30.8.2021

Corporate Law Specialist Vesa Rasinaho Appointed as Senior Counsel

Attorney Vesa Rasinaho joined our Corporate Governance team as a senior counsel on 30 August 2021. Vesa has extensive experience in corporate law.

To quote Vesa, he works with ‘all things connected with the Limited Liability Companies Act’. He has a strong background in, among other things, equity-based financing arrangements, structured M&A, shareholders’ meetings, advising companies and their management, and litigation. Prior to joining Castrén & Snellman, Vesa worked at Roschier for over 22 years.

‘Corporate law is fundamental to all companies at all times. During an upswing, the focus tends to be on financing arrangements and mergers and acquisitions, but corporate governance and shareholders’ rights must not be neglected. I am happy to join the firm and look forward to working with Castrén & Snellman’s clients and new colleagues’, Vesa says.

Vesa is the chair of the Finnish Corporate Law Association and takes active part in other organisations in the field. He has acted as the secretary of the working group for the revision of the Finnish Limited Liability Companies Act and participated in the drafting of the current act.

Pauliina Tenhunen, the head of our Corporate Governance service, is happy to welcome Vesa:

‘Vesa provides a unique skill set to our clients, and this will further strengthen us as Finland’s premier corporate governance team.’

In addition to his work, Vesa actively writes and publishes in his field of law. He is one of the authors of the authoritative corporate law handbook, ‘Osakeyhtiölaki I–II’, which went into its third edition in 2018 with an electronic edition being published in the autumn 2021.

Latest references

We advised Neste as it signed a EUR 250 million 10-year loan with NIB. The loan will finance Neste’s investments related to research and development (R&D) in processing lower-quality feedstocks into high-quality renewable products; as well as the liquefied waste plastics (LWP) investment at Neste’s refinery in Porvoo, Finland. The R&D activities supported by the loan focus on the development of renewable solutions. These include, for example, expanding feedstock capabilities and technologies that enable the processing of new and lower-quality waste and residues into high-quality renewable end products. Part of the financing supports Neste’s liquefied waste plastics investment in Porvoo, related to upgrading low-quality plastic waste into high-quality feedstock at an industrial scale. The investment contributes to advancing circular economy solutions by enabling the use of hard-to-recycle plastic waste as a replacement for virgin fossil raw materials. The unit has an annual capacity to process up to 150,000 tonnes of liquefied waste plastic. Production ramp-up commenced in 2026.
Case published 19.8.2026
We advised Aspo Plc, ESL Shipping Ltd and AtoBatC Shipping AB in relation to finance matters in connection with the demerger of Aspo, by which all the shares in ESL Shipping Ltd held by Aspo, together with the related assets and liabilities, will be transferred to a new independent company to be named ESL Shipping Group Plc. Aspo intends to apply for the shares of ESL Shipping Group to be admitted to trading on the regulated market of Nasdaq Helsinki. It is further intended that Aspo be renamed Telko Group Plc. 
Case published 19.8.2026
We acted as Finnish law legal adviser to the lenders and the export credit agencies in connection with the EUR 514.4 million green project financing for the development and construction of Easpring Finland New Materials Oy’s cathode active material (CAM) manufacturing plant in Kotka, Finland. The borrower, Easpring Finland New Materials Oy, is a joint venture owned by Beijing Easpring Material Technology, Finnish Minerals Group and LG Energy Solution. The financing was provided by six international commercial banks, with Société Générale acting as financial adviser and mandated lead arranger together with Natixis as co-mandated lead arranger, and DNB, ICBC, ING and Standard Chartered participating as lenders, with support from the export credit agencies Finnvera and Sinosure. The project represents a significant milestone for Finland and the European battery value chain by strengthening Europe’s domestic supply of cathode active materials, a key component in lithium-ion batteries for electric vehicles and energy storage applications. Once the first phase of the project is operational, the Kotka facility is expected to produce approximately 60,000 tonnes of cathode active material annually, making it one of the largest CAM production plants in Europe and supplying leading battery manufacturers across Europe. 
Case published 21.7.2026
We acted as Finnish legal advisor to Delta Capacity in connection with its acquisition of the ready-to-build Karppio battery energy storage system (BESS) project from Helios Nordic Energy. The acquisition was made and the project will be implemented together with Strioga Family Foundation. The Karppio BESS project is located in Teuva, Finland, and has a capacity of 125 MW / 300 MWh. Delta Capacity will lead the remaining development of the project through to commissioning, planned for 2027, and will serve as long-term asset manager. Delta Capacity is a Swiss-based developer of utility scale battery storage systems. The acquisition adds to Delta Capacity’s growing Nordic portfolio. 
Case published 20.7.2026