21.7.2023

The controversial EU Nature Restoration Law moves forward

The Commission’s proposal for an EU Nature Restoration Law was published in June 2022. There has been intense debate about the proposal during the past year, and its drafting has caused controversy. The votes of the MEPs were divided almost evenly when the Parliament voted on its position on the Nature Restoration Law on 12 July.

The Parliament first voted on rejecting the Nature Restoration Law, but it did not go through: 312 MEPs voted in favour, 324 voted against and 12 abstained. The Parliament adopted its position on the Nature Restoration Law with 336 votes in favour, 300 votes against and 13 abstentions. The votes of the Finnish MEPs were also divided rather evenly as six of them voted against and eight in favour of adopting the proposal.

The proposal is based on the EU Biodiversity Strategy for 2030. The general aim of the proposal is to cover at least 20% of the EU’s land and sea areas by 2030 with nature restoration measures and all ecosystems in need of restoration by 2050. Even though the proposal adopted by the Parliament is lighter than the Commission’s original proposal, the general aim remained the same.

In order to achieve it, the proposal includes binding restoration targets for ecosystems, habitats and species as well as ways to reach these targets. The proposal sets an obligation for Member States to prepare a National Restoration Plan that determines the objects of restoration and restoration measures. The proposal includes both new targets and targets that are based on the current regulation on restoration.

A major amendment was introduced to Article 4 on the restoration of terrestrial, coastal and freshwater ecosystems, as its scope of application was limited to the Natura 2000 sites. Leila Suvantola, Senior Ministerial Adviser, Legal Affairs at the Ministry of the Environment of Finland, stated in an interview given to the Finnish Broadcasting Company that the scope is unclear. Suvantola interprets the Parliament’s decision to mean that other areas outside the Natura 2000 sites have not been completely removed from the scope of application but that the Member States should primarily restore Natura 2000 sites and secondarily other areas. The limitation concerning the Natura 2000 sites, as well as some other aspects of the scope of Article 4 of the National Restoration Law, should therefore be specified further.

The discussion on the Nature Restoration Law continues next in trilogue negotiations where the Parliament, the Commission and the Council are to agree on the final contents of the law. When an agreement is reached in the trilogue negotiations, the proposal can be finally adopted. The Council adopted its position on the proposal on 20 June. Finland voted against the adoption.

After the Nature Restoration Law has entered into force, Finland and the other Member States need to submit a Nature Restoration Plan to the Commission within 24 months, and the plan needs to determine how the restoration targets are intended to be reached. Progress towards reaching the targets needs to be monitored and reported to the Commission. In Finland, there have been particular concerns about the costs of the Nature Restoration Law and its impact on forestry.

The Nature Restoration Law that moves on to the trilogue negotiations is the result of difficult negotiations. Therefore, it includes certain compromises in comparison to the Commission’s proposal of one year ago. The current version aims to take the Member States’ national circumstances better into account by, for example, providing flexibility for the restoration of forest ecosystems.

The legislative procedure of the Nature Restoration Law reflects the impacts of the current geopolitical situation and energy policy issues as some of the priorities of the law have shifted from the emphasis of biodiversity to highlighting the green transition. In practice, the impacts of the Nature Restoration Law will depend on the type of restoration measures the Member States include in their National Restoration Plans.

Latest references

We successfully represented a Finnish construction management consultancy and a safety coordinator employed by the company in criminal proceedings concerning an alleged occupational safety and health offence. The prosecutor sought a penalty for an alleged breach of occupational safety regulations. The charge arose from a fall accident at a construction site where our client acted as the safety coordinator appointed by the developer. We assessed the scope of the safety coordinator’s duties in relation to the responsibilities of the main contractor, as well as how our client had fulfilled their obligations in practice. We demonstrated that our client had acted with due care and in full compliance with their duties throughout the planning, preparation and execution of the construction project. The District Court of Eastern Uusimaa dismissed the charge against our client. The Court held that our client, in their capacity as safety coordinator, had duly fulfilled the occupational safety obligations incumbent on the developer during the planning and preparation phases of the construction project and had not been aware of the fall protection deficiency identified at the site. The judgment is final insofar as our client is concerned.
Case published 22.6.2026
We advised Efima Oyj on the sale of its financial management services business to Rantalainen as part of its strategic focus on fully concentrating on the delivery of business applications as well as data and AI solutions. As a result of the transaction, customer contracts related to financial management services and 65 experts working in these services will transfer to Rantalainen. The transaction will be carried out as a transfer of business, and the experts will move to the new owner as existing employees. Efima is a Finnish digital company that supports the sustainable growth of large and mid-sized companies by streamlining their business processes and by creating competitive advantage through the innovative use of artificial intelligence and data. The company has nearly 200 experts based in Helsinki and Tampere.
Case published 12.6.2026
We advised lead investor Ugly Duckling Ventures on the EUR 6.5 million funding round of Skyfora. The round also included Eviny Ventures, LUMO Labs and EIC Fund, alongside non-dilutive funding from Business Finland. The investment will support the commercial scale-up of Skyfora’s weather intelligence solutions, the expansion of partnerships with telecom operators, forecasting providers and meteorological institutions, and the continued growth of the team. Skyfora is a Finnish company developing high-resolution weather data solutions using patented technology that extracts atmospheric data from GNSS receivers embedded in existing infrastructure, such as telecom networks. By unlocking previously untapped data sources, Skyfora enables the next generation of AI-driven weather forecasting and supports improved decision-making across weather-sensitive industries. Ugly Duckling Ventures is a Copenhagen-based venture capital firm focused on early-stage Nordic B2B technology companies, with an emphasis on medtech, resilience tech and business services.
Case published 10.6.2026
castren snellman general atlantic iceye
We advised General Atlantic as the lead investor on ICEYE’s EUR 1 billion series F funding round, valuing the company at over EUR 10 billion. ICEYE raised EUR 450 million (USD 520 million) in a primary Series F funding round led by General Atlantic. Additional investors included Solidium, Tesi, Varma, Ilmarinen, Lifeline Ventures, Nokia, Qatar Investment Authority (QIA) and TCV. Together with a secondary placement, the total fundraising exceeds EUR 1 billion. ICEYE is the world leader in sovereign intelligence from space, providing continuous monitoring capabilities to detect and respond to changes in any location on Earth. The company operates the world’s largest and most advanced Synthetic Aperture Radar satellite constellation. General Atlantic is a leading global investor with more than four and a half decades of experience providing capital and strategic support for over 885 companies throughout its history. As of March 31, 2026, General Atlantic manages approximately USD 126 billion in assets across its investment strategies. We advised General Atlantic on this transaction in collaboration with the international law firm Paul, Weiss, Rifkind, Wharton & Garrison.
Case published 9.6.2026