Vinge Dude Diligence – for improved gender equality

Sanctions update June 8

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

New law on electronic communication

On 3 June 2022, the new Electronic Communications Act (the “New ECA”) entered into force. On the same day, the new Electronic Communications Ordinance, as well as several regulations from the Swedish Post and Telecom Authority, entered into force. On 1 August, regulations from the Swedish Post and Telecom Authority regarding security of networks and services are expected to enter into force.

New regulation regarding employer’s obligation to provide information and parallel employment

In March 2022, the Government presented a proposal for a new regulation on extended obligations regarding information about employment conditions and new clarifying rules on workers' rights to parallel employment under certain conditions. The updated regulation is based on a directive from European Union called “transparent and predictable working conditions in the European Union”.

The REPowerEU Plan – The EU Commission’s response to the energy market disruptions

On 18 May 2022, the EU Commission presented the REPowerEU Plan in response to the current world-wide energy market disruptions which have been caused by Russia’s invasion of Ukraine.

Vinge Dude Diligence – for improved gender equality

Vinge is one of Sweden’s leading law firms and the country’s leading provider of M&A services. In 2021 Vinge advised on 167 transactions with a combined value of EUR 52 billion. To provide a better understanding of gender equality at companies prior to an acquisition, sale or merger, the due diligence process has now been expanded.

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.