Castrén & Snellman was recognised as one of the world’s leading cross-border restructuring and insolvency law firms in the sixth edition of the Global Restructuring Review’s GRR 100 guide. Our restructuring and insolvency team’s experts Pauliina Tenhunen, Pekka Jaatinen and Elina Pesonen were singled out for praise. In addition to this year’s recognition, Castrén & Snellman was ranked in the Global Restructuring Review’s 2021 GRR 100 list.
28.12.2022
GRR 100: Castrén & Snellman one of the world’s leading restructuring and insolvency firms for the second time running
Elina Pesonen, Pauliina Tenhunen & Pekka Jaatinen
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The list is compiled annually by Global Restructuring Review, a daily news and analysis service on cross-border restructuring and insolvency law. The GRR 100 guide features 153 firms from 38 jurisdictions.
The GRR 100 list 2022 is available here.
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Case published 9.12.2025
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Life Finland Oy, a retailer of natural products, other health-related products and cosmetics, filed for bankruptcy on its own initiative in June 2025, and our attorney, counsel Elina Pesonen was appointed administrator of the bankruptcy estate. Life Finland Oy was part of the international Life Group, and its parent company Life Europe AB was declared bankrupt in Sweden in June 2025. When declared bankrupt, Life Finland Oy had over 30 operational stores and almost 170 employees across Finland. In addition to the premises of the operational stores, the company had several other leased premises, such as retail premises it was vacating as well as office and warehouse spaces. The bankruptcy estate organised clearance sales in all of the company’s stores. The shutdown of the stores and the clearance sales were efficiently carried out in approximately two weeks in cooperation with the company’s country manager, regional managers and sales staff. The clearance sales yielded a significant liquidation result, and consumers bought nearly the entire inventory. The administration of the bankruptcy estate has required expertise in many areas. The proceedings have dealt with specialised issues such as cash pooling arrangements, intellectual property, franchising agreements, employment relationships and consumer creditors. In addition, the proceedings are notably international, as the estate administrator has organised the shutdown of operations and the liquidation of assets in close cooperation with the estate administrators of the Swedish Group companies. The cooperation has included, among other things, exploring opportunities for selling the business, the sale of intangible rights and the coordination of intra-group agreements.
Case published 9.12.2025
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Case published 8.12.2025
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