News

Christer Söderlund appointed president

November 04, 2013

In August this year, Christer Söderlund of Vinge was appointed as president in arbitral proceedings between an investor and Venezuela before the ICSID in Washington DC. In addition, the Swedish Government recently renewed Christer’s appointment as an arbitrator at the ISCID for another six years.

Solid background
Christer Söderlund has many years’ experience of international arbitration and in 2006 was appointed by the Swedish Government as an arbitrator at the ICSID, an institution within the World Bank which administers investment disputes.

Christer is also included on the panel of the International Commercial Arbitration Court in Moscow, the Cairo Regional Centre for International Commercial Arbitration, Kazakhstan International Arbitrage, Beijing Arbitration Commission, the Polish Chamber of Commerce and the International Board of Arbitrators.

The investment disputes which are handled by the ICSID are normally based on bilateral treaties pertaining to the protection and promotion of cross-border investments. Under such treaties, the contracting states undertake to promote foreign investment and to guarantee reasonable and equitable treatment. Any investor which considers that it has been unfairly treated may commence international arbitral proceedings for adjudication of any breaches of the treaty’s rules. Accordingly, the investor can pursue a claim in damages for the loss which it has allegedly suffered. In recent years, Venezuela has been the subject of several investment disputes. Most of these disputes have been published on the ICSID’s website.

We would like to congratulate Christer on his extended tenure at the ICSID.

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