SEK wins dispute with Sparbanksstiftelserna

(Thomson Reuters ONE) -


An arbitral tribunal today ruled in favour of SEK in the dispute between SEK and
Sparbanksstiftelsernas Förvaltnings AB (SFAB). The dispute related to SEK's
purchase of Swedbank shares from SFAB in March 2009. SFAB had claimed, among
other things, that the purchase should be declared invalid.

"It is good that we have now received a clear verdict in a dispute that has been
ongoing for more than two years. It has now been definitively established that
SEK's purchase of Swedbank shares from SFAB was carried out correctly," said SEK
President Peter Yngwe.

SEK was represented in the dispute by Johan Gernandt and Fredrik Lundblom of the
law firm Vinge.

"The judgment is unanimous and SFAB has also been instructed to pay all of SEK's
legal costs," said Johan Gernandt of Vinge.

The disputed amount was in excess of Skr 2.5 billion.

"SEK's purchase in March 2009 was in no way deemed inappropriate and the case
reviewed many important, practical issues relating to collateral and the
application of adjustment and invalidity rules in contractual relationships,"
said Fredrik Lundblom of Vinge.

Please direct any questions to SEK's interim Head of Communications Edvard
Unsgaard on +46 721-76 85 16.







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: AB Svensk Exportkredit via Thomson Reuters ONE

[HUG#1594485]

Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
Datum: 15.03.2012 - 17:47 Uhr
Sprache: Deutsch
News-ID 125383
Anzahl Zeichen: 1944

contact information:
Town:

Stockholm

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 180 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"SEK wins dispute with Sparbanksstiftelserna"
steht unter der journalistisch-redaktionellen Verantwortung von

AB Svensk Exportkredit (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

SEK issued a global USD 1.5 billion bond ...

SEK has issued a USD 1.5 billion 5 year benchmark bond. The bond is SEK's largest USD benchmark transaction ever. The successful bond was received very well and was subscribed by investors from all over the world and was fully subscribed in les ...

SEK: Record-high lending volumes in the first six months ...

Continued very strong demand for long-term financing from the Swedish export industry has resulted in record-high lending volumes for SEK in the first half of the year. New lending amounted Skr 58.3 billion during the period, and SEK is now the singl ...

SEK takes part in Swedbank AB's new share issue ...

SEK has decided to take part in Swedbank AB's new share issue. SEK already owns 25,520,000 shares in Swedbank which represent 3.3 percent of the share capital in Swedbank AB. The decision means that SEK intends to claim it's pro rata share ...

Alle Meldungen von AB Svensk Exportkredit