8.12.2021

Chamber of Commerce Cross Awarded to Marko Hentunen for His Contributions to Finnish Business and Industry

Tags

The Finland Chamber of Commerce awarded the Chamber of Commerce Cross to arbitration expert, Partner Marko Hentunen on 3 December 2021. The award is a recognition of his meritorious contributions to economic freedom and Finnish business and industry. The Chamber of Commerce Cross was awarded to Mr Hentunen at the Helsinki International Arbitration Day, which was also the 110th anniversary celebration of the Arbitration Institute of the Finland Chamber of Commerce (FAI).

Mr Hentunen has been the Vice-Chair of the Board of the Arbitration Institute of the Finland Chamber of Commerce since 2013. His term on the Board of the Arbitration Institute ends at the end of 2021.

Mr Hentunen also acted as the Vice-Chair of the Task Force on the Revision of the Arbitration Rules of the Finland Chamber of Commerce (FAI Rules) in 2012–2013. The new Arbitration Rules drafted by the task force entered into force in the summer of 2013. One of the main objectives of the revision was to promote the speed and cost-efficiency of arbitration proceedings. At the same time, the rules were modernised and brought into line with best international practises. The international profile of the FAI was also raised by inviting seven recognised and esteemed international arbitration experts from several countries to join its board.

In 2018–2019, Mr Hentunen chaired the most recent Task Force on the Revision of the Arbitration Rules, and the resulting revised Arbitration Rules of the Finland Chamber of Commerce entered into force in the beginning of 2020.

Mr Hentunen has also had a prominent role as one of the founders of Finnish Arbitration Day and the Finnish Arbitration Academy, both of which have been organised since 2013. The Finnish Arbitration Academy, in which Mr Hentunen serves as a lecturer, has been organised seven times to date and has been completed by more than 200 Finnish lawyers thus far.

Latest references

We advised the shareholders in Puhdistamo – Real Foods Oy in the sale of all shares in Puhdistamo to PK Consumer Health. Puhdistamo is a leading Nordic wellbeing company, best known for its high-quality supplements, sports nutrition products and, functional beverages. Puhdistamo employs 120 employees in Finland and Sweden. PK Consumer Health is owned by Avista Healthcare Partners and Damier Group. The sellers will make a reinvestment into PK Consumer Health as part of the transaction. Completion is subject to customary closing conditions.
Case published 15.1.2026
We advised the real estate investor and developer Urban Partners in the financing of a EUR 100 million construction project in Helsinki, which combines build-to-rent housing and care homes within one scheme.  A fund managed by Urban Partners (NSF V) purchased the plot of land in Herttoniemi, Helsinki and subsequently secured planning consent to deliver a hybrid living scheme. The modern complex will offer high-quality housing and care facilities for the elderly alongside rental accommodation. A total of 425 apartments and 108 care homes will be delivered across four buildings on the site.  The project will be implemented in accordance with Urban Partners’ sustainability targets. All buildings will be constructed to energy class A, and the project will aim for the highest Platinum level of the international LEED environmental certification and will be implemented in accordance with the EU taxonomy criteria.
Case published 5.1.2026
We assisted Citycon Oyj in the sale of the Lippulaiva residential assets in Espoo, Finland. The sold residential assets consist of 275 apartments totaling approximately 13,000 sqm, located in connection to Citycon’s Lippulaiva shopping centre. The assets were sold at their latest IFRS book value for a gross purchase price of EUR 61.5 million.
Case published 19.12.2025
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.
Case published 18.12.2025