News

Compliance policies and dawn raid manuals should be revised in light of amendments to the Swedish Competition Act

November 25, 2020

As previously described, the Swedish Competition Act (2008:579) will be amended in several important respects on 1 March 2021. We recommend that you revise your current compliance policies and manuals for dawn raids to ensure adherence with the new rules.

The amendments to the Competition Act are based on EU Directive 2019/1, which harmonises the powers of the European competition authorities. The amendments will significantly extend the investigative and sanctioning powers of the Swedish Competition Authority (“SCA”). The SCA will, inter alia, have extended powers during dawn raids. Firms will be legally obliged to co-operate with the SCA during investigations. Fines (Sw: utredningsskadeavgift) may be imposed on firms that submit incorrect, misleading or incomplete information, break a seal at dawn raids or otherwise obstruct the authority's decisions during the investigation. Another important change, which does not follow from the EU Directive, is that the SCA will have the powers to impose fines for violations of the prohibitions against anti-competitive agreements and abuse of a dominant position. Previously, the SCA had to initiate an action for fines before the court. Further, the SCA will have the power to order divestments, and may, subject to certain conditions, require that members contribute to fines imposed on trade associations for violations of the competition rules.

Questions:  

Johan Karlsson
Partner
johan.karlsson@vinge.se

 

Marcus Glader
Partner
Marcus.glader@vinge.se

 

Trine Osen Bergqvist
Expert
Trine.osenbergqvist@vinge.se

Sanctions update 22 July

Further to our previous sanctions updates of 25 February, 3 March, 11 March, 16 March , 14 April and June 8, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:
July 26, 2022

A new EU instrument for international procurement (IPI)

On 17 June 2022, the Council adopted a regulation on a new instrument for international procurement (“IPI”), following the formal adoption of the IPI at the European Parliament plenary session on 9 June 2022. The general objective of the IPI is to create reciprocity in the access to international public procurement markets by enabling the Commission to undertake investigations and adopt measures to open and improve access to third-country public procurement and concession markets.
July 11, 2022

Vinge top ranked within intellectual property law

Vinge’s IP practice group is once again top ranked in IAM’s annual ranking Patent 1000. Håkan Borgenhäll, Malin Malm Waerme and Stojan Arnerstål also receive individual recommendations.
July 06, 2022