20.9.2019

Castrén & Snellman Continues Development of Corporate Responsibility Expertise through Lecture Series on Sustainable Success Stories

Responsibility has become an integral part of business and impact has become a driver of success. Castrén & Snellman launched a new lecture series to foster responsibility expertise and promote sustainable choices on Global Zero Emissions Day on 21 September.

Castrén & Snellman is a corporate responsibility forerunner in the legal services industry, being the first law firm accepted in the WWF’s Green Office network, among other things. Responsible business is a goal that unites us and our clients and one that we have invested a great deal in. We regularly advise our clients in adopting corporate responsibility and compliance programmes and we are a member of the FIBS corporate responsibility network. We joined Finland’s Sustainable Investment Forum FINSIF as the first law firm in 2015. The following year we also joined the Climate Leadership Council (CLC).

By investing in the development of corporate responsibility matters, Castrén & Snellman intends to maintain its position as a strategic adviser to its clients and an advocate of sustainable success stories. Our Sustainable Success Stories lecture series builds on our strong foundation of corporate responsibility expertise and will train our own experts in the subjects of corporate responsibility and impact.

The first lecture, From Responsibility to Impact, was held on the eve of Zero Emissions Day. The speakers at the inaugural lecture were Annu Nieminen from The Upright Project and Valio’s General Counsel Saara Vahvaselkä. The lecture series will continue over the autumn of 2019 and will cover subjects such as the ABCs of corporate responsibility, the fundamentals of responsible investment and the importance of human rights in business.

Latest references

We successfully represented Trety AB in a dispute and settlement negotiations concerning an agreement for development and production of communication devices for the healthcare sector. Eventually, the parties reached an amicable settlement to the full satisfaction of our client and thus the parties avoided an extensive arbitral proceeding. Trety AB is a global company that provides its customers with solutions for development, industrialization and production of electronics. Trety AB has over 30 years’ experience from IT, electronics and telecommunication industries.
Case published 11.2.2025
We advised a financier consortium including OP Corporate Bank plc, Nordea Bank Abp, and Skandinaviska Enskilda Banken AB in a leveraged financing arrangement for Vexve, a company owned by DevCo Partners Oy. The financing included EUR 143 million acquisition, refinancing and other facilities for, among other things, the financing of Vexve’s acquisition of Denmark-based Frese A/S, a leading manufacturer of dynamic balancing valves for hydronic networks. Vexve’s combined turnover after the completion of the transaction will be ca. EUR 200 million. Vexve is the leading European provider of valve solutions for the energy sector and selected energy-intensive industries.
Case published 7.2.2025
Castrén & Snellman is acting as the legal advisor to the City of Pori and Pori Energia Oy in the finance arrangement whereby debt facilities in the total amount of EUR 292 million are secured for the purpose of refinancing the existing liabilities and fuelling the future growth of Pori Energia. Pori Energia and its financiers signed a Finnish law governed facilities agreement for this purpose on 13 January 2025. Pori Energia, a multi-utility company, operates in various sectors including district heating, electricity distribution, and electricity generation through CHP and renewable sources. The company also provides wind power services and industrial energy solutions in the Satakunta region where it has c. 60,000 customers.
Case published 6.2.2025
We advised Sanok Rubber Company S.A. in connection with a transaction where the Polish International Development Fund 2 FIZ AN acquired 30% of the shares in Teknikum Group Ltd from Sanok Rubber Company S.A. Teknikum Group is a European polymer technology company serving industrial customers in need of reliable rubber, plastic, silicone, polyurethane, and foam solutions. The group has approximately 600 employees and operates four production plants in Finland and one in Hungary, and a sales office in Germany. Sanok Rubber Company S.A. is the European leader in the field of rubber products, rubber-to-metal articles and combination of rubber with other materials for the automotive, construction, agriculture, pharmacy and household appliances. Sanok Rubber Company S.A. is listed on the Warsaw Stock Exchange and employs more than 3,000 people in Europe and North America. Polish International Development Fund 2 FIZ AN is one of two specialised foreign expansion funds managed by PFR TFI. The fund’s aim is to co-finance foreign investments of Polish companies. We advised Sanok Rubber Company S.A. together with the Polish law firm Rymarz Zdort Maruta.
Case published 3.2.2025