Scandinavia

http://www.bbc.co.uk/news/business-22608343# Former Saab Automobile chiefs arrested for accounts fraud 21 May 2013 Three former top executives from carmaker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud. The three are “suspected of aggravated attempts to avoid tax controls”, according to Swedish prosecutor Olof Sahlgren. Mr Sahlgren alleged that the trio falsified parts… Continue Reading

http://online.wsj.com/article/SB10001424127887323463704578493101062585658.html?mod=fox_australian Swedish Firms Squeezed as Krona Rises on Euro May 19, 2013 BY CHARLES DUXBURY VADERSTAD, Sweden—This cozy village got a visit in March from Sweden’s prime minister, who praised farm-machinery company Vaderstad-Verken AB as one of the country’s “successful export companies.” But Fredrik Reinfeldt got a stern complaint from Christina Stark, an executive at… Continue Reading

http://www.lexology.com/library/detail.aspx?g=c7bbb092-59d5-479a-8424-30dc21ebb228 Bill for a directorship disqualification order under civil law: political posturing or a real weapon against bankruptcy fraud? May 13 2013 Recently the Minister of Justice issued a draft bill which, if enacted, will introduce a directorship disqualification order under civil law. The bill is open for consultation until 31 May 2013. The aim… Continue Reading

http://www.irishtimes.com/news/environment/sweden-had-to-reverse-privatisation-of-state-forestry-expert-says-1.1396636 Sweden had to reverse privatisation of State forestry, expert says Scandinavian state’s experience a “mistake” ahead of Cabinet’s decision on Coillte’s harvesting rights 17 MAY 2013 As the Cabinet moves closer to a decision on the sale of Coillte’s harvesting rights, a Swedish forestry expert has outlined how his country had to reverse its… Continue Reading

http://www.lexology.com/library/detail.aspx?g=c7a18399-116b-47a4-b0d3-65e948de67e8 Rare Council of State case law: environmental compliance in case of insolvency May 13 2013 Who is responsible for compliance with environmental regulations when a company is declared bankrupt? Who is liable in these circumstances to pay penalties imposed by the competent environmental authority? This issue has been brought before the Netherlands’ highest environmental… Continue Reading

http://online.wsj.com/article/SB10001424127887323716304578481402672631038.html?mod=pls_whats_news_us_business_f Norway Tax to Hit Oil Profit May 13, 2013 BY KJETIL MALKENES HOVLAND OSLO—Norway’s plan to raise taxes on oil companies could raise the break-even price of new projects by $5 a barrel, putting corporate profit margins at risk and likely leading to the shelving of some projects, according to independent consulting firm Rystad… Continue Reading

http://www.lexology.com/library/detail.aspx?g=b45404da-ec35-4549-aa46-335f5364f2bd&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2013-05-10&utm_term= Supreme Court extends creditors’ access to freezing orders May 7 2013 Introduction Under Article 271(1)(6) of the Debt Enforcement and Bankruptcy Law, a creditor may apply for an order to freeze a debtor’s assets on the basis of a final enforceable title. A freezing order may be granted if the creditor proves prima facie… Continue Reading

http://www.plenglish.com//index.php?option=com_content&task=view&id=1392111&Itemid=1 Swedish Minister Visits Angola to Strengthen Trade Luanda, May 8 (Prensa Latina) The Swedish Trade Minister Ewa Björling, arrived in this capital today with the aim of promoting trade relations between her country and Angola. Stockholm is interested in promoting, together with Angola, economic and trade ties, as this African country is one of… Continue Reading

http://online.wsj.com/article/SB10001424127887323372504578464890362263054.html?mod=fox_australian Talks Begin on Forming Coalition in Iceland May 5, 2013 BY CHARLES DUXBURY The leader of Iceland’s Progressive Party, which finished second in last week’s parliamentary elections, over the weekend began talks with the Independence Party to form a government that would likely end an effort to join the European Union. Sigmundur David Gunnlaugsson,… Continue Reading

http://www.irishtimes.com/business/sectors/financial-services/losses-fall-at-danske-bank-s-irish-arm-1.1380297 Losses fall at Danske Bank’s Irish arm Pretax loss for first quarter of 2013 shrinks to €8.8m as loan impairments decline 03 MAY 2013 Pretax losses at Danske Bank’s Irish arm fell to €8.8 million in the first quarter of 2013, as impairment charges narrowed compared with the previous quarter. That compared with a… Continue Reading