The coronavirus (COVID-19) epidemic has escalated into a pandemic and is giving companies serious pause for thought on a number of fronts, including employment law, contract and supply chain risks and force majeure situations.
In order to provide rapid help to our clients in dealing with the epidemic, we have put together a new service, the C&S Coronavirus Task Force, which consists of our experts in coronavirus issues in numerous fields of law.
Our clients can contact their responsible lawyers or contact the Corona Task Force experts directly through coronataskforce@castren.fi.
CLIENT SERVICES AVAILABLE AS NORMAL
We will continue to provide our services as normal despite the epidemic. We have taken the following steps to account for the current circumstances:
• We can work with clients remotely, e.g. arrange remote meetings. We have instructed our personnel to work remotely as much as possible.
• We have postponed our client events and seminars. We will notify everyone who has registered for our events directly.
• We respectfully ask that everyone visiting our offices takes care of their hand hygiene and avoids shaking hands.
We are monitoring the situation closely and are complying with the latest authority instructions.
We have several blog posts on our website about the possible impacts of the coronavirus on business from the perspective of Finnish law.
Coronavirus – Secure Your Business-Critical Issues
What Would the Emergency Powers Act Mean for Life Insurance Policies?
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Latest references
Nordea Bank – EUR 150 million new green financing
We advised Nordea Bank Abp in the EUR 150 million new green financing for Lahti Energia Oy to support investments promoting a clean transition and to refinance existing loans. Lahti Energia Oy’s green loan investments focus on solutions that reduce fossil carbon dioxide emissions and support sustainable development. Planned projects include electric boilers, district heating storage facilities, and investments in the development of energy networks.
Case published 1.7.2025
Netel Group – Sale of Finnish Operations
We advised Netel Group, a Nasdaq Stockholm-listed contracting company, on the sale of its Finnish operations, Netel Oy, to a group of private investors. The divestment forms part of Netel Group’s strategic realignment. In January 2025, Netel Group announced its decision to exit the Finnish market in order to concentrate on its core markets in Sweden and Norway and growth markets in Germany and the UK. Netel Group is a leading provider of services in the development and maintenance of critical infrastructure within Infraservices, Power and Telecom across Northern Europe. The company has been listed on Nasdaq Stockholm since 2021.
Case published 1.7.2025
Glaston – Reverse share split
We advised Glaston Corporation on its reverse share split, i.e. in the reduction of its total outstanding shares so that each two shares of the company were merged into one share. The shares of Glaston have been listed into the Helsinki Stock Exchange. Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, mobility, display and solar industries. The company also supports the development of new technologies integrating intelligence to glass.
Case published 27.6.2025
OP-Public Services Real Estate Fund – Sale of six care properties
We advised OP-Public Services Real Estate Fund in the sale of a portfolio of six care properties to Aedifica group, a Belgian real estate company specialised in European healthcare real estate, particularly in elderly care. The care properties in this portfolio are located across Finland in Helsinki, Tampere, Kuopio, Tuusula and Kirkkonummi. The portfolio has a total capacity for 233 residents. Aedifica group acquired 100% of the shares of the six real estate companies that own the properties. The total value of the transaction is approximately EUR 37.5 million.
Case published 26.6.2025