Foyen has advised the Swedish Fortifications Agency in connection with the acquisition of JM's K1 Karlbergs Strand office project in Solna, Stockholm. The value of the sale is SEK 2.4 billion.
During the spring of 2022, the EU decided on a series of sanctions against Russia in response to Russia's invasion of Ukraine. On 8th of April 2022, the EU decided on a fifth package of sanctions which includes, among other things, further restrictions on trade with Russia. One element of this is the extension of the list of controlled items which might contribute to Russia’s military and technological enhancements or the development of its defence and security sector, and restrictions have been imposed regarding goods for import and export, transactions, and financing and financial assistance, among others. In the context of these sanctions, the Regulation also introduces a new article that addresses public procurement contracts.
Foyen has successfully represented an internet service provider in the Court of Appeal for Skåne and Blekinge on the issue of a right to unpaid subscription fees in respect of group connection agreements for broadband and IT telephony.
Foyen has advised UK based infrastructure group Hill & Smith in its sale of the Swedish traffic rental, flagman and academy business.
Every year, Legal 500 carries out a ranking of the world’s leading lawyers and law firms. The London-based rankings institute is recognized as one of the world’s largest legal guides, the basis of which consists of over 300,000 interviews based exclusively on merit.
Pre-inspection has many benefits. The contractor and construction client can gain clarity regarding whether the chosen execution is contractually compliant, who bears liability if the construction client wants to use part of the construction project before it is completed and, not least, whether it it possible to rectify defects before they are built in.
As a consequence of the Russian invasion of Ukraine, contractors involved in ongoing projects may be able, where appropriate, to request an extension of time for the contract period as well as modification of the agreed price for the works in order to take into account changes in costs. Both the construction client and the contractor need to inform themselves of how the war might affect ongoing and future construction projects to which AB 04 and ABT 06 apply.
