The Legal 500

Legal Developments in Sweden

• Foyen has advised Mandalay Resources in 32 Million USD share issue

  Foyen has advised Canadian mining company Mandalay Resources Corporation inits marketed public offering of shares (subscription rights) on the Toronto stock exchange for aggregate gross proceeds of 43 million CAD (32 MUSD).Mandalay is the 100 % owner of the Bjorkdal gold mine in northern Sweden and the transaction has required legal opinions regarding all companies and permits in the Swedish business operation.
  - Foyen Advokatfirma AB

• Foyen recruits lawyer from the Court of Appeal

  Foyen Advokatfirma has recruited lawyer Erika Stjärnström from the Göta Court of Appeal. Erika has joined the law firm's Construction business sector, writes Foyen in a press release .
  - Foyen Advokatfirma AB

• Foyen assists Salem Municipality in a sale generating a profit of SEK 38 million

  Foyen Advokatfirma, together with PwC, hasassisted Salem Municipality in a purchase and sale of a property over thecourse of a single day, generating a profit of SEK 38 million.
  - Foyen Advokatfirma AB

• Foyen successfully represents client before the Court of Appeal

  Press release 18th of December 2018
  - Foyen Advokatfirma AB

• Proposal regarding mining waste could prove a costly business for mining operators

  On June 1, 2017 the Swedish Government decided to instruct an investigatory committee to analyze the potential actions or measures necessary to efficiently ensure that sufficient collateral security is in place in mining operations for remediation and other restorative measures. The investigation adopted the name the “The investigation into financing regarding mining waste” and was submitted to cabinet minister Karolina Skog in June 2018 (SOU 2018:59).
  - Foyen Advokatfirma AB

• Foyen has advised Dragon Mining in Hong Kong Stock Exchange listing

  Foyen has advised Australian mining company Dragon Mining Limited in its listing of shares on the Hong Kong Stock Exchange (HKEX) on 5 November 2018. Dragon Mining is principally engaged in gold exploration, mining and processing with operating mines, pre-production mining assets and production plants in Sweden and Finland. Foyen's assignment has included environmental/permitting and corporate due diligence regarding the Swedish operation. The listing comprised a public offering for a total of 50,000,000 shares and the total funds raised were approximately HK$101 million(116 MSEK).
  - Foyen Advokatfirma AB

• Foyen advised OX2 in the construction of the Nordic region's largest unsubsidised wind power project

  The renewable energy company OX2 has been engaged to construct four wind power farms with 25 wind power plants (107.4 MW) in Finland. This will be the largest unsubsidised wind power project to date in the Nordic region.
  - Foyen Advokatfirma AB

• Careless limit values threaten the Mining Industry

  By lawyer/partner Pia Pehrson and associates Pelle Stubelius and Ludvig Gustafson, Foyen Advokatfirma
  - Foyen Advokatfirma AB

• Reforms for improved environmental legislation required

  By Pia Pehrson, partner, and Pelle Stubelius, associate; Foyen Advokatfirma
  - Foyen Advokatfirma AB

• Interpretation of English phrases under Swedish law

  A recent Court of Appeal case illustrates the risk that parties (and their counsel) run when an agreement is governed by a law of a different language from that used in the agreement itself. Due to the chairman's casting vote, the otherwise split decision came down in favour of one dictionary translation.
  - Gärde Wesslau Advokatbyrå