All of Europe has been shaken up and shocked by Russia’s invasion of Ukraine. Justice, peace, safety, stability and human rights lie right at the heart of the principle of the rule of law, which we as advocates have undertaken to defend. These are undisputed values that concern all of us, and the events in Ukraine contradict with all of them.
The situation in Europe and in the world is still restless. We will make our traditional holiday donation to Ukraine through our pro bono partner SPR. SPR uses the donations for measures such as sending aid workers and material assistance to Ukraine and for helping refugees that arrive in Finland.
Year-round work with pro bono partners
We are committed to the principles of the UN Global Compact, such as the protection of human rights. Our pro bono work supports refugees and immigrants, at-risk children, youths, women, sexual minorities, disabled persons and other minorities that suffer from discrimination.
These principles have guided our choice of pro bono partners: the Finnish Refugee Advice Centre, the Finnish Olympic Committee, the Uusimaa District of the Mannerheim League for Child Welfare, and the Red Cross Youth Shelter.
We wish all of our clients and business partners happy holidays and a successful 2024!
Latest news
Latest references
NoHo Partners – A MEUR 119 Financing Package
We advised NoHo Partners Plc on a 119-million-euro financing arrangement. The financing arrangement frees up a significant part of the cash flow for the business and enables the implementation of an acquisition-driven growth strategy also in the future.
Case published 16.1.2025
CapMan Buyout – Divestment of Renoa Group
We advised CapMan Buyout in the exit of Renoa Group. Renoa Group management together with Korpi Capital and other investors have acquired the group. Renoa Group is a Finnish established expert in the building technology sector specializing in detached houses in Finland and Sweden. Renoa is a major provider of turnkey domestic water & heating, sewer system and electricity network renovations, with significant operations also in Sweden. The Group reported sales of €35 million and employed c. 300 personnel across its 10 offices in Finland and 6 in Sweden. Korpi Capital is a Finnish investment company with holdings in 29 companies.
Case published 14.1.2025
eQ Community Properties Fund – Acquisition of a property portfolio
We advised eQ Community Properties Fund in its acquisition of a property portfolio comprising a health centre in Espoo, a daycare property in Vantaa, an elementary school in Helsinki, and a parking facility property in Helsinki from Ilmarinen Mutual Pension Insurance Company. The lettable area of the first three properties is approximately 13,900 sq.m., while the parking facility offers 120 parking spaces. The portfolio’s tenants include the City of Helsinki, the City of Vantaa, the Western Uusimaa Wellbeing Services County, and Aimo Park Oy. In connection with the transaction, Ilmarinen invested in eQ Community Properties fund as per 31 December 2024.
Case published 9.1.2025
Finnish manufacturing company – Arbitration proceedings under the SCC rules
We successfully represented a Finnish manufacturing company in arbitration proceedings under the SCC rules against a global construction company. The dispute was governed by Finnish law and the seat of arbitration was Stockholm, Sweden. The dispute mainly concerned the termination of an erection contract and the right to compensation for delays of the project and for cost increases due to Russia’s invasion of Ukraine. The main questions in dispute were the lawfulness of the termination of the erection contract as well as the consequences of the termination such as the right to costs to complete the project after termination, the right to liquidated damages for delay of the project and adjustment of contract price due to cost increases. The total value of the dispute exceeded EUR 15 million.
Case published 8.1.2025