Castrén & Snellman’s dispute resolution team is thrilled to be recognized, for the second consecutive year, as one of the world’s leading international arbitration practices in the GAR 100 list published by the Global Arbitration Review.
26.7.2021
C&S Ranked Once Again Among Finest International Arbitration Law Firms
Anders Forss, Jerker Pitkänen, Marko Hentunen & Tuomas Lehtinen
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Now in its 14th edition, The GAR 100 is an annual guide to international arbitration that lists the world’s leading international arbitration practices. The criteria used in the GAR 100 survey are reputation, amount of work undertaken as well as experience. Once again, Castrén & Snellman is one of only two Finnish law firms recognised as specialists in international arbitration in the publication.
Our dispute resolution team was described as: “experienced team working professionally and seamlessly together, with commercial understanding providing clear and sound practical advice”. Our experts Marko Hentunen, Anders Forss, Tuomas Lehtinen, Niklas Langenskiöld ja Jerker Pitkänen were singled out for praise.
The GAR 100 pointed out our extensive record of successful cases, such as winning a rare set-aside of an arbitral award in Finland, acting in a Brussels-seated, English law construction arbitration under ICC rules worth over US$300 million and representing a Finnish energy company in a US$60 million arbitration related to an ongoing force majeure event.
Read the latest edition here (requires subscription).
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Valio – Acquisition of the Härkis® and Beanit® fava bean brands
We advised Valio Oy in its acquisition of Raisio Oyj’s plant protein business, related fixed assets and the Härkis® and Beanit® fava bean brands. The fixed assets include, among other things, the production equipment of the factory that makes plant protein products in Kauhava. The transaction supports Valio’s strategy to grow from a dairy company to a food company. This business acquisition will make us an even more significant developer and producer of plant-based protein products. The demand for these products will grow in the long term, and a great deal of growth potential still remains. In 2022, we acquired the Gold&Green® business and, since then, we have been carrying out strong product development and renewed the brand. Following successful product launches, sales in the last quarter of 2024 increased by about 50% from the previous quarter. With this acquisition, we are building our own production capacity. The production equipment of the Kauhava factory is just right for our needs and situation. says Kimmo Luoma, Valio’s Senior Vice President. Valio is a Finnish dairy and food company founded in 1905 and owned by Finnish dairy cooperatives. Valio has subsidiaries in Sweden, Estonia, the United States and China. In 2023, the Group had a turnover of EUR 2 278 million and more than 4 000 employees.
Case published 14.2.2025
Trety – Dispute and settlement negotiations concerning a development and production agreement
We successfully represented Trety AB in a dispute and settlement negotiations concerning an agreement for development and production of communication devices for the healthcare sector. Eventually, the parties reached an amicable settlement to the full satisfaction of our client and thus the parties avoided an extensive arbitral proceeding. Trety AB is a global company that provides its customers with solutions for development, industrialization and production of electronics. Trety AB has over 30 years’ experience from IT, electronics and telecommunication industries.
Case published 11.2.2025
OP Corporate Bank, Nordea Bank and Skandinaviska Enskilda Banken – Financing arrangement for Vexve, a company owned by DevCo Partners
We advised a financier consortium including OP Corporate Bank plc, Nordea Bank Abp, and Skandinaviska Enskilda Banken AB in a leveraged financing arrangement for Vexve, a company owned by DevCo Partners Oy. The financing included EUR 143 million acquisition, refinancing and other facilities for, among other things, the financing of Vexve’s acquisition of Denmark-based Frese A/S, a leading manufacturer of dynamic balancing valves for hydronic networks. Vexve’s combined turnover after the completion of the transaction will be ca. EUR 200 million. Vexve is the leading European provider of valve solutions for the energy sector and selected energy-intensive industries.
Case published 7.2.2025
City of Pori and Pori Energia– Finance arrangement to fuel the future growth
Castrén & Snellman is acting as the legal advisor to the City of Pori and Pori Energia Oy in the finance arrangement whereby debt facilities in the total amount of EUR 292 million are secured for the purpose of refinancing the existing liabilities and fuelling the future growth of Pori Energia. Pori Energia and its financiers signed a Finnish law governed facilities agreement for this purpose on 13 January 2025. Pori Energia, a multi-utility company, operates in various sectors including district heating, electricity distribution, and electricity generation through CHP and renewable sources. The company also provides wind power services and industrial energy solutions in the Satakunta region where it has c. 60,000 customers.
Case published 6.2.2025