Our dispute resolution experts Ilona Karppinen and Iris Brisson are the Finnish contributors to the annual Survey on Challenging Arbitral Awards in the Nordics for the second consecutive year, having been involved in launching the survey last year as Finnish founding contributors.
14.3.2025
C&S Contributes to the 2024 Nordic Survey on Challenging Arbitral Awards
The recently published 2024 report provides insights into challenge cases in the Nordic countries over the past two years. The 2024 report also contains an overview of the Nordic approach to excess of mandate as a ground for challenging arbitral awards.
The survey aims to facilitate the development of arbitration in the Nordic countries. The report was done in collaboration with contributing law firms from Denmark, Norway and Sweden.
The survey concludes that, despite a rise in the number of cases during 2024, challenges to arbitral awards continue to be rare in all Nordic jurisdictions and are unlikely to succeed due to the arbitration-friendly stances of national court systems.
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Inventure – Investment in Hamina Wireless
We advised the lead investor Inventure on the seed funding round of Hamina Wireless. Superhero Capital and First Fellow participated in the round as co-investors. Hamina Wireless, founded in 2021, provides tools for fast and simple wireless network design. The platform offered by the company is equipped with tools that aid in the creation of wireless networks, inclusive of Wi-Fi 6E and CBRS. It also includes automation tools for the design of switching, cabling, and IDFs/MDFs. This platform enables design engineers to construct networks that ensure optimal coverage and overlap, minimal interference, maximum capacity, and seamless roaming. Inventure is an early-stage VC investor that that been in venture with over 90 companies ranging from deep tech to consumer internet brands, including Wolt, Swappie, Stravito and Jobbatical. With its EUR 377 million of assets under management, Inventure focuses on Seed and Series A investments across Nordics and Baltics, with offices in Helsinki and Stockholm.
Case published 18.7.2025
Nevel – Acquisition of Labio’s business
We advised Nevel Oy in its acquisition of the business of Labio Oy. Lahti Aqua Oy and Salpakierto Oy sold their entire shareholdings in Labio to Nevel, expanding Nevel’s already significant biogas portfolio. The transaction will have no impact on Lahti Aqua’s water utility operations or Salpakierto’s municipal waste management responsibilities. Labio’s operations and customer relationships will continue as before. ‘This partnership is a natural next step for us as we continue investing in sustainable material efficiency and renewable energy solutions. By integrating Labio’s comprehensive offerings and expertise, we can provide customers with a strong platform for material circularity. We are also strengthening our market position as one of Finland’s leading material efficiency solution providers,’ says Ville Koikkalainen, Director of Industrial and Biogas Business at Nevel. Nevel is an energy infrastructure company offering advanced, climate-positive solutions for industry and real estate. It operates more than 130 energy production plants and manages over 40 district heating networks. Nevel’s annual turnover is EUR 150 million, and it employs 190 experts in Finland, Sweden and Estonia.
Case published 16.7.2025
Nordea Bank – EUR 150 million new green financing
We advised Nordea Bank Abp in the EUR 150 million new green financing for Lahti Energia Oy to support investments promoting a clean transition and to refinance existing loans. Lahti Energia Oy’s green loan investments focus on solutions that reduce fossil carbon dioxide emissions and support sustainable development. Planned projects include electric boilers, district heating storage facilities, and investments in the development of energy networks.
Case published 1.7.2025
Netel Group – Sale of Finnish Operations
We advised Netel Group, a Nasdaq Stockholm-listed contracting company, on the sale of its Finnish operations, Netel Oy, to a group of private investors. The divestment forms part of Netel Group’s strategic realignment. In January 2025, Netel Group announced its decision to exit the Finnish market in order to concentrate on its core markets in Sweden and Norway and growth markets in Germany and the UK. Netel Group is a leading provider of services in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom across Northern Europe. The company has been listed on Nasdaq Stockholm since 2021.
Case published 1.7.2025