Harvest has advised PEG Capital on its application for authorisation as an AIF manager
Harvest has advised PEG Capital Partners AB on its application for authorisation to operate as an AIF manager. The application was approved by the Swedish Financial Supervisory Authority on 27 November 2019.
The Harvest team was led by partners Gustav Sälgström and Björn Wendleby with support from associates Emelie Persson and Emily Dahlqvist.
Harvest has advised Payer Financial Services AB on its application for authorisation as a payment institution
Harvest has advised Payer Financial Services AB on its application for authorisation as a payment institution. The application was approved by the Swedish Financial Supervisory Authority on October 22 2019.
Payer Financial Services is a fintech company active in the fast-growing market for digital payment solutions. The company specializes in business-to-business (B2B) payments.
Harvest’s team comprised of senior associate Carl-Fredrik Hedengren and associate Emily Dahlqvist.
Harvest has advised Dreams Securities on its application for authorisation as an investment firm
Harvest has advised Dreams Securities on its application for authorisation to conduct investment services and activities pursuant to the MiFID II and MiFIR regulations. The authorisation was granted by Finansinspektionen on 11 November 2019.
The parental company of Dreams Securities provides a digital application through which users can, for example, save for a dream that the user itself defines, such as a trip, a deposit for a house or a cushion saving. Dreams’ application is today being used by 400 000 individuals in Sweden and Norway.
Harvest has during the last two years assisted the Dreams group with legal advice on an ongoing basis. Regarding this application, Harvest’s team consisted of partners Gustav Sälgström and Björn Wendleby, and associate Rico Benavides.
Harvest has advised Fortnox Finans AB on its application for authorization as a payment institution
Harvest has advised Fortnox Finans AB on its application for authorization as a payment institution. The application was approved by the Swedish Financial Supervisory Authority on October 17 2019.
The company is part of the Fortnox Group with over 200 employees and has their head office in Växjö. The shares of the parent company are listed on NGM Nordic MTF.
Harvest’s team comprised of advokat/managing partner Björn Wendleby, senior associate Carl-Fredrik Hedengren and associate Alexandra Hagander.
Seminar: Outsourcing in the financial sector
This Wednesday Harvest and zeb Consulting hosted a breakfast seminar on the topic “Outsourcing in the financial sector”, focusing on EBA’s new outsourcing guidelines.
We would like to thank everyone who attended the seminar. Do not hesitate to contact us if you have any questions regarding your outsourcing agreements or the implementation of the EBA guidelines.
”Man arbetar nära alla partners och miljön är hjälpsam”
Vad gjorde du innan du kom till Harvest?
Jag började på Harvest direkt i anslutning till att jag tog min juristexamen på Uppsala Universitet. Jag tyckte det var roligt att arbeta extra under studietiden och hann med att vara både på Handelsbanken och Finansinspektionen.
Hur kommer det sig att du sökte till Harvest?
Mitt intresse för kapitalmarknadsrätt och finansiell reglering växte genom de erfarenheter jag fick från mina extraarbeten. Efter att jag hade läst en fördjupningskurs i aktiemarknadsrätt bestämde jag mig för att söka till Harvest som jag visste var specialiserade på området.
Vad har du fått göra dina första månader på Harvest?
Jag kastades verkligen in i verksamheten från dag ett. Mitt första klientmöte var redan första veckan, vilket kändes spännande. Jag har utöver möten hjälpt klienter med tillståndsansökningar hos Finansinspektionen, gjort kontroller av klienters verksamheter, upprättat policys och skrivit rapporter. Jag har även bistått i generella bolagsrättsliga frågor, rättsutredningar och promemorior.
Vad har hittills varit mest lärorikt?
Det som utan tvekan har varit mest lärorikt är att jag har fått insyn och förståelse för klienters verksamheter och de juridiska utmaningar de står för.
Vad har varit mest utmanande?
Det har varit utmanande att på ett bra sätt anpassa alla regler och föreskrifter till den verksamhet som klienten bedriver. Det finns ett stort antal lagar, förordningar, direktiv och föreskrifter m.m. som våra klienter ska följa, och många av dessa är i ständig förändring. Det handlar om att hjälpa klienterna att följa reglerna på den nivå som är rätt för dem.
Vad har varit roligast?
Det har varit spännande att träffa klienter redan från början och direkt få ansvar. Att få jobba nära våra partners är även kul, lärorikt och inspirerande.
Hur ser du på arbetsklimatet på Harvest?
Arbetsklimatet på Harvest är väldigt bra. Det är en god stämning på byrån och högt i tak vilket nog beror på att vi är en mindre byrå. Man arbetar nära alla partners och miljön är hjälpsam – man får stort ansvar direkt, men även hjälp när man behöver det.
Vad är din plan för framtiden?
Min plan till hösten är att fortsätta ge hundra procent på byrån och att gå delkurs 1 hos Advokatsamfundet. Förhoppningsvis är jag advokat om tre år. Målet är att fortsätta utvecklas inom området och bistå klienter med riktigt bra råd och hjälpa deras verksamheter att utvecklas.
Vad har du för tips till juriststudenter som skulle vilja söka sig till Harvest?
Mitt tips är att försöka skaffa sig erfarenhet inom området och utveckla ett intresse för branschen!
First price once again!
Harvest was given the 2019 Best Law Firm Nordics award at the Nordic Structured Products & Derivatives Conference at Grand Hotel in Stockholm.
Sedan byråns start 2016 har vi huserat i lokaler vid Norrmalmstorg. Efter en tids sökande får vi äntligen annonsera att vi från och med den 1 oktober kommer att sitta vid Engelbrektsplan 1 (”T-House”), i vackra nyrenoverade lokaler med gott om plats för arbete och möten med klienter.
Vi ser fram emot att möta dig som klient i något av våra trevliga mötesrum. Har du vägarna förbi är du välkommen in så bjuder vi på en kopp kaffe!
Harvest has advised Bankomat AB on its application for authorization as a payment institution
Bankomat is a leader in ATMs in Sweden. The Company has ATMs and CDMs in more than 500 locations in Sweden under the Bankomat brand.
Bankomat is jointly owned by the five largest banks in Sweden – Danske Bank, Handelsbanken, Nordea, SEB, Swedbank including Sparbankerna.
Harvest’s team comprised advokat/managing partner Björn Wendleby and senior associate Carl-Fredrik Hedengren.
Harvest advises CDSys on application for authorization as payment institution
CDSys AB provides a service that enables simple and efficient cash handling. With the service, customers can deposit daily cash registers in a deposit box placed with the customer, whereupon deposited value is transferred to the customer. The company also provides delivery of change in cash.
The company’s authorization contains, among other things, cash processing. This service became subject to authorization after the implementation of PSD2. The Harvest team comprised advokat/partner Anna Cumzelius and associate Rakey Renström Secka.
Harvest advises Nokas Värdehantering AB on application for authorization as payment institution
Nokas Värdehantering AB provides cash handling and processing services in Sweden. The company also owns Kontanten AB, which provides automated teller machines (ATM’s).
The company is part of the Nokas Group, a leading security group with approximately 10.000 employees and with operations in Norway, Sweden, Denmark and Finland.
The Harvest team comprised of advokat/partner Amin Bell and associate Eleonora Pavliouk.
NEWSLETTER - DATA PROTECTION
Harvest Advokatbyrå advises Catalyst Capital in financing transactions
The British real estate fund Catalyst Capital has acquired Galleria Center Syd in Skåne Löddeköpinge from Barings. The acquisition is the company's first purchase in Sweden and the Nordic region. In connection with the acquisition, Catalyst Capital was advised by Harvest regarding the financing agreement.
Harvest's team was led by Anders Malm and Gustav Sälgström and included Wictor Furman and Emelie Persson.
Harvest advises Payson AB on application for re-authorization according to PSD2
Following the implementation of the second payment service directive (PSD2) in Sweden on May 1 2018, the company was obliged to apply for re-authorization by October 31 2018, to continue its operations.
Payson AB launched its services in 2004 to offer businesses and individuals simple and secure payment solutions. The company has several million users, thousands of affiliated e-commerce companies and is part of Svea Ekonomi since 2012.
The Harvest team comprised advokat/partner Amin Bell and associate Eleonora Pavliouk.
Harvest has during the summer and fall of 2018 advised several payment institutions with applications for re-authorization at Finansinspektionen. All of them have now been granted new licenses by the Swedish Financial Supervisory Authority.
Merry Christmas & Happy New Year!
Harvest has assisted Betalo AB with its application for re-authorization according to PSD2
Harvest has assisted Betalo AB with its application for authorization (re-authorization) to operate as a payment institution. The authorization was granted on October 29.
As the second payment service directive, PSD2, was implemented in Sweden on May 1, 2018, it was required that the company, like all other existing payment institutions, applied for re-authorization by October 31, 2018, to continue its operations.
Betalo AB is a company within the fintech sector that launched its services in 2012. The company cooperates with seven Swedish banks and offers its customers, among other things, to use their cards to easily pay bills and send money, in Sweden and abroad.
Harvest team has consisted of partners Gustav Sälgström and Amin Bell and associate Linnéa Nilsson.
Harvest has during the summer and fall of 2018 received assignments from several payment institutions to assist with applications for re-authorization at Finansinspektionen.
Harvest advises Bostadskreditinstitutet Alma AB on application for authorization as a mortgage lender
Application for re-authorization according to PSD2
Harvest has assisted HSB Finansstöd with its application for authorization to operate as a payment institution with the appointment of several representatives in the form of regional HSB associations in the country.
The authorization was granted on September 11.
Harvest has previously assisted HSB Finansstöd with its first application for authorization as a payment institution, granted by Finansinspektionen in October 2017. As the second payment service directive, PSD2, was implemented in Sweden on May 1, 2018, it was required that the company applied for re-authorization by October 31, 2018, to continue its business. Harvest has therefore assisted the company with its second application, granted in September 2018.
HSB Finansstöd provides payment services for housing associations and other customers that purchase services from regional HSB associations. Through the establishment of HSB Finansstöd, coordination in HSB increases and the customer offer will be even better and safer.
Harvest team has consisted of lawyer/partner Amin Bell and associate Emelie Persson.
Harvest awarded Best Law Firm, Nordics!
Harvest Advokatbyrå yesterday took part in the Nordic Structured Products & Derivatives Conference at Grand Hôtel in Stockholm. At the awards, we had the honor to receive first prize in the category Best Law Firm, Nordics, for the second consecutive year. In addition, it is the fourth consecutive year that Anders Malm, lead partner, leads the team that is handed the first prize, as the law firm he previously worked for received the prize in 2015 and 2016.
The fact that we once again received the award as Best Law Firm, Nordics, is a verification that our services regarding financial transactions are very much appreciated by our clients. We want to thank our clients for the high rating!
Harvest assisted Bure in the acquisition of shares from financial actors
Harvest has assisted Bure Equity and its subsidiary company in the acquisition of all shares in the investment firm Meetoo AB, as well as its acquisition of 32.5% of the shares in the AIF manager Alcur Fonder AB.
Bure is an investment company publicly traded on Nasdaq Stockholm Mid Cap.
Harvest’s team consisted of partner Björn Wendleby and associate Eleonora Pavliouk.
Harvest assisted Tundra Fonder in applying to become an AIF manager
Harvest has assisted Tundra Fonder with its application for authorisation to operate as an AIF manager. The application was approved on June 29.
Tundra Fonder is a Swedish fund manager specialized in frontier markets, the emerging growth markets.
Harvest’s team consisted of senior associate Wictor Furman and associate Emelie Persson.
Harvest is assigned data protection officer for Spiltan Fonder
Harvest has during the last year participated in several projects conducted by clients to adapt to the new regulations for processing of personal data that entered into force on May 25, 2018 (GDPR). One of the services that the firm provides is to act as data protection officer (DPO).
Harvest has now been assigned data protection officer for Spiltan Fonder. The company is a fund company that also has a license as an AIF manager. The biggest private financial magazine of the Nordic countries, Privata Affärer, appointed Spiltan Fonder the fund company of the year and Spiltan Aktiefond Dalarna to the Small Value Fund of the year in February 2018.
Main responsible for the assignment is partner Anna Cumzelius.
Harvest attended DI Bank
Harvest today participated as a partner at the conference DI Bank, which took place for the eight-consecutive year. We got to listen to the visions of the managing directors of the major banks, regarding the financial sector, the opportunities of digitalization, relevant regulations and the position of new actors on the market. 350 participants from the financial sector attended the conference at Grand Hôtel.
Amin Bell, Rakey Renström Secka, Gustav Sälgström and Björn Wendleby represented Harvest at the event.
Harvest assists payment institutions in applying for reauthorization due to PSD2
The second payment services directive, PSD2, will be implemented in Sweden on May 1. The Swedish Financial Supervisory Authority (Sw. Finansinspektionen) has communicated that all existing payment institutions will be required to apply for reauthorization at the latest on October 31, 2018, to be permitted to continue its operations. Harvest has been assigned to assist in applying for reauthorization to Finansinspektionen by several payment institutions. This work will take place starting in the spring.
Further, Harvest will assist several completely new actors with their applications for authorization as a payment institution pursuant to the new legislation along the summer and fall of 2018.
Harvest’s managing partner ranks high in Chambers
Harvest’s managing partner, Björn Wendleby, has been ranked in band 2 in Chambers Europe Edition 2018 in the section Banking and Finance – Regulatory. He has previously been ranked in band 4. The guide states that “Sources praise Björn Wendleby’s “outstanding knowledge” of financial services regulatory topics. “He is able to explain complex issues in a comprehensive way that anyone can understand”, states one client.”
Chambers is the leading international actor regarding assessment and ranking of lawyers.
Harvest assisted with listing of participation loan debentures on NGM
Harvest has recently assisted with legal advice and preparation of prospectus and base prospectus for the listing of the participation loan debentures issued by The Single Malt Fund AB (publ) and Nordic Credit Partners Fund III AB (publ) at the Nordic Growth Market ("NGM").
The Single Malt Fund AB (publ) is the world's first regulated whiskey fund issuing participation loan debentures traded on a regulated market. The fund’s investment strategy means that the capital received by the issue is to be invested into rare whiskey sorts. Nordic Credit Partners Fund III AB (publ) invests in a diversified portfolio of Nordic high-yield corporate bonds.
Furthermore, Harvest has also, for the third consecutive year, assisted the Scandinavian Credit Fund I AB (publ) with the preparation of a base prospectus. The fund’s participation loan debentures are listed on NGM. The fund’s investment objective is to offer short-term and medium-term direct loans to companies and other forms of associations who are in any form of expansion, investment, restructuring, refinancing, generation financing or seasonal needs. The fund's capital amounts currently to almost SEK 1.2 billion.
Harvest's team consisted of managing partner Björn Wendleby and associate Eleonora Pavliouk.
Harvest is engaged as expert by InsureSec AB
Harvest has during 2017 become part of InsureSec’s training council. InsureSec is a self-regulation institution within the insurance mediation industry and was established by the Swedish Insurance Brokers’ Association (Sw. Svenska försäkringsförmedlares förening) and a majority of the leading life insurance companies. The assignment means that Harvest will attend to the meetings of the training council where, among other things, license issues and knowledge requirements will be discussed. Harvest will also assist in the ongoing work with updating the knowledge requirements because of amendments in the legislation regarding insurance brokers, for example in relation to the implementation of IDD during the fall of 2018.
Harvest’s team in the training council consists of partner Amin Bell and senior associate Wictor Furman.
Harvest assisted Alnair with its application to become an investment firm pursuant to MiFID II
On January 3, 2018, new legislation enters into force due to the MiFID II directive and the MiFIR regulation, which affects, inter alia, investment firms and market places. The new legislation means that actors that were previously not required to apply for authorization to conduct certain operations will now be required to do so. One of these actors is Alnair, whose operation relates to trading financial instruments on behalf of the own company, which is conducted in the form of algorithmic high-frequency trading.
Harvest has assisted Alnair with its application for authorization to conduct investment services and activities pursuant to the regulations in MiFID II and MiFIR. The application was approved on December 20, 2017.
Harvest’s team consisted of partner Gustav Sälgström and associate Eleonora Pavliouk.