Regulatory Investigations and Disputes(en) Archives - Castrén & Snellman

Regulatory Investigations and Disputes

Disputes relating to data protection and data regulation are on the rise. We offer you a team with a solid experience in authority proceedings and disputes in the field of data protection and regulation.

The increasing value of personal and other data also means that contracting parties are becoming more vigilant in protecting their interests, and people are more aware of their rights with respect to data processing. Sometimes the parties’ interests and rights intersect to such an extent that it is necessary to resort to dispute resolution procedures.

Our highly experienced experts regularly assist clients in administrative, civil and criminal proceedings. We have received a great deal of praise from clients for our efficient and skilled handling of proceedings and our wide range of expertise and understanding of regulation, technology and business.

Latest references

Aktia Bank – EUR 80 million AT1 bond

We advised Aktia Bank Plc on the issuance of an EUR 80 million Additional Tier 1 (AT1) bond. The bond pays a fixed interest rate of 6.75 per cent semi-annually. The bond is perpetual, and Aktia has the right to redeem or repurchase it in accordance with the terms of the bond, subject to certain conditions. The bond was issued on 1 April 2026. In addition, we assisted Aktia in listing the bond on the Nasdaq Helsinki Ltd stock exchange. For the listing, we prepared Finland’s first EU Follow-on prospectus for a bond. The EU Follow-on prospectus was introduced on 5 March 2026 with an update to the Prospectus Regulation (EU) No. 2017/1129. The EU Follow-on prospectus is a new type of prospectus that can be used, among others, by issuers whose securities have been admitted to trading on a regulated market continuously for at least the 18 months preceding the offer to the public or the admission to trading on a regulated market of the new securities. A follow-on prospectus is simpler than a so-called traditional prospectus, and it is intended to avoid repeating information that the issuer has already disclosed. Nordea Bank Abp acts as the sole structuring advisor for the issue of the Notes. Nordea Bank Abp, Danske Bank A/S and ABN Amro Bank N.V. act as the lead managers for the issue of the Notes.

S-Bank – Issuance of EUR 150 million SNP notes and tender offer for notes maturing in 2026

We advised S-Bank Plc in its issuance of a EUR 150 million Senior Non-Preferred Notes and on the tender offer of its EUR 150 million Senior Preferred MREL Eligible Notes maturing in 2026. The tender offer required prior approval from the Finnish Financial Stability Authority based on the Commission’s regulatory technical standards (EU) 2023/827. The Stability Authority granted S-Bank a permission for repurchases of the notes. Based on the permission, S-Bank replaced the notes with own funds or eligible liabilities instruments of equal or higher quality at terms that are sustainable for the income capacity of S-Bank. According to the final tender offer results published on 10 December 2025, S-Bank repurchased a total of EUR 97.9 million of the notes. The new notes will pay a floating interest rate, which is determined based on 3-month Euribor added with a margin of 1.35 per cent. The notes were issued on 11 December 2025 and listed on Nasdaq Helsinki Ltd. The maturity date of the notes is 11 December 2029. The purpose of the issue was to meet the minimum requirement for own funds and eligible liabilities (MREL) and to finance the bank’s activities.

Ålandsbanken – Consent solicitation process regarding T2 instruments and issue of SEK 350 million AT1 notes

We advised Ålandsbanken Abp in the consent solicitation process regarding its SEK 150,000,000 Tier 2 notes due December 2041 and SEK 200,000,000 Tier 2 notes due March 2043. The terms and conditions of the aforementioned instruments were amended by removing the write-down mechanisms in the consent solicitation process. In addition, we advised Ålandsbanken Abp on the issue of SEK 350 million Additional Tier 1 notes. The notes bear floating interest at the rate of STIBOR three months plus a margin of 3.35 per cent per annum. The AT1 notes were issued on 20 November 2025, and admitted to trading on the official list of Nasdaq Helsinki Ltd. The instrument has no maturity date and qualifies as Additional Tier 1 capital in accordance with the EU Capital Requirements Regulation. The issue strengthens Ålandsbanken’s capital structure by taking advantage of favourable market conditions.

Neste – EUR 500 million refinancing arrangement

We advised Neste Corporation on the refinancing of its EUR 500 million term facility by way of two EUR 250 million bilateral term facilities provided by OP Corporate Bank plc and Danske Bank A/S, Finland Branch. Each term facility has a maturity of three years with extension options.

Latest insights

21.5.2025 – Banking & Finance Sustainable finance reimagined: What you need to know about the 2025 updates to green, social, and sustainability-linked loan principles

Minna Korhonen

Anna-Sofia Alahuita

Minna Korhonen & Anna-Sofia Alahuita

28.6.2024 – Capital Markets & Public M&A CRD 6 has been published: New requirements for M&A transactions and other reorganisations in the banking sector

Hannu Huotilainen

Karlo Siirala

Hannu Huotilainen & Karlo Siirala

30.3.2026 – Competition & Procurement Finnish FDI screening under reform — Update following the stakeholder consultation

Kiti Karvinen

Johanna Kyllöinen

Joachim Wik

Kiti Karvinen, Johanna Kyllöinen & Joachim Wik

3.3.2026 – Employment The threshold for dismissal is lowered: what should be taken into account in practice?

Aleksandra Särkelä

Aleksandra Särkelä

Search from the site.