Advertising & Marketing(en) Archives - Castrén & Snellman

Oomi – Assistance with electricity market matters

We help clients navigate complex advertising rules.

Clients engage our IP specialists in matters related to advertising, marketing and consumer law, comparative advertising, strategic IP issues, packaging and labelling requirements, and product liability and recalls.

Our team regularly advises clients on various matters related to social media, sales promotions, environmental and health claims, greenwashing, misleading advertising and unfair business practices.

Latest references

Gasum – Acquisition of Hærup Biogas

We advised Gasum Oy in its acquisition of 100% of the shares in Hærup Biogas ApS, which owns and operates a biogas plant in the northern part of mainland Denmark. This acquisition marks Gasum’s first biogas plant in Denmark, expanding its biogas production portfolio. Gasum’s strategic goal is to bring seven terawatt hours of renewable gas to the Nordic market yearly by 2027. The acquisition is one step towards achieving the strategic goal. Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers.

Neste – EUR 150 million Green Term Loan

We advised Neste as it signed a EUR 150 million bilateral green term loan agreement with Danske Bank A/S, Finland Branch. The proceeds of the loan will be used to finance eligible assets and projects in accordance with Neste’s Green Finance Framework. The loan has a tenor of 24 months with one 12-months extension option of 12 months. Neste published a renewed Green Finance Framework in February 2024 to align future financing activities with market best practices and standards. In addition to renewable and circular solutions, Neste’s renewed framework includes renewable energy as an investment category. Longer term actions on ourNeste’s climate roadmap include scaling up new technologies and innovations, with focus on renewable hydrogen. Renewable hydrogen and other new technologies are estimated to have a reduction potential of 20% or more of the 2019 scope 1 &and 2 emission baseline by 2030.

Neste – EUR 200 million Green Term Loan

We advised Neste as it signed a EUR 200 million bilateral green term loan agreement with UniCredit Bank Austria AG. The proceeds of the loan will be used to finance eligible assets and projects in accordance with Neste’s Green Finance Framework. The loan has a tenor of six years. Neste published a renewed Green Finance Framework in February 2024 to align future financing activities with market best practices and standards. In addition to renewable and circular solutions, Neste’s renewed framework includes renewable energy as an investment category. Longer term actions on Neste’s climate roadmap include scaling up new technologies and innovations, with focus on renewable hydrogen. Renewable hydrogen and other new technologies are estimated to have a reduction potential of 20% or more of the 2019 scope 1 and 2 emission baseline by 2030.

Fortum – Sale of recycling and waste business

We are acting as the lead counsel to Fortum in a cross-border transaction in which Fortum is selling its recycling and waste business. The business is sold to thematic impact investing firm Summa Equity through its portfolio company NG Group. The debt-free purchase price is approximately EUR 800 million. The transaction is subject to authority approval and customary closing conditions. Fortum’s recycling and waste business to be sold comprises municipal and industrial waste management and end-to-end plastics, metals, ash, slag and hazardous waste treatment and recycling services. These businesses are located in Finland, Sweden, Denmark and Norway and currently employ approximately 900 employees.

Latest insights

4.10.2024 – Environment, Energy & Green Transition Government proposal for an act on offshore wind power in the exclusive economic zone submitted to Parliament

Marius af Schultén

Helinä Teittinen

Kanerva Sunila

Marius af Schultén, Helinä Teittinen & Kanerva Sunila

27.5.2024 – International Construction & Projects Draft proposal on the new act on offshore wind power in the exclusive economic zone sent out for comments

Samuli Tarkiainen

Kanerva Sunila

Helinä Teittinen

Sonja Leinonen

Samuli Tarkiainen, Kanerva Sunila, Helinä Teittinen & Sonja Leinonen

22.4.2024 – Tax & Structuring New green transition investments in Finland to receive up to EUR 150 million tax credit per project

Mikko Alakare

Janne Juusela

Samuli Tarkiainen

Jarno Tanhuanpää

Mikko Alakare, Janne Juusela, Samuli Tarkiainen & Jarno Tanhuanpää

2.2.2024 – Environment, Energy & Green Transition Solar and wind power projects affected by amendments to the Act on Expropriation Permits

Sonja Leinonen

Sonja Leinonen

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