PPP & Life Cycle Projects

PPP & Life Cycle Projects

An increasing number of infrastructure projects are being carried out as public private partnerships or as life cycle projects. PPP and life cycle projects are often complicated and require legal expertise in several fields.

We have been involved in nearly all of the PPP and life cycle projects carried out in Finland. Our clients include project authorities, sponsors, contractors and equity and debt financiers. We understand the viewpoints of the different parties involved and the goals they have.

We will be your partner from the strategic planning stage through the implementation of the transaction. We are adept at identifying risks and determining the terms and conditions under which a venture is feasible. Our lawyers are well versed in both Finnish and international market practices and use that knowledge to flexibly find practical and workable solutions.

In addition to strong knowledge of finance and project law, PPP ventures require mastery of, for example, public procurement, environmental and private equity issues. Our experts are thoroughly experienced in all of the legal fields related to PPP and life cycle ventures. We also provide our clients project management support.

The Legal 500, IFLR1000, Chambers Europe and Chambers Global rank our services among Finland’s best.

Latest references

Finnish Broadcasting Company – Appeal in a defamation case dismissed by the Monegasque Supreme Court

We successfully advised the Finnish Broadcasting Company, Yleisradio Oy, and its Editor in Chief in a defamation case before all levels of the Monegasque judiciary. The case concerned four articles published by Yleisradio in 2022, two of which were in Finnish and two in English. The counterparty was of the opinion that the claims made in the articles violated his honour and brought defamation charges against Yleisradio and its Editor in Chief in Monegasque courts. In addition, he claimed damages totalling EUR 100,000 and demanded the removal of all allegedly defamatory content under penalty of a fine. We challenged the jurisdiction of the Monegasque courts in the matter, as the articles were not directed at a Monegasque audience and, contrary to what the counterparty claimed, jurisdiction could not be based solely on the fact that the articles were published in English on the internet where they were available for all and could be translated into French using a browser functionality. Furthermore, we presented comprehensive arguments stating that the facts presented in the articles were truthful, presented in good faith as required by Monegasque legislation, and based on thorough research. We also highlighted that the counterparty’s actions constituted so-called forum shopping, i.e. the desire to have the case heard in a court he believed would be most favourable to him. The claim was heard by all three levels of Monegasque courts, as the counterparty appealed the judgments of the lower courts. The courts of first and second instance had deemed that the Yleisradio articles in question were not directed at a Monegasque audience, and the Monegasque courts were therefore not competent to hear the case. The Supreme Court of Monaco (Cour de Révision) stated that there were no grounds to link the allegedly defamatory claims to the country. Even though it was possible to access the online articles from Monaco as well, this did not mean that the articles were published in Monaco. This being the case, the Supreme Court of Monaco deemed that the local courts did not have jurisdiction to rule on the case and dismissed the counterparty’s appeal against the Court of Appeal’s decision. The Supreme Court’s decision is fundamental in upholding the freedom of expression in Europe. The opposite outcome would have encouraged similar intimidation lawsuits in countries favourable to the plaintiff, with the purpose of restricting dialogue and silencing critical voices. The unpredictability of judicial power and the risk of extensive – and expensive – trials could create an atmosphere of fear and increase self-censorship of those exercising their freedom of expression, especially journalists, other media professionals and researchers. The decision also reinforces the principle that forum shopping is not allowed. The Supreme Court’s decision is final.

Ilkka Paananen Foundation – Legal assessment of a chatbot system using generative AI

We advised the Ilkka Paananen Foundation on a legal review relating to the use of a chatbot system utilising generative artificial intelligence. The AI system provides conversational support to young people experiencing mental health issues and various life crises. Our advice covered the AI Act, which regulates advanced AI systems, as well as data protection and other relevant local legislation.

eQ Commercial Properties Fund – Sale of a fully let light industrial property

We are assisting eQ Commercial Properties Fund in the sale of a fully let property to Logistea AB (publ), with an underlying property value of EUR 25 million. The property is transferred through the sale of the shares in the property-owning company Kiinteistö Oy Hämeenlinnan Länsiportintie 15. Logistea is a Swedish real estate company focusing on warehousing, logistic and light industrial properties, and its shares are listed on Nasdaq Stockholm. The property was built in 2012, and it is located in Hämeenlinna. The property has a total lettable area of approximately 21,700 square meters and the entire property is leased by Faerch Finland Oy, a fully owned subsidiary to Faerch A/S which is a leading provider of sustainable, circular food packaging solutions.

Gasum – Acquisition of NSR Biogas AB and Liquidgas Biofuels Genesis AB

We advised Gasum when it acquired 100% of the shares in NSR Biogas AB and the remaining 1/3 of the shares in Liquidgas Biofuels Genesis AB. Gasum has already been the majority owner of Liquidgas Biofuels Genesis AB since 2023 and is now acquiring full ownership. Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers.

Latest insights

21.5.2025 – Banking & Finance Sustainable finance reimagined: What you need to know about the 2025 updates to green, social, and sustainability-linked loan principles

Minna Korhonen

Anna-Sofia Alahuita

Minna Korhonen & Anna-Sofia Alahuita

21.5.2025 – Legal Transformation Being a Part of the Legal Transformation at Castrén & Snellman

Mia Ihamuotila

Paula Aura

Mia Ihamuotila & Paula Aura

15.5.2025 Latest regulatory developments for renewable energy in Finland

Marius af Schultén

Konsta Peussa

Marius af Schultén & Konsta Peussa

9.4.2025 – Dispute Resolution New European Court of Justice ruling C-537/23 sheds light on the interpretation and validity of asymmetric jurisdiction clauses – Implications for European businesses

Robin Ollus

Tuomas Lehtinen

Robin Ollus & Tuomas Lehtinen

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