Contracts

Contracts

Insurance company contracts are affected by not only domestic regulation and the guidelines and recommendations of the national supervisory authority but also by a number of EU directives and decrees and the guidelines of the European supervisory authorities.

Negotiating and drafting contracts in the insurance sector requires a thorough knowledge of the provisions under Solvency II and the IDD as well as the EIOPA guidelines. It is also elementary to have excellent command of national legislation and regulations and guidelines issued by the Finnish Financial Supervisory Authority. Our extensive experience in negotiating and drafting contracts and familiarity with the negotiating techniques of the contracting party will benefit you greatly when negotiating and drafting contracts that are key to your company’s operations and implementation of strategy.     

Our services include negotiating and drafting contracts in various matters, such as:

  • IT systems, IT services and integrations
  • Cloud service adaptations and outsourcing to cloud service providers
  • Outsourcing of central, critical or important functions or activities  
  • Partner, cooperation and sponsorship agreements
  • Coordinating procurement procedures and insurance regulation
  • Subcontracting arrangements
  • Agent and distribution arrangements

Latest references

We advised DNB Bank ASA in its agreement with Fennia Mutual Insurance Company on the development and lease of the premises at Fabianinkatu 8, Helsinki. With the lease agreement, DNB Bank ASA will focus all its Finnish operations at the Fabian 8 office. The other tenants at the renewed premises will be DNB Carnegie Investment Bank AB’s Finnish operations and DNB Auto Finance Oy. In connection with the long-term lease agreement, the parties also agreed on a major renovation project to completely refurbish the premises. The object of lease will be completed in the second half of 2027.
Case published 10.10.2025
We advised Yellow Film Studios, the largest independent film and television production company in the Nordics, in its strategic merger with Danish film industry sales and financing studio REinvent Studios. Together they form Reinvent Yellow, a unified hub for television and film production, sales, financing and innovation, combining over three decades of production experience and a vast catalogue of titles.
Case published 8.10.2025
We successfully represented a panel of reinsurance companies in an international ad hoc arbitration. The dispute arose out of a reinsurance treaty under the terms of which the reinsurers had reinsured a portfolio of risks underwritten by the cedent. The parties disagreed as to whether the reinsurance provided coverage for a certain loss that had occurred because of the market turmoil caused by the Covid-19 pandemic. The case involved highly complex legal and contractual questions requiring special expertise on reinsurance law and practice. The arbitral tribunal rejected the counterparty’s claims for reinsurance compensation against our clients in full. The amount in dispute was approximately EUR 34 million.
Case published 16.9.2025
We supported byFounders.vc as the Finnish counsel in their investment in DataCrunch Oy in a USD 64 million Series A funding round. DataCrunch provides scalable AI compute solutions from energy-efficient data centers in Iceland and Finland. byFounders.vc is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries.
Case published 11.9.2025