30.6.2020

Never Miss a Crisis

As we approach the summer holidays here in Finland, nature is at its most beautiful, and it is easy for one’s thoughts to turn to the lighter and more pleasant sides of life. The reality, however, is that we are still living in a time of crisis, albeit one that has come to a crossroads—at least in Finland. As we begin a gradual return to normal, the temptation to go back to old ways of doing things is strong, but we need to ask ourselves what we can learn from this crisis. When at a crossroads, it is important to pick a road that leads somewhere better.

During the crisis this spring, organisations transformed themselves into virtual workplaces with astonishing speed. It quickly became clear that working as an expert is not tied to time or place. Nevertheless, I still believe that a unified team draws its strength from human encounters and a sense of community. Human interaction is the glue that keeps an organisation together and on its feet.

From the perspective of leadership, the crisis has clarified decision making by putting priorities into sharp relief. When the view forward is foggy, you have no choice but to focus on fundamentals and push aside the unnecessary. You have to communicate often, clearly and openly–to tell the truth, even when it is unpleasant. You also have to have the courage to say you don’t have the answers and that the future is uncertain. These principles are certainly applicable at any time.

We spend much of our lives at work, which is why it is so important to develop work sustainably. This is one area that the pandemic could help point the way to something better. Commercial law is a hectic business, and working as a business lawyer can at times be very intense. At Castrén & Snellman, we have put a great deal of time and effort into helping our ambitious employees make their day-to-day lives as balanced as possible, even when they find themselves having to juggle work with family life. I believe that the crisis will help us find many good solutions as we move forward.

The personal and economic price of the pandemic is huge. When rebuilding our society and economy, it is important that we don’t just repair old structures but renew them. We need to work towards a more sustainable, environmentally friendly and responsible future. Let’s make sure that the cost of this crisis is not wasted, but that we use it in a way that will enable us to meet the next crisis stronger than ever.

Latest references

We advised lead investor Ugly Duckling Ventures on the EUR 6.5 million funding round of Skyfora. The round also included Eviny Ventures, LUMO Labs and EIC Fund, alongside non-dilutive funding from Business Finland. The investment will support the commercial scale-up of Skyfora’s weather intelligence solutions, the expansion of partnerships with telecom operators, forecasting providers and meteorological institutions, and the continued growth of the team. Skyfora is a Finnish company developing high-resolution weather data solutions using patented technology that extracts atmospheric data from GNSS receivers embedded in existing infrastructure, such as telecom networks. By unlocking previously untapped data sources, Skyfora enables the next generation of AI-driven weather forecasting and supports improved decision-making across weather-sensitive industries. Ugly Duckling Ventures is a Copenhagen-based venture capital firm focused on early-stage Nordic B2B technology companies, with an emphasis on medtech, resilience tech and business services.
Case published 10.6.2026
castren snellman general atlantic iceye
We advised General Atlantic as the lead investor on ICEYE’s EUR 1 billion series F funding round, valuing the company at over EUR 10 billion. ICEYE raised EUR 450 million (USD 520 million) in a primary Series F funding round led by General Atlantic. Additional investors included Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority (QIA) and TCV. Together with a secondary placement, the total fundraising exceeds EUR 1 billion. ICEYE is the world leader in sovereign intelligence from space, providing continuous monitoring capabilities to detect and respond to changes in any location on Earth. The company operates the world’s largest and most advanced Synthetic Aperture Radar satellite constellation. General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 885 companies throughout its history. As of March 31, 2026, General Atlantic manages approximately USD 126 billion in assets across its investment strategies. We advised General Atlantic on this transaction in collaboration with the international law firm Paul, Weiss, Rifkind, Wharton & Garrison.
Case published 9.6.2026
We advised Oomi Solar Oy on the sale of a solar power park and battery energy storage project to Tuulipolar Oy. The transaction concerned a 24 MWp solar power plant and a 36 MW / 70 MWh battery energy storage system (BESS) to be constructed in Tornio. Tuulipolar Oy will act as the owner and operator of the plant, while Oomi Solar Oy will be responsible for its design and construction. The project will form the world’s northernmost industrial hybrid power plant, contributing to Finland’s green energy transition by increasing renewable energy production and electricity storage capacity in Northern Finland. The hybrid solution enables optimization of production as well as active participation in electricity markets and reserve services, improving the project’s profitability and supporting the balance of the electricity system year-round. Electricity production from the hybrid plant is expected to begin in 2028. Oomi Solar Oy is a Finnish renewable energy expert with experience from nearly 200 MW of installed solar capacity. The company helps businesses and communities accelerate the green transition by offering comprehensive solutions, including solar power plants, energy storage systems, and related lifecycle services from project development to maintenance. Oomi Solar Oy employs more than 20 energy professionals and delivers solar power projects across Finland. The company’s vision is to be Finland’s most desired partner for solar energy and energy solutions.
Case published 5.6.2026
United Bankers – Sale of three care properties
We advised United Bankers on the sale of three care properties to Kinland AS. The buildings were completed between 2021 and 2022 and meet high technical and environmental standards. All three properties are fully leased. The portfolio has a weighted average unexpired lease term of 13 years.
Case published 1.6.2026