Nation's business warms up to Asian investments
The Swedish business community is warming up to Asian investments following the success of high-profile acquisitions, enabling more Asian partnerships to flourish in Sweden.
The Swedish business community is warming up to Asian investments following the success of high-profile acquisitions, enabling more Asian partnerships to flourish in Sweden.
"The Chinese acquisition of Volvo has proven that Chinese companies can be a good owner of a traditional Swedish company," says Joakim Edoff, executive partner at Setterwalls and Swedish Bar member.
"This is also evident in other sectors. The business community now regards Asian companies as tough competitors and as good business partners on par with European and American companies."
As the oldest law firm in Sweden, and among the top three in corporate practice, Setterwalls has shepherded milestone transactions involving Asian investors such as Samsung, Beijing Automotive Industry, Huawei and Sany. Embracing clients and partners as family, Setterwalls ensures that every client benefits from the depth and breadth of the firm's experience.
With its full-service approach and knowledge management practices, it is the preferred legal partner in mergers and acquisitions, dispute resolution and the framing of intellectual property agreements.
"The technology sector - information technology and communications in a broad sense - is the driver for innovation and has the biggest future in Sweden," Edoff says.
Opportunities are also rife within tourism and core Swedish industries such as vehicle, shipping and logistics.
Noting increasing investment flows and the special needs of Asian investors, Setterwalls has established a China Desk with lawyers particularly competent in the cultural and language aspects of Asian deals.
The China Desk nurtures relationships with clients and high-profile law firms in Asia through frequent visits and close collaboration on industry-specific developments, to ensure top-class legal service for both.
As more Asian investors and businesses look to Sweden, not only is insightful legal advice essential to successful business dealings, "it is important to obtain local advice at an early stage to avoid spending time and money on the wrong pursuits", Edoff says.
http://www.setterwalls.se