprehensive sanctions system, are proposed to enter into force on 1 December 2021. These changes, which were presented in a Government bill of 18 March 2021, generate new and far-reaching obligations for many companies, especially in view of the severe sanctions that may be imposed if the obligations are not complied with.
The award, Chambers Europe Award for Excellence – Sweden Law Firm of the Year 2021, is one of the foremost awards a Swedish law firm can receive. Vinge has previously received the award on four occasions.
Vinge would like to thank all the clients who have contributed with their time through the interview processes for Chambers’ annual rankings. We have today received the result, and we are delighted with top rankings in 13 areas and a significant number of individual rankings.
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.
Sanctions imposed by OFAC have a global reach and therefore also an impact on any company involved in international trade. The legal basis can sometimes be questioned, but in practice there is no option but to abide, since a breach can cause very high fines. Companies are therefore well advised to implement compliance programmes taking into consideration sanctions imposed by OFAC.
Updated 5 mars 2021. We have gathered together a number of questions and answers which we frequently encounter in our practice to help companies navigate the situation.
In February this year, Vinge became a member of the UN Global Compact, a UN framework which gathers more than 9000 companies and organizations globally around ten principles concerning respect for human rights, employee rights, the environment and anti‑corruption