News

Vinge dismisses arrested employee for breach of Vinge’s rules

September 27, 2011

On Monday, 26 September 2011, one of Vinge’s associates was arrested by officers from the Swedish Economic Crime Authority on suspicion of offences relating to the insider legislation. Vinge has conducted its own investigation concurrently with the pending criminal investigation as a result of which it transpired that the employee has committed serious breaches of Vinge’s internal rules governing trading in financial instruments. The employee will thus be summarily dismissed.

“We view this situation extremely seriously and have thus chosen to act expeditiously and independently. What has occurred is unacceptable conduct by a Vinge employee, quite irrespective of the outcome of the criminal investigation and any criminal proceedings. Vinge is co-operating fully with the Economic Crime Authority’s investigation” says Michael Wigge, Vinge’s Managing Partner.

For further information please contact:
Anna Rasin, Head of Marketing and Communications
Mobile no.: +46 (0) 70 714 3029
Email: anna.rasin@vinge.se   

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