News

Extended measures in response to COVID-19

June 15, 2021

As we have previously reported in the newsletter, the Government has pursued various measures to reduce the negative effects of the COVID-19 pandemic on the labour market, including the implementation of qualifying-period compensation for employees and reduced employer’s social insurance contributions for persons aged 19-23.

The Government has now resolved to extend several of these measures. Both qualifying-period compensation for employees and compensation paid to employers for sick-pay costs which, as a consequence of COVID-19, exceed normal costs were extended up to and including 30 September 2021.

As regards the reduction in employer’s social insurance contributions for persons aged 19-23, they are currently reduced to 19.73 per cent. However, according to Government Bill 2020/21:202, Extra Amending Budget for 2021 – Additional reduction of employer’s social insurance contributions for 19-23-year-olds from June-August 2021, it is proposed that an additional reduction to 10.21 per cent apply in June, July and August for persons who, at the beginning of the year, had reached the age of 18 but were not yet 23. It has been proposed that the additional reduction enter into force on 19 June 2021, but it has not yet been adopted.                             

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