Smarter Contracts – Registration of the first non-EU data intermediation service in Finland

Smarter Contracts – Registration of the first non-EU data intermediation service in Finland

Every organisation should understand how data protection legislation affects its operations and how personal data can be leveraged in business.

We assist our clients extensively in all matters relating to data protection legislation and contractual matters as well as in cross-border data transfers and conduct data audits of current processes. . Our clients benefit from our advice on how to account for data security risks and liabilities in contracts, business transfers, outsourcing, system integrations and subcontractor management.

If your company suffers an incident, we can help you make the legally required notifications to the authorities without delay and plan a strategy to minimise potential consequences and harm.

We offer tailored training, among other things, on what data protection officers, data controllers and processors should know about personal data processing and data breaches as well as what lawyers should know about the GDPR and data protection impact assessments.

Our clients appreciate our technical expertise and business-oriented approach. We have advised government operators as well as private companies.

Our services include

  • Data protection inspections, reports and impact assessments
  • Contractual matters concerning personal data
  • Managing data security risks
  • Handling security incidents
  • Reports to the Office of the Data Protection Ombudsman
  • Assessing the applicability of special legislation in different fields and determining necessary changes
  • Extensive reviews on legislative issues
  • Supervision of interests and strategic advice in legislative projects
  • Providing training and facilitating workshops on data protection

Latest references

We assisted Smarter Contracts Ltd in the process where the Finnish Transport and Communications Agency Traficom confirmed it to be an EU-recognised data intermediation service. Non-EU companies must have a legal representative in some EU country so that they can offer data intermediation services in accordance with the Data Governance Act. Smarter Contracts is based in Great Britain and selected Finland for the task. Smarter Contracts is the first non-EU data intermediation service registered by Traficom. Wayne Lloyd, Founder & CEO of Smarter Contracts, remarked:  The support from the Castrén team was exceptional from start to finish. Pioneering new territory is never without its challenges, and as the first non-EU data intermediation service provider, we faced significant legal uncertainties. Despite these complexities, the Castrén team expertly guided us through each step with remarkable efficiency, providing the certainty we needed. Smarter Contracts leverages its proprietary Pulse Permissions Protocol® to deliver advanced consent and access rights management services. This milestone highlights Castrén & Snellman’s proficiency in navigating intricate regulatory landscapes, whilst recognising the relevance of Smarter Contracts’ innovative approach to secure, compliant data management.
Case published 11.12.2024
We assisted Pharmaca Health Intelligence in its acquisition of Mediaattori Ltd’s PODIUM Connect® and PODIUM Visits businesses. Through the acquisition, Pharmaca Health Intelligence strengthens its extensive service offerings in medical information, data-driven management, and education for both healthcare and pharmaceutical companies. Pharmaca Health Intelligence is a pioneer in digital medical information and a reliable partner for wellbeing services counties, the private healthcare sector and pharmacies. The company invests in the development of technology and service solutions related to pharmaceutical information, also on an international scale.
Case published 5.12.2024
We advised WithSecure Oyj in the sale of its open source data collection product and business to Patria Oyj. The divested business combining software and services falls outside WithSecure’s current strategy. Through the sale, WithSecure sharpens its focus on the Elements portfolio. WithSecure is a global cyber security company (listed on NASDAQ OMX Helsinki) with more than 35 years of industry experience. WithSecure offers partners flexible commercial models, ensuring mutual success across the dynamic cyber security landscape. Patria is an international company in the defence and security industry offering defence, security and aviation life cycle support services and technology solutions. As a result of the transaction, Patria will open a new office in Oulu and 10 WithSecure experts currently working in the business area will join Patria. 
Case published 30.9.2024
We advised Andritz Oy, a part of ANDRITZ group, with their acquisition of all the shares in Procemex Oy. The acquisition further strengthens ANDRITZ’s automation and digitalisation portfolio. Procemex is a global leader in integrated web monitoring and web inspection solutions for the pulp and paper industry. It has a team of more than 100 vision systems experts and has subsidiaries in Germany, Japan and the US. ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydropower and Environment & Energy. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries.
Case published 18.7.2024