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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Lenders to ICEYE – EUR 300 million revolving credit facility for ICEYE
We advised an international bank syndicate in a EUR 300 million revolving credit facility (RCF) for ICEYE, the world leader in sovereign intelligence from space. The bank-syndicate comprised Nordic and global banks, with Citi and Danske Bank acting as Joint Global Coordinators and Mandated Lead Arrangers. The RCF will support the issuance of guarantees for customer contracts, enable continued business growth, and serve as a liquidity backstop.
Case published 21.5.2026
Terrieri Kiinteistöt, A. Ahlström Kiinteistöt and S-Bank Building Plot non-UCITS Fund – Sale of a production and logistics property
We are advising Terrieri Kiinteistöt Ky and A. Ahlström Kiinteistöt Oy in the sale of a modern production and logistics building complex to Swedish property investment company Catena AB. We are also assisting S-Bank Building Plot non-UCITS Fund which in connection with the transaction, has agreed to sell the land area where the building complex is located to Catena AB. The building complex located in the immediate vicinity of Helsinki-Vantaa Airport was completed in 2021 and comprises approximately 23,260 square metres of leasable area, fully leased to Cramo Finland Oy. The approximately 140,000-square-metre plot offers additional long-term development potential in the form of approximately 45,000 square metres of additional building rights.
Case published 21.5.2026
Huhtamäki – EUR 300 million bond and tender offer of bond maturing in 2027
We advised Huhtamäki Oyj on its issuance of a EUR 300 million 6-year senior unsecured bond under the EMTN programme and on the tender offer of its EUR 500 million senior unsecured bond maturing in 2027. The new bond bears interest at a fixed rate of 3.875 per cent per annum. Huhtamäki used the net proceeds from the issuance of the new bond for the partial repurchase of its bond maturing in 2027 and for general corporate purposes.
Case published 21.5.2026
G&W Electric – Acquisition of Safegrid
We advised G&W Electric with its acquisition of Safegrid Oy, a leading provider of intelligent grid monitoring solutions based in Finland. The acquisition accelerates G&W Electric’s long-term strategy to integrate intelligent monitoring and predictive analytics into its power distribution portfolio, strengthening its offering to utility customers worldwide. Founded in 1905 and headquartered in Bolingbrook, Illinois, G&W Electric is a global leader in innovative power grid solutions, with a presence in over 100 countries. The company is known for advanced load and fault interrupting switches, reclosers, sensors, system protection equipment, power grid automation, intelligent grid monitoring, and transmission and distribution cable accessories. Safegrid is a Finnish technology company headquartered in Espoo, Finland. The company develops the Intelligent Grid System®, a grid monitoring solution that combines instant-on wireless sensors with advanced analytics to deliver real-time insight into grid conditions, enabling utilities to identify emerging issues, anticipate failures, and reduce outage duration across medium and high voltage distribution and transmission networks.
Case published 8.5.2026