Expertise

We know the rules of business

We believe in combining business with the personal and bring in-depth legal expertise, strong dedication and hand-picked, engaged teams to our clients. Across 130 co-workers we offer legal advice covering Transactional Services, Business Strategy and Operations Services, Special Situations Services and Collaborative Innovation.

Transactional Services

Our Transactional Services group provides legal services and expertise to corporates, sponsors, funds, investment banks and other financial institutions within mergers & acquisitions, equity capital markets and public M&A, banking & finance and debt capital markets in local and cross-border transactions, focused on enhancing value, eliminating risk and delivering deal certainty.

Mergers & Acquisitions

We assist our clients in local and cross-border private mergers and acquisitions, offering a full range of transactional services, including acquisitions, divestments, mergers, joint ventures, intra-group re-organisations and corporate finance. We advise and provide legal expertise on complex cross-border transactions, private equity buyouts, small-cap acquisitions as well as venture capital investments and infrastructure deals.

Our clients range from Swedish and international blue-chip companies, private equity sponsors and corporates, investment banks and other financial institutions, and investment funds, to starts-ups.

Our team has extensive experience of Swedish and international transactions and has acted as lead and local counsel in several high-profile buyout transactions and complex acquisitions on behalf of Swedish clients investing in foreign entities and international clients coming to the Swedish market.

We work closely with our Equity Capital Market and Public M&A and Banking & Finance and Debt Capital Market teams, and have long-standing relationships with leading foreign law firms. This enables us to deliver integrated teams and seamless advice and services across practice areas and jurisdictions in the most complex and challenging M&A transactions.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information we invite you to contact Peter Lilja, Anders Moberg, Johan Hessius, Peter Högström or Carl-Olof Bouveng.

Equity Capital Markets and Public M&A

We provide our clients with expert legal advice on local and cross-border equity capital markets transactions and public M&A, offering a full range of services, including IPOs, takeovers, rights issues and private placements. We also advise our listed clients on disclosure and other regulatory issues, corporate governance and incentive programmes.

Our clients include issuers, bidders, investment banks, major shareholders and other stakeholders in the Swedish stock market, and we work closely with financial and other advisers involved.

We work closely with Private M&A and Banking & Finance and Debt Capital Market teams and have long-standing relationships with leading foreign law firms. This enables us to deliver integrated teams and seamless advice and services across practice areas and jurisdictions in the most complex and challenging capital market transactions.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information we invite you to contact Annika Andersson or Maria Arnoldsson.

Private Equity

We offer expert legal advice to private equity sponsors and management on buyouts, investments, bids, listing, exits, add-ons, structuring and financing.

Our clients include private equity sponsors, investors, management, fund managers, and an increasing volume of family offices and underwriters. We advise on all aspects of the industry, from fundraising and structuring to buyouts and exits.

A large portion of our work is for international private equity houses active in the Nordic market, and our in-depth expertise and experience of cross-border and multijurisdictional transactions have proved to be a successful tool for our clients in completing their most complicated deals.

Our Private Equity team is supported by our Private and Public M&A, Equity and Debt Capital Markets and Banking and Finance teams. Over the years we have developed a strong and seamlessly integrated practice, enabling us to deliver deal certainty and top-class market knowledge, value and execution.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information we invite you to contact Peter Lilja or Peter Högström.

Banking & Finance and Debt Capital Markets

We have extensive experience and offer our clients expert legal advice across the full spectrum of banking & finance and debt capital market transactions. Our clients include Swedish and international banks, private equity sponsors, corporates, alternative debt providers, infrastructure and renewable energy investors, investment banks and investment firms.

Our Banking & Finance and Debt Capital Markets team advises lenders, borrowers, arrangers and underwriters on all aspects of acquisition financing, corporate lending, asset-based lending and debt issuances, including structuring and documentation of leveraged buyouts, renewable energy and infrastructure projects, acquisitions, bid financing and high-yield and investment-grade bond issues.

Our team is skilled at advising in a Swedish and international context and has acted both as lead and as local counsel in several notable leveraged buyout transactions, and complex acquisition and asset-based lending transactions on behalf of Swedish clients investing in foreign entities and international clients coming to the Swedish market.

Our Banking & Finance and Debt Capital Market team works closely with our Private M&A and Equity Capital Market teams, and has long-standing relationships with leading foreign law firms, enabling us to deliver integrated teams and seamless advice and service across practice areas and jurisdictions in the most complex and challenging banking transactions and debt capital market issuances.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, please contact Dennis Luttropp Hansson, Jesper Johansson or Carl Axel Morvay.

Peter Lilja

Partner
Contact
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Annika Andersson

Partner
Contact
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Peter Lilja

Partner
Contact
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Dennis Luttropp Hansson

Partner
Contact
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Business Strategy and Operations Services

Our Business Strategy and Operations Services group provides a broad range of legal services and expertise, addressing the long- and short-term day-to-day needs of corporations and other organisations. Our services include outsourcing and supply chain, sales, distribution and franchising, intellectual property, data privacy and information security, competition law and state aid, public procurement, corporate sustainability, financial regulatory services and employment.

Outsourcing and Supply Chain

We offer our clients expert legal advice, contract drafting and negotiation and project management in complex outsourcing deals and supply chain contracts. We also advise on outsourcing and supply chain strategies, based on our unique knowledge of alternative sourcing models. Increasingly, we combine this field of expertise with our unique competence in relational contracting and Vested, an area in which our clients are keen to build long-term partnerships.

Our clients include large and mid-sized Swedish and international companies and organisations active on the customer as well as the supplier side.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, we invite you to contact Erik Bergenstråhle, David Frydlinger or Erik Linnarsson.

Sales, Distribution and Franchising

We offer our clients expert legal advice, contract drafting and negotiation in sales and distribution contracts and franchising. We also advise on competition law and related aspects of contractual arrangements.

Our clients include large and mid-sized Swedish and international companies and organisations, often operating in our digital, biological or physical synergy areas such as information and communication technology, life sciences and energy.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged teams to our clients. Our high quality of service and our determination to deliver outstanding results enables us to build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, please contact Erik Bergenstråhle or David Frydlinger.

Intellectual Property

We help our clients to protect and maximise return on their copyrights, trademarks, patents and other intellectual property. We work proactively with intellectual property strategies, commercialisation of intellectual property rights and litigation.

Our clients include large and mid-sized Swedish and international companies and private and public organisations.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, feel free to contact Sanna Wolk, David Leffler or Christopher Tehrani.

Competition Law and State Aid

We advise clients on all aspects of EU and national competition laws, such as merger control, abuse of dominance, cartels and other anti-competitive behaviour, including litigation and investigations by national authorities and the EU Commission. We have also acted for clients in several state aid cases before the EU Commission. We regularly assist our clients in preventative compliance reviews and arrange in-house training in all the fields mentioned.

Our clients include large and mid-sized Swedish and international companies and other private and public organisations.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, please contact Ulrica Salomon or Eva-Maj Mühlenbock.

Public Procurement

We offer our clients market leading legal expertise in public procurement, including drafting and analysis of bid documentation, risk assessments, strategies, appeals and litigation.

Our clients include public authorities and Swedish and international private organisations involved in public procurement.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, we advise you to contact Eva-Maj Mühlenbock, Olof Hallberg or Ulrica Salomon.

Data Privacy and Information Security

We provide our clients with market leading legal expertise in all areas of data privacy, including GDPR compliance, data protection officer services, personal data breach notification and litigation. Experts in our team are recognised as thought leaders in the field of data privacy. We also advise on all legal aspects of information security.

Our clients include large and mid-sized Swedish and international companies as well as other private and public organisations.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, please contact Caroline Olstedt Carlström or David Frydlinger.

Corporate Sustainability

We advise our clients on all aspects of corporate sustainability. We build our own business around social, ecological, economic and digital sustainability, and we bring our knowledge and expertise in these areas to our clients. We are unique in the market, thanks to our focus on digital sustainability, addressing issues such as the increasingly critical question of ethical artificial intelligence.

Our clients include large and mid-sized Swedish and international organisations, both private and public.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, you are invited to contact Sanna Wolk or David Frydlinger.

Financial Regulatory Services

We provide expertise to Swedish and international investors and regulated entities in all regulatory areas of the rapidly growing financial sector. We work closely with our Transactional Services teams, enabling us to provide seamless advice and regulatory guidance in the most complicated transactions and investments in the financial services industry. We also regularly advise clients on application procedures, ownership and management assessments, corporate investigations, restructurings, sanctions and general compliance.

Our team has wide experience of working with Swedish and international banks, insurance companies, funds, investment firms, start-ups and other regulated entities. Our experience and overview of the market enable us to be proactive and provide strategic advice.

We have long-standing relationships with leading foreign law firms. This enables us to deliver integrated teams and seamless advice and services across practice areas and jurisdictions on the most complex and challenging financial regulatory issues.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information we invite you to contact Carl-Olof Bouveng or Carl Axel Morvay.

Employment

We help our clients to manage employment law aspects of reorganisations, acquisitions and redundancies. We also act for clients in employment disputes. Privacy, industry and trade secrets, and intellectual property issues also form part of our regular employment practice.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, please contact Daniel Lander.

Erik Bergenstråhle

Partner
Contact
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Erik Bergenstråhle

Partner
Contact
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Sanna Wolk

Head of IP & Corporate Sustainability/Partner
Contact
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Ulrica Salomon

Partner
Contact
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Eva-Maj Mühlenbock

Partner
Contact
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Caroline Olstedt Carlström

Partner
Contact
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David Frydlinger

Partner and Managing Partner
Contact
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Carl-Olof Bouveng

Partner
Contact
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Daniel Lander

Partner
Contact
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Special Situations Services

We provide legal services for special situations that corporations, investors, banks, financial institutions and other organisations meet, including dispute resolution, restructuring and insolvency, and corporate investigations.

Dispute Resolution

We assist our clients in large and medium-sized court disputes and arbitration proceedings – both national and cross-border – for example before the SCC and ICC. We also assist in complex white-collar crime cases and related civil claims, typically involving corruption, fraud and money laundering.

Our clients include large and mid-sized Swedish and international companies and other organisations.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, we invite you to contact Daniel Lander or Olle Nykvist.

Restructuring and Insolvency

We provide our clients with highly specialised long-term legal advice on large and high-profile, national and cross-border financial work-outs, refinancing of distressed debt, and also act as court-appointed receiver/administrator in bankruptcies, company reorganisations and solvent liquidations.

Our clients include banks, creditors, debtors and other stakeholders in conjunction with claims and other interests in insolvency proceedings of all kinds.

Our Restructuring and Insolvency team distinguishes itself from the competition in Sweden by being closely integrated with our Banking and Finance practice. It is thus able to offer in-depth knowledge throughout the entire financing cycle.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

For more information, please contact Lars-Henrik Andersson or Pierre Pettersson.

Corporate Investigations

We assist our clients in anti-bribery and corruption cases, including proactive risk analysis and setting up of internal procedures and policies, along with corporate investigations and crisis management.

Our clients include large and mid-sized private and public organisations, both national and international.

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

For more information, feel free to contact Ulrica Salomon.

Daniel Lander

Partner
Contact
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Lars-Henrik Andersson

Partner
Contact
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Ulrica Salomon

Partner
Contact
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Collaborative Innovation

Collaboration and innovation are business-critical sources of growth and competitive advantage in today's economy. To assist our clients in these areas, we bring unique expertise in building long-term partnerships based on relational contracts, often applying the Vested sourcing model, developed at the University of Tennessee. No other law firm in the Nordics brings our level of experience and expertise to the critical skill of building long-term commercial relationships in the network economy.

Vested®

Vested®is a business model, methodology, mindset and movement for creating highly collaborative business relationships that enable true win-win relationships in which both parties are equally committed to each other’s success. A Vested approach fosters an environment that sparks innovation, resulting in improved service, reduced costs and value that did not exist before — for both parties. Vested is based on award-winning research conducted by the University of Tennessee College of Business Administration and funded by the US Air Force. Cirio is a Centre of Excellence for Vested in the Nordics and has been involved in developing this highly successful business model for many years. We have assisted several large Nordic companies in areas such as facility management, business process outsourcing and support and maintenance of infrastructure.

Vested combines a relational contract with an outcome-based economic model implemented through five fundamental rules:

  1. Focus on Outcomes, Not Transactions
  2. Focus on the What, Not the How
  3. Clearly Defined and Measurable Outcomes
  4. Pricing Model with Incentives
  5. Governance for Insight, Not Oversight

Cirio provides, as the only law firm in the Nordics, advice on the Vested model and related matters. Our services in the area include:

  • Vested deal reviews
  • Strategic advice on optimal choices of Vested and alternative sourcing business models
  • Facilitation of Vested implementation
  • Drafting and facilitation of negotiations of Vested contracts
  • Standing neutral services for organisations in Vested partnerships

We believe in combining business with the personal and therefore bring in-depth expertise, strong dedication and hand-picked, engaged, deal teams to our clients. In addition, we offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communications technology, life science, real estate, energy and infrastructure.

With our high quality of service and strong determination to deliver outstanding results, we build long-term relationships with our clients with the aim to be not just an exceptional legal advisor, but also their trusted business partner.

For more information, we invite you to contact David Frydlinger or Erik Linnarsson.

To read more, please download our summaries here - An Introduction To Vested and Vested A Business Model.

You can also find more information about Vested® on www.vestedway.com

Relational Contracting

A relational contract is a contract that helps organisations meet many of the challenges of doing business in an economy characterised by volatility, uncertainty, complexity and ambiguity. In the network economy, long term business relationships have become an important source of competitive advantage. But companies and organisations struggle to establish and thereafter live by a set of rules based on which they can collaborate to generate value. Research and experience shows that the traditional, transactional contract is often not an efficient instrument to create the kind of partnerships that successful commercial relationships often require. This is where the relational contract provides an alternative. We have over the years assisted several large Nordic companies and organisations in areas such as IT-outsourcing, business process outsourcing and strategic partnerships.

Based on award winning research in behavioural economics and other areas, the relational contract has the following characteristics:

  • It focuses on the relationship rather than on the deal
  • It establishes a partnership instead of an arm’s-length relationship
  • It embeds value-generating social norms at the heart of the commercial relationship
  • It mitigates risk by creating continuous alignment of interest
  • It provides a flexible framework, accepting that all contracts are incomplete

Cirio is a thought leader on relational contracting and provides a unique set of services, including:

  • Compatibility and trust assessments between organisations
  • Drafting and negotiations of relational contracts
  • Standing neutral services of organisations in partnerships based on relational contracts

We believe in combining business with a personal approach, and therefore bring in-depth expertise, dedication and hand-picked, engaged deal teams to our clients. We also offer multi-disciplinary teams from our digital, biological and physical synergy areas such as information and communication technology, life sciences, real estate, energy and infrastructure.

Our high quality of service and our determination to deliver outstanding results ensure that we build long-term relationships with our clients, aiming to be not just an exceptional legal adviser, but also their trusted business partner.

To learn more about relational contracting, please download our written summary here - The Modern Contract or take a look at this short video featuring our managing partner, David Frydlinger.

For more information, you are welcome to contact David Frydlinger or Erik Linnarsson.

David Frydlinger

Partner and Managing Partner
Contact
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David Frydlinger

Partner and Managing Partner
Contact
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Synergy areas