Published
08/04/2024
Morris Law has been the legal advisor to the owners of Brandsanering Avfuktningsteknik Väst AB in connection with Ocab Sydost AB’s acquisition of all shares in the company.
Brandsanering Avfuktningsteknik AB is a comprehensive provider within damage restoration services and has, since its founding over 35 years ago, established itself as one of the market-leading actors in fire, water, and moisture restoration in Western Sweden.
Ocab is market-leading in damage management in the Nordic region with over 2,300 employees in Sweden, Norway, and Denmark and an annual turnover of over three billion Swedish kronor. Ocab is part of the Oleter Group.
Morris Law's team consisted mainly of Kalle Lind Ericsson, Racine Ashjari and Per Nylander.
Morris Law has acted as legal advisor to Åhléns Group in connection with the company’s successful issuance of senior secured bonds in the amount of SEK 500 million, under a framework of up to SEK 1 billion. The bonds have a tenure of three and a half years and carry interest at STIBOR 3 months plus 5 percent per annum.
Pursuing a dispute always involves financial risk – even when the case is strong. It also places pressure on a company’s liquidity throughout the process. As a result, many companies choose to abandon even well-founded claims. Through our collaboration with Litigium Capital, we offer flexible pricing models that make it possible to pursue legal proceedings without bearing the full cost yourself. You retain control of the process – we share the risk.
Morris Law has entered into a collaboration agreement with legal financing company Litigium Capital for the financing of disputes. The agreement, likely the first of its kind in the Nordic region, means that Litigium Capital will invest in a portfolio of disputes managed by Morris Law on full or partial contingency (under a success-based fee model).