24.10.2016

AIG – Protecting Clients from Cyber Risks

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We provide comprehensive legal expertise to AIG’s CyberEdge policy holders in cases related to cyber risks. CyberEdge is an insurance policy that helps to mitigate not only the potential financial impacts of a data leak, loss or breach, but also the reputational and IT impacts. This is because CyberEdge combines traditional insurance cover with professional consultancy from legal, communications and IT points of view.

Our experts continually assist our clients both in pre-emptive measures and in situations where a data breach has occurred in order to minimise the damage resulting from the incident. The other partners in the CyberEdge product are Nixu Oy and Pohjoisranta Burson-Marsteller.

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Latest references

Efima – Sale of AI business

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HANZA – Acquisition of Fortaco Finland’s heavy mechanics and assembly business

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We acted as Finnish counsel to RVRC Holding AB (RevolutionRace) in its acquisition of 90.1% of the shares in ICANIWILL AB (ICIW). Mannheimer Swartling (Sweden) acted as lead counsel for RevolutionRace. ICIW, founded in Sweden in 2012, is a Swedish training apparel brand. RevolutionRace is a fast-growing Swedish outdoor brand offering multifunctional products to people with an active lifestyle. The company operates with a digital D2C business model reaching customers in approximately 40 countries. The company is listed on Nasdaq Stockholm since 2021.

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We advised Efima Oyj on the sale of its financial management services business to Rantalainen as part of its strategic focus on fully concentrating on the delivery of business applications as well as data and AI solutions. As a result of the transaction, customer contracts related to financial management services and 65 experts working in these services will transfer to Rantalainen. The transaction will be carried out as a transfer of business, and the experts will move to the new owner as existing employees. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.

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