Regulatory and Strategic Advice

Regulatory and Strategic Advice

We offer company management insightful strategic advice in matters concerning data and technology.

Our analytical approach is based on exceptionally extensive experience. We are well-versed in this field’s complex and broad regulatory matters, the fundamentals and special characteristics of different industries as well as the objectives and needs of our clients.

In addition to providing advice on regulation, we explain the impacts of various decisions. If you are planning to adopt a new operating model or system, we can help you weigh different scenarios and the associated opportunities and risks. Our advice covers not only the different ways of organising the ownership of data and the processing of personal data, but also how different alternatives impact your revenue model and risks.

We help company management make informed decisions on how to successfully build up operating models. Comprehensive and strategic sparring is a significant part of the legal advice we provide on data and technology matters.

Latest references

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.

Delta Capacity – Project financing of two battery energy storage systems (BESS)

We advised Delta Capacity AG in a project financing of two battery energy storage systems (BESS). The financed projects are among the largest BESS developments in Finland to enter construction with 250 MW / 600 MWh combined capacity. The financing was provided by Société Générale with support from Finnvera. Construction of both projects, located in Lapinlahti and Teuva, has already begun and the commercial operations are targeted to commence in late 2027 with partial tolling agreements already in place for both assets. The project in Lapinlahti is executed in partnership with Covenergo, while the project in Teuva is executed in partnership with Strioga Family Foundation. Delta Capacity is a Swiss developer of utility-scale battery storage systems. The projects strengthen Delta Capacity’s growing Nordic portfolio and support the flexibility of Finland’s electricity system by adding energy storage capacity, enabling production optimization as well as participation in electricity markets and reserve services.

Martela Corporation – Directed share issue and combination of share series

We acted as legal adviser to Martela Corporation in its directed share issue, through which Martela raised gross proceeds of approximately EUR 7.2 million to strengthen the company’s financial position and liquidity and to create headroom for continuing the necessary development and efficiency measures. In connection with the directed share issue, Martela’s unlisted series K shares, which carried greater voting rights, were combined with its listed series A shares. Following the combination, the company has only one share series, which is traded on the regulated market maintained by Nasdaq Helsinki Ltd, with each share carrying one vote and otherwise identical rights. Martela is a Nordic leader specialising in user-centric working and learning environments. With over 80 years of experience, Martela creates the best places to work and offers its customers the Martela Lifecycle solutions which combine furniture and related services into a seamless whole.

Banyan Software – Acquisition of Carus Ferry

We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.

Latest insights

26.10.2026 – FDI Regulatory Service Reform of Finnish FDI screening moves forward: significant changes and broader scope

Kiti Karvinen

Joachim Wik

Johanna Kyllöinen

Kiti Karvinen, Joachim Wik & Johanna Kyllöinen

1.10.2026 – Financial Regulation New EU-driven banking M&A rules entered into force in Finland on 1 October 2026

Hannu Huotilainen

Hannu Huotilainen

24.9.2026 – Environment, Energy & Green Transition Electricity Market Act: Proposed priority procedure to significantly change new electricity network connections in situations of scarce capacity

Marius af Schultén

Kanerva Sunila

Samuli Tarkiainen

Jonas Holm

Noora Ahonen

Marius af Schultén, Kanerva Sunila, Samuli Tarkiainen, Jonas Holm & Noora Ahonen

11.9.2026 Finland proposes a new data centre register – draft legislation open for comments

Marius af Schultén

Antti Kaakkola

Samuli Tarkiainen

Mikko Alakare

Janne Juusela

Jerker Pitkänen

Marius af Schultén, Antti Kaakkola, Samuli Tarkiainen, Mikko Alakare, Janne Juusela & Jerker Pitkänen

Search from the site.