Firm Profile > Setterwalls > Stockholm, Sweden

PO BOX 1050

Banking and finance Tier 1

Setterwalls’ banking and finance team includes co-heads Jonas Frii and Jesper Kuschel, and key partners Mikael Magnusson and Carl Lindencrona, who handle the breadth of lending mandates for top-tier financial institutions. Recent highlights include leveraged, investment grade and asset-backed financing transactions; the group is also strong in real estate financings acting for lenders and borrowers. The funds and asset management practice is led by group co-head Åke Fors, who counts premier Swedish pension funds as part of his client portfolio, while Andreas Löfholm spearheads the regulatory practice, advising domestic and international financial institutions on compliance measures and dealings with the Swedish FCA.

Practice head(s):

Åke Fors; Jonas Frii; Jesper Kuschel

Other key lawyers:

Mikael Magnusson; Carl Lindencrona; Andreas Löfholm


‘A strong Swedish banking and finance team relative to its size. Experienced lender-side counsel in local bilateral and club financings across the real estate and corporate financing sectors. Due to its size it is easy to interact with and get to know the lawyers at all levels.’

‘Carl Lindencrona is a trustworthy partner who always delivers in line with expectations. High level of technical skills combined with efficiency and clarity from a project management perspective. He never leaves things unattended and will make sure to provide overall solid service.’

‘Not the biggest banking and finance teams in the market, but one of the best!’

‘Mikael Magnusson is a real star. Always available, hands on and great drafting skills. In addition, he is very nice to work with.’

‘Hands on, suggests alternative steps forward. Willing and capable to understand the underlying business.’

‘Interest and competence in understanding the underlying business. Hard and hands-on work from all – even the senior resources.’

‘Highly skilled partners and hands-on involvement throughout the transaction process whereas most partners at other law firms have a declining presence in transactions where they become more or less invisible when you reach the execution stage.’

Key clients

Swedish Central Bank

The Seventh Swedish National Premium Pension Fund

The Fourth Swedish National Premium Pension Fund

Swedish Government



Ness, Risan & Partners

Lansa Fastigheter

Banco Santander

Adapta Fastigheter

Data privacy and data protection Tier 1

The data protection and data privacy experts at Setterwalls span multiple offices and have expertise in a diverse range of sectors. Co-head Fredrik Roos and specialist counsel Bobi Mitrovic advise an impressive set of hi-tech clients including social media and e-commerce platforms on GDPR implementations and ongoing compliance issues. In the financial services sector, Joacim Johannesson is assisting high-profile banks and fintech companies with cybersecurity assessments and consumer data processing requirements, while co-head Jörgen Axelsson is experienced in handling data privacy issues in the healthcare sector. Sophia Spala and associate Emma Jarkell are also highly rated.

Practice head(s):

Fredrik Roos; Jörgen Axelsson

Other key lawyers:

Bobi Mitrovic; Sophia Spala; Emma Jarkell; Salomeh Eftekhari; Joacim Johannesson


‘Very skilled team that always gives value. I always feel important and get very engaged and committed individuals to support me in whatever legal matter I need help with. The legal advice is always well balanced according to the risk level we can accept. I am especially impressed with their solution focus and that nothing seems impossible even though the legal framework might be challenging in certain areas where we operate. Setterwalls is our selected long-term legal partner and I have very strong trust in them.’

‘Sophia Spala has been our anchor for a number of years and always delivers high-quality results. She brings in the best colleagues to help out with specific tasks but she always oversees and ensures brilliant results. I also appreciate her warm and positive personality and we have built a strong relationship. She has offered the same support from day one when we were a very small start-up and has kept following us when we grow with high engagement. It is always fun to work with Sophia, she paints the legal work in colours! I have noticed the same personal and engaged style from many other individuals at Setterwalls as well. I believe it comes back to a great company culture and strong values.’

‘Both Sophia Spala and Emma Jarkell are very reliable and fast in their response with good depth in their knowledge.’

‘Fredrik Roos is a trusted and skilled resource.’

‘Sophia Spala is a really experienced partner who not only has great knowledge in her field but also a very business minded and helpful way of working towards us as clients. Sophia’s way of turning legally complex information into understandable ways of working and handling our personal data in our every day business really stands out.’

‘Salomeh Eftekhari is a really appreciated associate who knows how to put complex legal issues into working strategies for us as clients.’

‘The practice’s knowledge and expertise about data protection is of the upmost highest level when it comes to international questions and dependencies. They are able to support international businesses acting both inside and outside the EU. They have the strength to support the business’ needs in data protection in combination with all kind of areas and topics, like sales, marketing, HR, finance, technology and IT security. The support and received feedback is incredibly quick.’

‘We have worked primarily with Bobi Mitrovic and are very happy with his assistance. His advice is to the point and he has an understanding of the practical/business reality that the advice will be applied to. Therefore, the advice is often easy to adapt and is neither too detailed or too vague to give any real business value.’

Key clients

Stena Line AB

Novacura AB

Talentwise AB

Ford Motor Company AB

Alligator Bioscience AB

Novo Nordisk Scandinavia

Safeture AB

Ascelia Pharma AB

The Central Bank of Sweden (Sw. Riksbanken)

Energy Tier 1

As a prominent name in the wind power sector (with clients including producers, investors and suppliers), Setterwalls’ energy team also receives a stream of mandates involving biofuel, battery storage, district heating and other renewable energy projects. Co-head Jonas Frii routinely advises on project financings and acquisitions, while co-heads Tove Andersson and Anders Linnerborg are key partners for environmental and regulatory issues. The practice also handles high-stakes energy-related arbitration proceedings, including compensation disputes in the hydropower sector. Co-head Martin Sandgren is the primary contact for nuclear power decommissioning work.

Practice head(s):

Jonas Frii; Anders Linnerborg; Tove Andersson; Martin Sandgren; Linnea Ljung


‘Hands-on approach, excellent quality of work, great understanding of market and client needs, take initiative, solution oriented, can handle the largest transactions.’

‘Jonas Frii – hands-on approach, deep understanding of renewables market, excellent quality of work, approachable.’

‘The team around head partner Jonas Frii has in-depth knowledge of the renewable energy market and market participants in the Nordics. Further, they have vast experience with respect to all legal areas that are relevant in connection with the development, erection and operation of wind farms in the Nordics.’

‘Our legal tasks require deep knowledge of issues specific for wind power. Wind power development is a complex business with a number of different stakeholders and authority requirements. Setterwalls is an experienced law firm in this market and can provide expertise in all relevant areas in our sector.’

‘Jonas Frii and his team are extremely dedicated, hardworking, and pragmatic solution finders within complex deal-structures. They know the industry and its key players very well.’

‘I think the Setterwalls team is one of the few Swedish law firms that can state that they know the energy sector with credibility.’

‘Our contact with Setterwalls has been with very professional individuals. Tove Andersson stands out as committed, focused and knowledgeable.’

Key clients

Aquila Capital


Fontavis AG

ewz (city of Zürich renewable energy investment vehicle)

Arise AB

Stena Renewable AB


Sydvatten AB

Platina Energy Partners Ltd.

Prime Capital

Rabbalshede Kraft AB

CEE Group (Brookfield Asset Management)

Eurowind Energy AB

Norddeutsche Landesbank (Nord/LB)


SBM Offshore Inc.

Hydro Energy

MAHA Energy

EcoWave Power


Vattenfall AB

Capital Dynamics Clean Energy Infrastructure

Octopus Renewables Infrastructure Trust

Helios AB

Commerz Real AG

Intellectual property and media Tier 1

The IP team at Setterwalls is highly praised for its patent expertise, indicated by co-head Martin Levinsohn’s involvement in headline revocation and infringement litigation in the pharmaceuticals sector, and co-head Fredrik Roos’ handling of patent licensing negotiations for global technology and oil and gas companies. Fellow co-heads Sophia Spala and Per Lidman lead on trade mark prosecutions and litigation, and issues pertaining to unfair competition, marking and copyright law. The broad client roster includes brands in the tobacco and alcohol, FMCG, entertainment and technology industries.

Practice head(s):

Martin Levinsohn; Per Lidman; Sophia Spala; Fredrik Roos


‘Everyone we work with is highly professional and has pragmatic solutions for the legal challenges we have presented our team with.’

‘Per Lidman who is the lead IP lawyer we use is very knowledgeable, has pragmatic suggestions to solutions to save time, is very likeable and our dialogue is always exceptionally pleasant.’

‘A highly skilled team of IP lawyers.’

‘Sophia Spala is a solid, thorough lawyer being capable of thinking outside box.’

‘Competent and responsive team, in my experience always provides pragmatic support suited for the specific situation at hand.’

‘Fredrik Roos continues to provide tailored pragmatic advice, in my experience always finding the right balance between time/cost/quality. I have switched jobs and industries in the past couple of years but continue to reach out to Fredrik for support. He stands out also in an international comparison.’

Key clients

Coop Sverige AB

Finansiell ID-teknik BID AB





Komplett AS/Webhallen AB




Stockholms stadsteater


General Motors




Fresenius Kabi

Abacus Medicine

Boozt Fashion AB


Alligator Bioscience

Novo Nordisk



Resurs Bank

SWEP International (Dover)

IT and telecoms Tier 1

The IT and telecoms practice at Setterwalls is regularly instructed on high-value, multijurisdictional outsourcing projects for a client roster comprised of established global enterprises, public sector bodies, international investors, entrepreneurs and Sweden-based start-ups. Co-head Jörgen Axelsson advises Nordic banks on blockchain technology; co-head Joacim Johannesson assists with fintech issues and tech-forward transactions alongside co-head Marc Tullgren; and co-head Fredrik Roos has expertise in data exploitation and information ownership matters. The team also advises on the procurement of healthtech systems and the related privacy issues, and regularly acts for streaming platforms, automotive companies and telecoms providers.

Practice head(s):

Fredrik Roos; Jörgen Axelsson; Marc Tullgren; Joacim Johannesson

Other key lawyers:

Niklas Follin


‘The Setterwalls team is highly professional, always alert and has kept a high performance level over time. We have without exception experienced high quality, high availability and good communication round the delivery of the services.’

‘The individuals we have worked with stand out in there professionalism, discretion and knowledge of our business insights and logic. We have especially valued Joacim Johannesson for his integrity and high-value advice on both short ad hoc questions and more in-depth, high-quality work.’

‘Niklas Follin: smart, correct and business minded. Always delivers products of high quality on time. Especially good to have by your side when things get complex. Produces excellent licensing agreements and cooperation agreements. Great skills both when it comes to healthtech and IT which makes things easier as a client.’

‘Competent and responsive team, in my experience always provides pragmatic support suited for the specific situation at hand.’

‘Fredrik Roos continues to provide tailored pragmatic advice, in my experience always finding the right balance between time/cost/quality.’

‘Setterwalls has demonstrated their knowledge by combining an understanding of the business, the industry and future aspects together with legal expertise in every area. The skills of understanding the industry means that we can discuss, decide and run our business with confidence and with minimum risks. We feel that this understanding and knowledge and the willingness to fully understand our business climate separates Setterwalls from other firms.’

Key clients

Stena Line AB

Novacura AB

Aareon Nordic AB

The Central Bank of Sweden

Talentwise AB


Virtual1 Ltd

Commercial, corporate and M&A Tier 2

Setterwalls’ vast geographical footprint enables its corporate and M&A practice, which has expertise in a breadth of sectors. In Stockholm, co-head Anders Söderlind’s private equity and financial services clients engage him on high-value portfolio acquisitions, investments and divestments. Co-head Ola Grahn is active in Malmö’s venture capital and life sciences markets, while Gothenburg-based co-head Anders Holmgren advises on M&A deals in the automotive, manufacturing and electronics sectors. Commercial head Johan Hallén is the go-to name for international outsourcing and cooperation negotiations.

Practice head(s):

Anders Söderlind; Ola Grahn; Anders Holmgren; Johan Hallén

Other key lawyers:

Patrik Olivecrona


‘Dedicated, enduring staff with strong attention for details.’

‘With high availability, great commitment to the case and great expertise, Patrik Olivecrona and his team, in a safe manner, guide their client through complex M&A-processes or other legal issues.’

‘The team has a wide and deep knowledge of the automotive industry.’

‘Strong and clear profile with a very quick responsive attitude, helping us a lot in the physical meetings with customers as well as in the back office work. This gives us as a customer the advantage in negotiations.’

Key clients


FSN Capital

Nalka Investment

SEB Private Equity

Ceder Capital


PEQ Investment

AB Gustaf Kähr

Entercash Ltd.

Hydro Energi

Drug Free Sport

Construcciones y Auxiliar de Ferrocarriles

FlixMobility GmbH

AddLife AB

Better Collective A/S

Meniga Ltd


Galecto Biotech

Novax AB

Standout Capital AB

Enea AB

Elof Hansson Holding AB

Dispute resolution Tier 2

Setterwalls’ dispute resolution practice is a notable name in numerous sectors including the construction, real estate and automotive industries. Johannes Ericson often handles high-stakes liability claims and coverage disputes for global insurers. Johan Karlbom is currently engaged in environmental law disputes on behalf of real estate developers, while practice co-head Johan Strömbäck is handling high-value commercial arbitration and compensation claims for clients in the energy sector. Emma Fredberg excels at construction contracting disputes, and co-head Magnus Berlin handles pan-European parallel trading disputes.

Practice head(s):

Johan Strömbäck; Magnus Berlin

Other key lawyers:

Johannes Ericson; Johan Karlbom; Emma Fredberg


‘Emma Fredberg and Johan Karlbom are very competent, experienced and easy to work with.’

‘Johannes Ericsson is a very good litigator, especially in tort law.’

‘Clear, crisp, short and no nonsense advice.’

Key clients

AB Strängbetong/Consolis

NCC Construction AB

Wasa Kredit




Arbetsförmedlingen (the Public Employment Service)

Per Aarsleff A/S




If Insurance

Priveq Investment

Employment Tier 2

Hi-tech clients in the medtech, healthtech, IT, software and gaming sectors instruct Setterwalls on the full span of labour and employment issues. Co-head Åsa Erlandsson leads on workplace environment, discrimination and misconduct investigations, while co-head Henrik Kjellander handles restructurings, terminations, transfers and contractual negotiations. Erlandsson and counsel Emma Jarkell are also currently acting in trade collective bargaining litigation in the FMCG sector, which is a key focus industry for the group alongside the construction and automotive sectors.

Practice head(s):

Henrik Kjellander; Åsa Erlandsson

Other key lawyers:

Emma Jarkell


‘Unique, service minded and loyal to their customers building close, trustworthy and ethical long-term partnerships.’

‘I have worked closely with three individuals in different issues and processes we have been in through out the years. They have all been outstanding compared to other firms I have worked with before.They are always extremely service minded, working very closely with us, always being several steps ahead, working with extreme thoroughness and efficiency in everything they do in order to find solutions to take us further. They are easy to get in touch with, polite and easy to collaborate with.’

‘Great knowledge, solid advice, always takes the time.’

‘A very business-oriented team that really strives for finding real world solutions to complex matters.’

‘As a client, I feel noticed and really taken seriously. There is a genuine feeling of wanting to provide me with the best advice.’

‘Personal and spot-on service, always with a very pragmatic approach to our cases and high speed and flexibility in responding to calls and emails.’

Key clients



Workforce Logiq

Savills Sweden


Hoist Finance

The Central Bank of Sweden

Region Stockholm

Environment Tier 2

Setterwalls is active across all areas of environmental law, and has extensive experience in regulatory and permit processes, disputes and the environmental aspects of corporate transactions. Practice head Anders Linnerborg has particular expertise in advising clients from across the Nordic region on their operations in Sweden. Tove Andersson is highly regarded by clients, who praise her as 'the number one top lawyer within the environment field'; she has been appointed by the Ministry of Environment as an expert in a inquiry into environmental legislation. The team was recently strengthened further with the arrival of Malin Wikström from Front Advokater in 2020.

Practice head(s):

Anders Linnerborg

Other key lawyers:

Malin Wikström; Tove Andersson; Linnea Ljung; Tove Skärblom


‘They have exceptional competence in the environmental area not found in other firms. Especially Tove Andersson stands out as a highly competent and efficient lawyer. They are able to rapidly help with all kinds of legal dilemmas and matters.’

‘Tove Andersson is the main reason we use the environmental department of Setterwalls. Tove Andersson really stands out among lawyers in the environmental legal area. No matter what area we need help with, she always delivers.’

‘Very deep knowledge and practical experience.’

‘Anders Linnerborg, outstanding practitioner, lot of practical experience, focuses on key issues, practical and hands-on.’

‘Well informed and skilled in the specific questions and/or topics. If further expertise is required the team has a wide and well-established network. Very nice and pleasant to work with and always maintaining a high moral and ethics.

‘I almost always work with Linnea Ljung who is open for new angles of approach to problems.’

‘Take full responsibility to deliver the help required and make progress.’

‘The approach to an issue/topic is always very open minded and hence, the team works hard to understand all aspects before doing any statements or suggesting any solution or settlement. When assured of correct understanding then take the lead and suggest a way forward.’

Key clients

Borås Energi och Miljö AB

Arise AB

AB Sydsten

Stena Renewable AB

Svenska Kaolin AB

Lindab AB

Skanska Öresund AB

Befesa Scandust AB

Rabbalshede Kraft AB

Veidekke Industri AB

Scandivanadium Ltd


BJC Group

Titan X Holding AB

Bertling Enviro AB

Samgräv Recycling AB

NCC Industry AB

Clarios EMEA

Eurowind Energy AB

Insolvency Tier 2

Åke Fors at Setterwalls recently shifted the firm’s insolvency practice to focus on company debt and loan restructurings, owing to the departure of former practice head Mathias Winge. Fors, Mikael Magnusson and Carl Lindencrona retain a strong client roster of syndicated lenders, financial institutions, travel guarantee creditors and other debt providers from the domestic and Nordic markets. The team also handles corporate reorganisations arising from international sanctions.

Practice head(s):

Åke Fors

Other key lawyers:

Mikael Magnusson; Carl Lindencrona


‘Deep knowledge about how a bank works and which items are key for a bank when working with distressed debt.’

‘Mikael Magnusson – is a highly skilled and experienced lawyer and is one of our first hand choices when it comes to financial restructurings. He keeps track of both the details and the overall picture. He is a delight to work with and stays hands-on throughout any transaction.’

Insurance Tier 2

Setterwalls’ insurance practice covers the breadth of contentious and non-contentious issues for Swedish and international insurers, reinsurers and P&I clubs; the latter engage practice head Åke Fors and associate Samuel Pihl on maritime insurance matters. The group also handles claims and coverage litigation alongside regulatory matters, insurance-related M&A transactions and portfolio transfers; it also has notable strength in pension insurance work including advising on ultra-high-value governmental pension programmes. Johannes Ericson is the key contact for insurance disputes.

Practice head(s):

Åke Fors

Other key lawyers:

Samuel Pihl; Patrik Olivecrona; Magnus Rydberg; Johannes Ericson 


‘The insurance team has a deep knowledge of the insurance market as well as of its legal and regulatory regime. They are the right partners for any Swedish insurance questions you may have.’

‘Åke Fors and Samuel Pihl are very responsive and provide practical solutions. They are easy to work with.’

‘Great knowledge and capability. Detailed and broad knowledge of the Swedish and European insurance regulations. With integrity, Setterwalls seeks the best solution to satisfy the client.’

‘In complex governance and regulatory matters, Setterwalls and Patrik Olivecrona provide detailed knowledge and guidance.’

‘Setterwalls have strong specialist knowledge in the insurance sector since the acquisition of the team from Hamilton. Their service levels are second to none.’

‘I have worked on a number of cases with Magnus Rydberg. He is highly responsive and has a deep level of knowledge of Swedish insurance law. His written advice is absolutely first class and he is a pleasure to work with.’

Key clients

Euro Accident Health & Care Insurance Aktiebolag

National General Insurance

Euro Accident Livförsäkring AB

Small Business Consortium

Relacom Management

UK P&I Club

North of England P&I Club

Steamship Mutual P&I Club

London P&I Club


If Skadeförsäkring


Public procurement Tier 2

Setterwalls fields a comprehensive procurement practice, which is able to advise contractor and supplier clients on contentious and non-contentious matters across a range of sectors. The group also has experience in niche areas of the practice area, including handling the procurement of public-private partnership projects, concession procurements, innovation procurements and public-private innovation projects. Ulf Djurberg leads the practice from the Stockholm office and represents clients in litigation proceedings at a domestic and EU level. Based in Malmö, Martin Levinsohn focuses on the pharmaceuticals, biotech, medtech and food sectors.

Practice head(s):

Ulf Djurberg

Other key lawyers:

Martin Levinsohn; Mattias Wiklund; Anna Lundberg

Key clients

Swedish International Development Cooperation Agency (Sida)

Government Offices of Sweden

Borås Energi och Miljö AB

Klottrets Fiende No 1

RGS Nordic

NCC Sverige AB

Bravida Prenad AB

Stockholm County Council

Green Landscaping

Förbo AB

The Swedish Health and Social Care Inspectorate (IVO)

Swedish eHealth Agency

National Property Board Sweden

Första AP-fonden

Tredje AP-fonden

Fjärde AP-fonden


Gothenburg Municipality

Real estate Tier 2

Setterwalls has a full-service real estate offering, advising on core issues including real estate M&A transactions and commercial leases, alongside complimentary mandates including tax, capital markets and financing work. Patric Olofsson leads the department and is 'one of the most experienced lawyers in the field'; in addition to his M&A practice, Olofsson advises on a broad range of issues including land parcelling issues, lease agreements, environmental matters, disputes, and easements. Jessica Schönning, Jesper Kuschel and Anders Frick lead the Stockholm, Gothenburg and Malmö teams respectively.

Practice head(s):

Patric Olofsson; Jessica Schönning; Jesper Kuschel; Anders Frick

Other key lawyers:

Magnus Steninger; Sonny Ragnerstam


‘A strong and dedicated Real Estate team with backing from a full service firm. Highly skilled individuals working in a team with full transparency and a solution based approach to RE transactions.’

‘Patric Olofsson is one of the most experienced lawyers in the field. He provides uncomplicated solutions to complex issues and, with an unparalleled availability and ease of communication, he is a crucial part of our business. As part of Patric Olofsson’s Real Estate team, Magnus Steninger has proven to be an equally important contributor to our business. He provides a focus on details and paired with his knowledge of and interest in our operations he represent us in the best of ways. His experience and commitment makes him highly recommendable and a lawyer to follow in the future.’

‘Thorough experience is put into practice. Acting as a sound business partner and strategic advisor.’

‘I appreciate the business acumen. We can have good goal oriented discussions on what we’d like to achieve in a negotiation and Setterwalls can work quite independently in order to achieve those goals.’

‘The team has a uniquely broad as well as deep/specialised knowledge in real estate law. The team provides clients with hands-on adequate practical legal advice, no matter the commercial twist.’

‘We always work with Magnus Steninger who acts very professionally, is relatively young but always on the customer’s side and works quickly to produce results. He has good arguments and is always business-oriented and wants to get the deal done. Therefore, he is often appreciated by our counterparts as well.’

‘Their diversity in services and the fact that you always feel like you are a VIP client.’

Jessica Schönning is a highly skilled real estate lawyer with many years experience. She has an unquestionable broad and deep knowledge, spanning the entire spectrum of real estate law.’

Key clients

Folksam Insurance Group

Aberdeen Standard Investment

Akademiska Hus


Cromwell Property Group

Magnolia Bostad



Nuveen Real Estate

Ness, Risan & Partners AS

Erlandsson Bygg

Veidekke Bostad

Lansa Fastigheter

Skandia Fastigheter

Arlandastad Holding AB

Index Residence

Serafim Fastigheter AB

Shipping Tier 2

Setterwalls fields a robust maritime and transport law group, which features practice head Åke Fors, Martin Sandgren and associate Samuel Pihl. The group is particularly active in shipping insurance mandates, including representing international P&I clubs in cargo claims and disputes. Recent corporate mandates included advising on joint ventures and company mergers; the team also handled ship financing matters, registrations, transport agreements and sales.

Practice head(s):

Åke Fors

Other key lawyers:

Martin Sandgren; Samuel Pihl


‘Shipping seems to be in Setterwalls’ DNA. There is certainly a long-standing tradition of serving the shipping industry with solid, reliable legal advice.’

‘Great competence within Shipping. Solutions oriented. Hands on.’

‘Great team! Competence, hands on, proactive, quick delivery.’

‘Martin Sandgren has a wide knowledge of the offshore wind industry and his experience from being in-house counsel with an OEM gives him a unique understanding of how those organisations work. His experience with drafting bespoke contracts and handling negotiations gives him a sharp edge and makes him a valued counsel.’

Key clients

Rederi AB Soya

Wallenius Lines AB

Wallenius Marine AB

Wallenius SOL AB

Wallenius Water AB

Sweden Orient Line AB

EUKOR Car Carriers Inc.

UK P&I Club

London P&I Club

North of England P&I Club

Steamship Mutual P&I Club

NYK Line

Spliethoff Group




Tax Tier 2

On the contentious side of Setterwalls’ tax practice, co-head Niclas Hermansson successfully represented construction clients in Supreme Court tax litigation brought by the Swedish Tax Agency concerning questions of tax validity.  Practice co-heads Sören Brekell and Christian Sjöqvist handle corporate and transactional tax mandates. Real estate is a particular sector of strength, with further clients sourced from the life sciences, fintech and e-commerce industries.

Practice head(s):

Niclas Hermansson; Sören Brekell; Christian Sjöqvist

Key clients

Züblin Scandinavia AB

True Software Scandinavia AB

Boozt AB

Arise AB

TB Gruppen AB

Skandia Fastigheter AB

Capital markets Tier 3

Setterwalls’ capital markets team predominantly acts for corporate issuers on equity capital markets transactions including high-value IPOs on the main and secondary markets. Spread over three offices, the group's leadership comprises Jörgen S. Axelsson and Marcus Nivinger in Stockholm; Ola Grahn in Malmö; and Jesper Kuschel in Gothenburg. The team is prominent in the life sciences sector and is also retained by cutting-edge, listed technology clients, including unique nanosatellite producers. Carl Lindencrona handles debt mandates.

Practice head(s):

Jörgen S. Axelsson; Marcus Nivinger; Ola Grahn; Jesper Kuschel

Other key lawyers:

Carl Lindencrona


‘Setterwalls acts as an almost in-house legal counsel and knows our business genuinely. Their advice goes beyond the strict legal side as they also have the capacity to provide strategic advice, i.e. describing and discussing strategic implications of central legal decisions.’

‘Ola Grahn stands out for the ability to see beyond the strict legal aspects to have a solid understanding of our business.’

‘Provides knowledge, quality, proactiveness, team effort and availability.’

Key clients


Fastighets AB Balder

Ascelia Pharma



Maha Energy

Better Collective


Alligator Bioscience

Sivers IMA

IAR System


Qlean Air

InDex Pharmaceuticals





ÅAC ClydeSpace



Klaria Pharma




Nordisk Bergteknik

HiQ International

Construction Tier 3

Setterwalls has a strong construction practice, which handles corporate and transactional matters, projects and contract law issues. Lennart Iwar leads the team in Malmö, which also includes Henrik Trölle, who represents large contractors in disputes and also provides strategic advice. Hans Dahlberg Kolga, who is based in Stockholm, often acts as an arbitrator in construction disputes. Anders Heintze departed to Advokatfirman Vinge in 2020.

Practice head(s):

Henrik Trölle; Hans Dahlberg Kolga; Lennart Iwar

Other key lawyers:

Mattias Wiklund; Emma Fredberg


‘It is always a challenge to have negotiations with local contractors in a transaction environment with international investors requiring all documents to be bankable. Setterwalls managed to have a pragmatic view focusing on the important issues.’

‘We had Mattias Wiklund supporting us in a few projects concerning agreements for construction works and asset management. We are pleased with the services in regards of efficiency and ability to deliver quality in processes with great time pressure.’

‘Very pragmatic and business minded approach helps focus on the vital questions.’

‘Very trustworthy and able to build relations with the counterpart by acting professional and showing expertise.’

Key clients

NCC Sverige AB


Per Aarsleff A/S

Svenska Kraftnät AB

Borås Energi och Miljö AB

Bravida Sverige AB


RGS Nordic AB

Emil Lundgren AB

AB Sydsten

Arise AB


Hilti Sverige AB

Svevia AB


Riksbyggen ekonomisk förening


EU and competition Tier 3

Recent highlights for Setterwalls’ EU and competition practice head Ulf Djurberg include a string of cartel investigations and follow-on damages claims, strategic merger control filings and EU issues concerning the free movement of goods. Djurberg also advises on state aid issues for automotive and professional services clients, while Bo Berndtsson provides compliance advice on global distribution issues, information exchanges and regulatory investigations. Core areas of sector expertise for the group include the FMCG, energy, transport and heavy industries.

Practice head(s):

Ulf Djurberg

Other key lawyers:

Bo Berndtsson


‘Always available and keen to provide for our needs.’

‘Service minded and updated on our business.’

The firm: Setterwalls is one of Sweden’s leading full-service business law firms, as well as one of Sweden’s largest law firms, with some 190 lawyers servicing clients from its three offices in Sweden’s largest cities – Stockholm, Gothenburg (Göteborg) and Malmoe (Malmö). Setterwalls is an independent law firm with an extensive, well-established international network. Established in 1874, it is also Sweden’s oldest law firm.

Areas of practice: Being a commercial full-service practice, Setterwalls offers clients a complete range of business law services, including within the following areas of practice:

Aviation; commercial; corporate; dispute resolution; employment and labour law; energy and commodities; environment; equity capital markets; EU and competition law; financial markets; financial services regulation practice; infrastructure and construction; insolvency and restructuring; insurance and reinsurance; intellectual property rights and marketing law; life sciences; M&A; private client; private equity; public procurement; public sector; railway; real estate; real estate M&A; shipping; sports and entertainment; tax; technology, media and telecoms; transportation; see the firm’s website for more information.

Clients: By combining its legal expertise with extensive knowledge of numerous sectors, Setterwalls attracts clients within a wide range of sectors – from biotech entrepreneurs, clean tech and media companies to private equity firms, game developers and real estate funds – including many of Sweden’s, and the world’s, leading companies, banks and other financial institutions and government agencies.

International work: Because it is based in Scandinavia, which has one of the world’s most globalised business environments, Setterwalls is accustomed to working in multinational contexts – across linguistic and cultural boundaries. All in all, about half of Setterwalls client assignments originate from countries outside of Sweden, including from many of the world’s leading companies, banks and other financial institutions.

Foreign desks: Setterwalls has established a number of foreign desks – the China desk, the French desk and the German desk – to meet clients’ demand for truly international expertise and legal advice. Each desk consists of a group of lawyers who combine legal specialist expertise with linguistic skills and a deep understanding of the business culture and legal system of China, France, and Germany respectively. See the firm’s website for more information.

Department Name Email Telephone
Banking and finance Åke Fors
Construction Hans Dahlberg Kolga
Corporate and commercial Anders Söderlind
Corporate and commercial Jörgen Axelsson
Dispute resolution Johan Strömbäck
EU and competition Ulf Djurberg
Employment and labour Henrik Kjellander
Environment Girion Blomdahl
Energy Martin Sandgren
Equity capital markets Jörgen S Axelsson
Equity capital markets Marcus Nivinger
Insolvency and restructuring Åke Fors
Insurance and reinsurance Åke Fors
Intellectual property Sophia Spala
Life sciences Magnus Jonson
M&A; private equity Anders Söderlind
M&A; private equity Mattias Detterfelt
Public procurement Ulf Djurberg
Real estate Jessica Schönning
Shipping; transportation Åke Fors
Technology, media and telecom Jörgen Axelsson
Technology, media and telecom Joacim Johannesson
Photo Name Position Profile
Adv Anders Ackebo  photo Adv Anders Ackebo Senior Counsel Anders Ackebo was head of Listing and Surveillance at NASDAQ…
 Martin Aronsson  photo Martin Aronsson I am a part of Setterwalls’ Corporate/M&A group and work within the…
Adv Jörgen Axelsson  photo Adv Jörgen Axelsson Partner For more than 25 years, I have worked with IT and…
Adv Jörgen S. Axelsson  photo Adv Jörgen S. Axelsson I have more than 20 years of experience working in law firms…
Adv Mats Björkman  photo Adv Mats Björkman I specalize in corporate law in particular, and assist multinational groups of…
Adv Girion Blomdahl  photo Adv Girion Blomdahl I have worked since 2005 with real estate and environmental law, except…
Adv Hans Dahlberg Kolga  photo Adv Hans Dahlberg Kolga Partner, Hans Dahlberg Kolga is co-head of Setterwalls’ Dispute Resolution Group. Hans…
Adv Mattias Detterfelt  photo Adv Mattias Detterfelt I am head of Setterwalls Private Equity group and is specialized in…
Adv Ulf Djurberg  photo Adv Ulf Djurberg ULF DJURBERG is head of Setterwall’s EU and competition law department, which…
Adv Kristina Einarsson  photo Adv Kristina Einarsson Partner I help companies and organisations in conjunction with transactions and financing.…
Adv Johannes Ericson  photo Adv Johannes Ericson Partner I am specialised in domestic and international arbitration as well as…
Adv Åsa Erlandsson  photo Adv Åsa Erlandsson PartnerEmployment law. That is what I work with and it is my…
Adv Håkan Fohlin  photo Adv Håkan Fohlin I work with Swedish and international M&A, often in collaboration with foreign…
Adv Niklas Follin  photo Adv Niklas Follin I give advice to Swedish and international companies on all sorts of…
Adv Åke J. Fors  photo Adv Åke J. Fors Partner Since the late 1980s, I have assisted Swedish and foreign companies,…
Adv Linnea Gävbo  photo Adv Linnea Gävbo I work primarily within the areas M&A, venture capital and corporate law.…
Adv Cecilia Gauffin  photo Adv Cecilia Gauffin Since 2011, I have worked mainly with dispute solution, and I work…
Adv Axel Helle photo Adv Axel Helle I assist clients in matters regarding capital markets and securities law, corporate…
Adv Nicole Hervidsson  photo Adv Nicole Hervidsson Since 2013, my work has consisted of helping Swedish and foreign companies,…
Adv Joacim Johannesson  photo Adv Joacim Johannesson Since the mid-1990s, I have assisted Swedish and international companies with advice…
Adv Linn Jonsson  photo Adv Linn Jonsson I work within the areas M&A, venture capital and corporate law, and…
Adv Henrik Kjellander  photo Adv Henrik Kjellander Executive Partner Henrik Kjellander specializes in Labour Law and business sales. Henrik…
 Andreas Löfholm  photo Andreas Löfholm I am specialized within Regulatory Compliance matters and have worked within the…
Adv Carl Lindencrona photo Adv Carl Lindencrona Since 2008, I have worked with various types of debt financing transactions.…
Adv Mikael Magnusson photo Adv Mikael Magnusson I am a partner in the Stockholm banking and finance practice group…
Adv Marcus Nivinger photo Adv Marcus Nivinger Partner I have experience from advising in private and public transactions, such…
Adv Patric Olofsson  photo Adv Patric Olofsson I am a partner in Setterwalls’ M&A Real Estate group. My responsibility…
 Samuel Pihl  photo Samuel Pihl I have been a part of the Transport Law group since 2019.…
Adv Sonny Ragnerstam  photo Adv Sonny Ragnerstam I assist Swedish and foreign companies, authorities and organizations in matters regarding…
Adv Lorentz Reige  photo Adv Lorentz Reige I advise public authorities, companies and private individuals within the field of…
Adv Olof Reinholdsson  photo Adv Olof Reinholdsson PartnerSince 2008, I have assisted Swedish and foreign companies with advice, primarily…
Adv Magnus Rydberg  photo Adv Magnus Rydberg Partner I have extensive experience in advising Swedish and foreign companies in…
Adv Anders Söderlind  photo Adv Anders Söderlind Partner, Advokat Corporate and M&A Corporate and Commercial. Anders has worked with…
Adv Martin Sandgren  photo Adv Martin Sandgren Partner I have experience from advising in private and public transactions, such…
Adv Jessica Schönning  photo Adv Jessica Schönning For more than 15 years, I have assisted companies and public actors…
Adv Tove Skärblom  photo Adv Tove Skärblom Since 2013, I’ve been working with legal issues within the field of…
Adv Sophia Spala photo Adv Sophia Spala PartnerSince 2005, I have worked mainly within the areas of intellectual property…
Adv Magnus Steninger  photo Adv Magnus Steninger I am highly specialized within the field of real estate transactions and…
Adv Angelica Ström  photo Adv Angelica Ström I advise public authorities as well as Swedish and international companies in…
Adv Johan Strömbäck  photo Adv Johan Strömbäck Johan Strömbäck is a partner practicing in Setterwalls’ dispute resolution group. His…
Number of lawyers : 190
Other offices : Göteborg
Other offices : Malmö