Lotta Huhtamäki

Associate, Master of Laws

Services

  1. Competition & Procurement

Contact details

I advise our clients in assignments related especially to public procurement. Additionally, I work with matters related to EU and competition law, as well as state aid.

Prior to joining Castrén & Snellman, I worked for multiple years as a procurement lawyer at the City of Espoo. There I established a thorough understanding of the procurement process from the perspective of the contracting entity. I have also completed the Finnish Court Training at the District Court of Helsinki. Before graduating, I gained work experience from both private and public sectors.

I hold a Master of Laws degree from the University of Turku. During my studies, I also spent a semester studying abroad in the United States.

Latest references

Inventure – Investment in Hamina Wireless
We advised the lead investor Inventure on the seed funding round of Hamina Wireless. Superhero Capital and First Fellow participated in the round as co-investors. Hamina Wireless, founded in 2021, provides tools for fast and simple wireless network design. The platform offered by the company is equipped with tools that aid in the creation of wireless networks, inclusive of Wi-Fi 6E and CBRS. It also includes automation tools for the design of switching, cabling, and IDFs/MDFs. This platform enables design engineers to construct networks that ensure optimal coverage and overlap, minimal interference, maximum capacity, and seamless roaming. Inventure is an early-stage VC investor that that been in venture with over 90 companies ranging from deep tech to consumer internet brands, including Wolt, Swappie, Stravito and Jobbatical. With its EUR 377 million of assets under management, Inventure focuses on Seed and Series A investments across Nordics and Baltics, with offices in Helsinki and Stockholm.
Case published 18.7.2025
Nevel – Acquisition of Labio’s business
We advised Nevel Oy in its acquisition of the business of Labio Oy. Lahti Aqua Oy and Salpakierto Oy sold their entire shareholdings in Labio to Nevel, expanding Nevel’s already significant biogas portfolio. The transaction will have no impact on Lahti Aqua’s water utility operations or Salpakierto’s municipal waste management responsibilities. Labio’s operations and customer relationships will continue as before. ‘This partnership is a natural next step for us as we continue investing in sustainable material efficiency and renewable energy solutions. By integrating Labio’s comprehensive offerings and expertise, we can provide customers with a strong platform for material circularity. We are also strengthening our market position as one of Finland’s leading material efficiency solution providers,’ says Ville Koikkalainen, Director of Industrial and Biogas Business at Nevel. Nevel is an energy infrastructure company offering advanced, climate-positive solutions for industry and real estate. It operates more than 130 energy production plants and manages over 40 district heating networks. Nevel’s annual turnover is EUR 150 million, and it employs 190 experts in Finland, Sweden and Estonia.
Case published 16.7.2025
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
Boreo – EUR 10 million convertible hybrid bond
We advised on the issuance of a EUR 10 million equity-classified convertible hybrid bond by Boreo Plc to the Norwegian insurance company Protector Forsikring ASA. The annual coupon interest on the bond is a fixed 4 percent until the reset date on 24 June 2030, after which the interest rate increases to 14 percent. The bondholders have the right to convert the principal amount into Boreo shares at a price of EUR 19 per share during a four-year period following the issuance. The bond is not intended to be admitted to trading on a stock exchange or any other trading venue. It has no specified maturity date, and Boreo has the right to redeem it for the first time after four years from the issuance date. ‘We are very pleased to have completed the transaction, and with the confidence Protector has shown in the company. The arrangement supports the execution of our acquisition-driven growth strategy, strengthens the company’s financial position, and lowers financing costs,’ says Kari Nerg, CEO of Boreo. OP Corporate Bank plc acts as the lead manager for the issuance of the convertible hybrid bond. Castrén & Snellman Attorneys Ltd serves as legal advisor to the transaction, and Legal Folks Ltd acts as Boreo’s legal advisor.
Case published 24.6.2025
Finnish Motor Insurers’ Centre – Precedent concerning patient data processing and repeal of administrative fine
The Supreme Administrative Court (SAC) issued a significant precedent (decision KHO:2025:23) in a case in which it found that the Finnish Motor Insurers’ Centre (Liikennevakuutuskeskus, LVK) processed patient data in accordance with the requirements concerning fairness, data minimisation, and privacy by design and by default when deciding on compensation claims. We represented LVK in this case in which the SAC upheld the Administrative Court’s decision to repeal the EUR 52,000 administrative fine imposed on LVK by the Sanctions Board of the Office of the Data Protection Ombudsman. The SAC also confirmed the Administrative Court’s decision, which, as far as we know, was the first of its kind in Finland, ordering the Office of the Data Protection Ombudsman to reimburse some of our client’s legal costs. The decision bears great significance for the insurance industry as a whole. The crux of the matter were LVK’s information requests under the Motor Liability Insurance Act for patient data that were essential in determining insurance or compensation claims. In certain cases, making a decision may require extensive patient data. The Office of the Data Protection Ombudsman had found that LVK had systematically made overly broad information requests infringing Articles 5 and 25 of the GDPR and that the information should have been provided in the form of separate medical opinions. The Administrative Court repealed the Data Protection Ombudsman’s decision and found that patient records from medical appointments are, as a general rule, essential in establishing causality in compensation matters. It also stated that the tasks related to the consideration of compensation matters are specifically the core tasks of the insurance company and not of the controller of patient data. Furthermore, the Administrative Court found no evidence indicating that LVK would have systematically made overly broad information requests. ‘Once again, our collaboration with C&S was seamless throughout this extensive process, and we could trust that our case was in expert hands’, says Visa Kronbäck, Chief Legal Officer of the Insurance Centre. The full decision is available on the SAC website (in Finnish):  KHO:2025:23.
Case published 18.6.2025

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