Castrén & Snellman’s dispute resolution team is thrilled to be ranked as one of the world’s best law firms in international arbitration in the GAR 100 list published by the Global Arbitration Review.
15.5.2020
C&S Ranked Among Finest International Arbitration Law Firms
Anders Forss, Marko Hentunen & Tuomas Lehtinen
Tags
The GAR 100 is a guide to international arbitration that lists the world’s leading international arbitration practices every year. The criteria used in the GAR 100 survey are reputation, amount of work undertaken as well as experience. Castrén & Snellman is one of only two Finnish law firms recognised as specialists in international arbitration by the GAR 100.
Now in its 13th edition, the GAR 100 focuses on confirming the genuine international arbitration capabilities and track record of the firms it lists.
The GAR 100 highlighted our extensive roster of successful cases, particularly mentioning how ‘C&S has wrapped up an ICC arbitration seated in Estonia and continues to act in a Belgian-seated ICC dispute worth US$800 million. It also concluded a US$800 million arbitration at the Finnish Arbitration Institution, in which it represented a well-known Asian conglomerate’.
The publication singles out partners Marko Hentunen, Anders Forss, Tuomas Lehtinen and Niklas Langenskiöld for praise.
The GAR 100 offers reviews on practices of all sizes from all parts of the world.
Read the latest edition here (requires subscription)
Latest news
Latest references
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
Korkia Oy – Renewable energy loan agreement
We advised Korkia Oy in its loan agreement with Nordic Environment Finance Corporation. The financing will support the development and international scale-up of Korkia’s pipeline of solar energy, battery energy storage system (BESS) and onshore wind projects. Korkia is a dedicated investor in renewable energy operating in nine countries. It has a robust development pipeline of over 20 GW in renewable energy and energy storage projects.
Case published 7.1.2025
Commerzbank – Vessel construction financing for Meyer Turku
We acted as the Finnish law legal advisor to Commerzbank AG, which served as the coordinator, bookrunner, documentation agent, facility agent and security agent of an international banking syndicate. This syndicate provided an ECA-covered construction financing facility of more than EUR 1 billion for the Finnish shipyard company Meyer Turku Oy. The loan facility will be used on the construction of one new passenger cruise ship. The newbuilding is the third of the ICON class. According to Meyer Turku Oy the ICON-class ships are the world’s most advanced and the most environmentally friendly cruise ships of their owner, Royal Caribbean Cruise Lines.
Case published 30.12.2024