Vinge Dude Diligence – for improved gender equality

Sanctions update April 14

Further to our previous sanctions updates Sanctions update March 16, Sanctions Newsletter update 11 of March, Sanctions newsletter of 3 of March, Sanctions newsletter of 25 of February, we herewith provide a further update of recent sanctions developments following Russia’s war against Ukraine:

Vinge wins M&A legal advisor of the year award

Mergermarket has awarded Vinge the Swedish Legal M&A Advisor of 2021.

Insurance services in Sweden – a summary

Vinge’s insurance team has written a brief summary of some of the main features of the Swedish regulations affecting foreign insurers with existing or contemplated business activities in Sweden.

Decision from the Government – requirement for authorities to have external whistleblowing functions

On 17 December 2021, the new Whistleblower Act entered into force. The Act requires businesses and authorities to set up and manage so-called internal and external reporting channels.

Sanctions update 16 March 2022

Further to our previous sanctions updates we herewith provide a further update of recent sanctions developments:

Sanctions result in counter-measures by Russia in the IP sector

While the EU, UK, and the US have issued sanctions against Russia and Belarus in response to Russia’s invasion of Ukraine, in response thereto Russia has started the evaluation of possible counter-measures in order to ensure the functioning of the internal market. What are those measures and how can they affect Swedish companies’ IP assets in Russia?

Sanctions update including counter measures by Russia

Further to our previous sanctions updates we herewith provide a further update of recent sanctions developments:

No Russian engagements

We have no presence in Russia and nor do we have any Russian or Belarusian transactions, with only a few individual engagements from Russian clients over the last few years.

Sanctions update 3 of March

Further to our sanctions newsletter of 25 of February, as amended, EU announced on 2 of March it has imposed the following additional sanctions against Russia and Belarus.

As a result of the situation in Ukraine

The security situation in Europe is more uncertain than for some time following Russia’s invasion of Ukraine. As a result of the invasion, Russia is not only violating Ukraine’s sovereignty, but is also breaching the UN Treaty and international law. This is an act which must be condemned. During a period in which many people feel powerless, we can all contribute with something.

10BE5 and Vinge partner to accelerate tech adoption for capital raisings in the Nordic region

10BE5, a legal tech company, and Vinge today announce a collaboration partnership.

Update on the EU, UK and US sanctions against Russia and Belarus

In the past few days EU, UK and US have issued sanctions against Russia and Belarus in response to Russia’s invasion of Ukraine. Of particular importance is yesterday’s action by the US to sanction the two largest Russian banks, VTB Bank and Sberbank. UK has also sanctioned VTB Bank and it is not unlikely that EU will follow suit within short. Business dealings involving these banks, as well as all other sanctioned entities, will be severely affected. The sanctions can be summarised as follows:

Sanctions against Russia - what to expect?

There is at present intense speculation what counter measures in terms of sanctions that the US, EU and UK will implement against Russia in response to its threat against and potential invasion of Ukraine. There are several possible explanations for why information of the counter measures have not been made public. The silence could be deliberate because uncertainty makes the sanction threat more powerful. The silence could also be due to that the decision makers are not in agreement – within the EU it would seem that at least the sanctioning of the Nord Stream 2 pipeline and Russian gas is a contentious issue.

The Swedish rules on cabotage transport and posting will change on 2 and 21 February 2022

The Swedish government has decided on a number of new rules concerning cabotage transports, combined transports, transport customer responsibility for driving and rest times and posting of workers.

Nuclear power and natural gas to be included in climate taxonomy – new proposal by the EU Commission

On 31 December 2021, the EU Commission submitted a proposal to an expert group within the Commission as well as the member states regarding the inclusion of nuclear power and natural gas in the climate taxonomy, i.e. the EU classification system for environmentally sustainable operations.