Harvest has advised Truepenny Capital Management AB on its application for authorisation as an investment firm. The company has been granted a license to provide portfolio management and will manage the fund Truepenny Global Macro.

Truepenny's CEO, Thomas Lönnerstam: " Truepenny Global Macro is using an absolute return strategy focusing on stable risk and inflation. The objective is for the returns to have a low correlation with other asset classes including other hedge funds. We would like to thank Harvest for their thorough work and dialogue."

The license was granted by the Swedish Financial Supervisory Authority on 18 April 2024.

Harvest's team consisted of Gustav Sälgström, Advokat/Partner, Rico Benavides, Advokat/Senior Associate, David Bergin, Senior Associate, and Axel Schelén, Associate.

We are delighted to announce that Harvest Advokatbyrå has once again been ranked as one of the best law firms in Sweden for Banking and Finance, and Fintech by The Legal 500 EMEA.

In addition to recognizing the firm, The Legal 500 EMEA 2024 has also recommended a number of Harvest’s attorneys.

In Banking and Finance, Björn Wendleby is listed as a Leading Individual for another year in a row, while Gustav Sälgström is once again recommended. This year, Liselotte Calander and Niklas Sinander enter the ranking tables as recommended lawyers.

In Fintech, Anna Cumzelius and Amin Bell are recommended for another consecutive year. In the 2024 edition, they are joined by Niklas Sinander, who becomes recommended in this field.

We would like to sincerely thank our clients, team members, business partners, and peers. This recognition lends credence to the team’s growing capabilities in delivering excellence in both Banking and Finance, and Fintech services.

Our clients say this about the Harvest team:

‘The team stands out due to its exceptional expertise and dedication. They differentiate themselves from competitors through their in-depth knowledge of the industry and innovative problem-solving. Their ability to see reality from a client’s perspective is valuable.’

‘There is wide competence within the organisation and the team has a great understanding of both business and legal requirements.’

‘Fantastic knowledgeable people with integrity and willingness to deliver beyond expectations.’

‘They have specialists in various fields, including ESG and general compliance issues in the financial sector.’

‘The number one law firm within fund-related matters with unique contacts and a unique approach.’

For further details on the firm’s rankings, please click here: https://www.legal500.com/firms/18204-harvest-advokatbyra/24747-stockholm-sweden/#section-4155446

We are pleased to announce that Chambers and Partners, in its Chambers Europe 2024 guide, has once again ranked Björn Wendleby in Band 1 for Banking and Finance: Regulatory.

Chambers Europe has been recommending Björn for 11 consecutive years, including seven years in Band 1. This recognition reflects the team’s breadth and depth of expertise in banking and finance regulation.

We are delighted to share some comments from our clients about Björn:

• "Björn Wendleby has long-standing experience within his field. He is a good partner to discuss situations, questions, and problems with."
• "He is number one in this area in Sweden, and he is very service-minded."
• "He is very interested and knowledgeable about our business. This really sets him apart compared to other lawyers; he is good at understanding business and the legal aspects that matter to us."

Chambers Europe ranks the top lawyers and law firms across Europe, providing indispensable insights, and market intelligence for law firm clients as well as legal professionals.

For further details on the firm’s rankings, please click here.

Gustav Sälgström has over 17 years of experience in financial regulatory matters and has worked both at securities companies and law firms. Gustav began his career at Alfred Berg Kapitalförvaltning and subsequently worked at a number of law firms prior to forming Harvest together with Amin Bell, Björn Wendleby and Anna Cumzelius almost eight years ago.

"I am grateful for the trust placed in me to lead Harvest going forward, and it is inspiring to take over from Amin and Björn who worked diligently to take the law firm to the position it holds today. Our client base is broad and we work with most of the participants in Sweden's financial sector. We have also nurtured close collaboration with major international law firms assisting a number of the largest global players. In recent years, we have sharpened our focus in the insurance sector whilst at the same time widely cultivating and growing the services that we offer to asset managers and the Fintech sector." commented Gustav Sälgström, Managing Partner at Harvest Advokatbyrå.

In spite of the severe economic climate in 2023, Harvest still recorded its best year in terms of sales revenue. The law firm continues on its upward trajectory and is now approaching 30 employees. Harvest has a strong position in respect of financial regulation and further growth is forecast.

"In recent years, sustainability issues have been a priority for our clients and now we see that information security and the implementation of DORA will be a considerable and fundamental challenge for our clients in the coming year. More and more employees will be working on larger projects connected to DORA, and we predict that this area will continue to grow. Additionally, an essential task will be to retain the strong team that Harvest has built up in recent years. Our employees are highly sought after in the finance sector and by our competitors, so one of our objectives is to keep everyone satisfied and happy." said Gustav Sälgström.

"Three eventful years have passed since I took over the role of Managing Partner in 2021. We have grown from 14 employees to close on 30 which naturally places high demands on not only the management of the law firm but also our lawyers. We have strived to strengthen the services offered and the rewards are tangible in terms of our revenue streams and the fact that we have been ranked by larger institutions in recent years. As well as our organic growth, I am delighted to say that we have also doubled the size of our premises. I am handing over the reins to Gustav with the utmost confidence and I'm in no doubt that he will do an excellent job." said Amin Bell.

About Harvest Advokatbyrå

Harvest Advokatbyrå offers comprehensive legal advice for companies that conduct or plan to conduct activities that require a permit. The law firm assists banks, fund companies, securities companies, payment institutions, insurance companies and other entities, active in the financial sector in Sweden and abroad, with compliance, internal auditing, authorisation matters, financing, and capital market transactions.

For further information:

Gustav Sälgström, Managing Partner
Mobile: +46 76 - 149 73 00
Email: gustav.salgstrom@harvestadvokat.se

Harvest has advised Zplit Payments AB on its application for authorisation as a consumer credit institution (brokerage). The company was founded in 2023 by Anni Mowlid, an entrepreneur and founder of Cardia AB which offers services for streamlining car sales between buyers and sellers.

Anni Mowlid: ”We founded Zplit with the goal of building a smooth service for car dealers when buying or selling cars. By combining Zplit's service with Cardia's platform, car dealers get a comprehensive solution for their business. Car dealers can e.g. create sales agreements with digital signature, make a change of ownership and finance the car in the same platform.”

The authorisation was granted by Finansinspektionen on 5 October 2023.

Harvest's team comprised Amin Bell (Advokat/Managing Partner) and Amanda Kvarnerås (Associate).

Harvest has advised Evisens Securities Services AB on its application for authorisation as a discretionary portfolio manager. The company is an investment firm that is already licensed to provide, inter alia, investment advice.

The authorisation was granted by Finansinspektionen on 11 October 2023.

Evisens Securities Services AB:s CEO Carl-Filip Strömbäck: The new license will increase our ability to provide high-quality and cost-effective institutional management even for customers with fewer administrative resources.

Harvest's team consisted of partner Björn Wendleby, senior associate Malin Björklund and associate Ellen Jakobsson.

Harvest has advised Homewest AB on its application for authorisation to operate as an mortage credit intermediary. The application was approved by the Swedish Financial Supervisory Authority on 4 October 2023.

Homevest AB´s CEO Erik Edin: The purpose of the company's operations is to help residents of Sweden, mainly expats, migrants and holiday home buyers, to apply for a mortgage when buying a home in Spain. Through the permit we have now received, we can simplify and enable property purchases in Spain through the brokerage of mortgage loans to people who are residents of Sweden..

Harvest’s team comprised of partner Björn Wendleby, senior associate Richard Engblom and associate Amanda Kvarnerås. 

Harvest has advised Simplicity AB on its application for authorisation as a discretionary portfolio manager. The company has previously been authorised as a fund manager.

The additional licence also includes the authorisation to provide investment advice. The authorisation was granted by Finansinspektionen on 23 August 2023.

Harvest's team consisted of partner Björn Wendleby, senior associate Rico Benavides and associate Amanda Kvarnerås.

Harvest has advised Xbaht AB on its application for license to provide payment services as a payment institution. The company was founded in 2016 and was previously a registered payment service provider.

Xbaht AB's CEO, Michael Andersen: ”We formed Xbaht AB with the objective to offer a remittance service for persons with Thai origins living in Sweden. We initiated the activities as a direct result from difficulties to send money to friends and family in Thailand, as we experienced unreasonably long transaction times and expensive payment solutions. We are excited to continue our efforts with the ability to grow as a payment institution."

The authorisation was granted by the Swedish Financial Supervisory Authority on the 16th of February 2023.

Harvest's team consisted of Amin Bell, Advokat/Managing Partner and Axel Schelén, Associate.

Harvest has advised AddEqt AB on its application for authorisation to conduct investment services. The company will offer the following investment services: reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, portfolio management and investment advice.

AddEqt’s CEO, Christoffer Mohammar: “AddEqt will offer customer-focused, market-leading, up-to-date and sustainable financial advice and wealth management as well as private banking through co-operations. Swedish investors require a financial actor that is truly having the best interest of the customer as its compass, while also conducting its business in a modern and sustainable manner. This will be AddEqt.”

The authorisation was granted by Finansinspektionen on 20 February 2023.

Harvest’s team consisted of partners Gustav Sälgström and Björn Wendleby.

Harvest has advised Fidante Partners AB on its application for authorisation to conduct investment services. The company will offer the following investment services: reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients and investment advice. The authorisation was granted by Finansinspektionen on 12 December 2022.

Harvest's team consisted of partner Björn Wendleby and associate Axel Schelén.

Harvest has advised Inverde AB on its application for authorisation to conduct investment services. The company will offer the following investment services: reception and transmission of orders in relation to one or more financial instruments, execution of orders on behalf of clients, portfolio management and investment advice. The authorisation was granted by Finansinspektionen on 14 November 2022.

Harvest's team consisted of partner Björn Wendleby and associate Axel Schelén.

Harvest has advised Protean Funds Scandinavia AB on its application for authorisation to conduct investment services. As portfolio manager, the company will manage the hedge fund Protean Select. The authorisation was granted by Finansinspektionen on 5 September 2022.

Harvest's team consisted of partner Anna Cumzelius and senior associate Per Josephson.

Chambers & Partners has published its yearly rankings for European top law firms and lawyers. We are very pleased to announce that Björn Wendleby, founding partner at Harvest Advokatbyrå, now has been ranked in band 1 in the category Banking & Finance Regulatory in Sweden. More information about the ranking can be found at https://chambers.com/lawyer/bjorn-wendleby-europe-7:643424

Harvest has advised Freetrade Europa AB on its application for authorisation to conduct investment services and activities pursuant to MiFID II and MiFIR. The authorisation was granted by Finansinspektionen on 22 February 2022.

Since its launch in October 2018, the Freetrade group has grown to more than 1,2 million registered users of the group's trading app.

Harvest has during the last two years assisted the Freetrade group with legal advice on an ongoing basis. Regarding this application, Harvest’s team consisted of partners Anna Cumzelius and Björn Wendleby, senior associate Rico Benavides and associate Josefine Syrén.

Harvest has advised Tidan Capital AB on its application for authorisation to operate as an AIF manager. The application was approved by the Swedish Financial Supervisory Authority on 2 July 2021.

Harvest’s team comprised of partner Björn Wendleby, senior associate Rico Benavides and associate Semir Omerbasic. 

Harvest has advised Boden Capital AB on its application for authorisation to operate as an AIF manager. The company started its operations on 1 June 2021.

Harvest’s team comprised of partner Björn Wendleby, senior associate Rico Benavides and associate Semir Omerbasic.

Harvest has advised Nyhavn Capital AB on its application for authorisation to operate as an AIF manager. The application was approved by the Swedish Financial Supervisory Authority on 23 April 2021.

Harvest’s team comprised of partner Björn Wendleby, senior associate Rico Benavides and associate Semir Omerbasic. 

Chambers & Partners has published its yearly rankings for European top law firms and lawyers. We are pleased to announce that Björn Wendleby, founding partner at Harvest Advokatbyrå, once again has been ranked in band 2 in the category Banking & Finance Regulatory in Sweden.

Amin Bell has worked with financial regulation since 2007, initially in banking and at a law firm from 2009. Amin formed Harvest Advokatbyrå seven years later along with Anna Cumzelius, Gustav Sälgström and Björn Wendleby. He will now steer the continual development of the law firm's services; primarily with regard to financial regulation. This entails continuing to gain further ground in advising within the fintech sector, an area in which Harvest has made substantial efforts over the past five years regarding key players that primarily work with payment services and credit.

“Björn has worked selflessly and with considerable success to establish the agency and the brand from its conception,” said Amin Bell, and regarding Harvest, commented, “Basically, we work with all Swedish operators in the financial sector and many large international institutions. We have also broadened our collaboration with other law firms both at home and abroad. I am very proud and delighted to have received this assignment, and, at the same time, I feel a high degree of humility regarding the task ahead.”

In spite of all the challenges that 2020 entailed, Harvest had its best year in terms of results. The firm is continuously growing and currently has 19 employees. However, even if you would like to grow with a few new employees every year, the goal is not to become a large firm. The plan is for Harvest to continue to have its niche in banking and finance, and financial regulation. The Fintech sector is important, however, and Harvest is also aiming at joining as a panel law firm with even more large operators including banks, as inevitably new exciting areas will come to the fore.

“One such area where we see real potential lies within sustainability. For some years now, substantial efforts have been focussed on sustainability regulation, and we are now noticing there is an influx of cases in that regard. We already assist a large number of key players with implementation projects and it is inspiring to receive that level of trust now and for the future regarding the comprehensive regulation changes in this area.” said Amin Bell.

Amin Bell’s succession as Managing Partner took effect on 1 March, 2021.

About Harvest Advokatbyrå

Harvest Advokatbyrå offers comprehensive legal advice for companies that conduct or plan to conduct activities that require a permit. The law firm assists with compliance, internal audit, authorization matters, financing and capital market transactions for clients in Sweden and abroad. Clients include banks, fund companies, investment firms, payment institutions, insurance companies and other operators in the financial sector.

For further information:

Amin Bell, Managing Partner
Mobile: 076 - 135 98 00
Email: amin.bell@harvestadvokat.se

Harvest has advised Invoier AB on its application for authorisation as a payment institution. The application was approved by the Swedish Financial Supervisory Authority on November 11 2020.

Invoier’s goal is to launch invoice trading for a number of various operators. The company intends to, among other things, establish a marketplace for invoice purchases.

Harvest has also assisted Receivable Nordic AB, a subsidiary of Invoier, with its registration as a so called financial institution. Finansinspektionen decided to register the Company on November 18 2020.

Harvest has been approved as an associate member of Swesif. Swesif is an independent non-profit forum for organisations active in the field of sustainable finance in Sweden. Swesif has its purpose in sustainable investments and its mandate in the breadth and representativeness of its members.

Harvest works actively with the regulation for sustainable finance and we look forward to joining the network that Swesif enables.

Harvest has been approved as an associate member of SweFinTech, an industry association for Swedish FinTech companies. We look forward to working with SweFinTech and to establish contact with member companies to accommodate their interests.  Harvest is a law firm specialized in financial regulation and provides advice to several FinTech companies within payments and credits as well as fund management. Therefore, we hope to share our experiences with the association and its members.

Harvest has advised Ability Asset Management Scandinavia AB on its application for authorisation to operate as an investment firm. The application was approved by the Swedish Financial Supervisory Authority on 16 April 2020.

The Harvest team was led by partner Gustav Sälgström, with support from senior associate Mikaela Reinhammar and associate Alexandra Hagander.

Chambers & Partners har published its yearly rankings for European top law firms and lawyers. We are pleased to announce that Björn Wendleby, partner at Harvest Advokatbyrå, has been ranked in band 2 in the category Banking & Finance Regulatory in Sweden.

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. 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 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. 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.

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.

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!

Harvest was given the 2019 Best Law Firm Nordics award at the Nordic Structured Products & Derivatives Conference at Grand Hotel in Stockholm.

#SRPnordics #bestlawfirmnordics

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!

Välkommen!

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.

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.

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.

Press this link to access the newsletter (only available in Swedish).

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.

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.

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 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 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!

2018-08-13

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.

2018-07-02

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.

2018-06-08

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.

2018-05-23

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.

2018-04-01

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.

2018-03-09

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.

2018-02-02

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.

2018-01-03

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.

2017-12-21

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.