Castrén & Snellman is honoured to be shortlisted for Scandinavian law firm of the year by the IFLR Women in Business Law Awards 2021 Europe. Our efforts to promote a better work community, work life balance and diversity were also recognised by our inclusion on the shortlist in three other categories:
17.5.2021
IFLR Women in Business Law Shortlists C&S as Scandinavian Law Firm of the Year
Mentorship Programme – National Firm
Work-Life Balance – National Firm
Women in Business Law – National Firm
We are also thrilled that C&S Partner Merja Kivelä was shortlisted as Equity capital markets lawyer of the year. Merja was recently recognised as one of the Women Leaders 2021 by IFLR1000.
The Women in Business Law Europe Awards recognises leading women for their contributions to the practice of business law along with the firms that have developed the most progressive and strong initiatives towards diversity and inclusion from throughout the continent. Winners will be announced on 24 June 2021.
Castrén & Snellman’s work to promote diversity and support its personnel’s work-life balance are part of the firm’s overall sustainability programme, which took some major steps forward in 2020. Our firm was the first Finnish law firm to join the UN Global Compact. Our first sustainability report summarises the work we have done so far and sets goals for 2021 that raise the bar even higher. Our work on all fronts of corporate responsibility continues in 2021. Read the announcement and our sustainability report.
See all the 2021 finalists for the Europe awards.
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CapMan Buyout – Divestment of Renoa Group
We advised CapMan Buyout in the exit of Renoa Group. Renoa Group management together with Korpi Capital and other investors have acquired the group. Renoa Group is a Finnish established expert in the building technology sector specializing in detached houses in Finland and Sweden. Renoa is a major provider of turnkey domestic water & heating, sewer system and electricity network renovations, with significant operations also in Sweden. The Group reported sales of €35 million and employed c. 300 personnel across its 10 offices in Finland and 6 in Sweden. Korpi Capital is a Finnish investment company with holdings in 29 companies.
Case published 14.1.2025
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