Enforcement of Pledges

Enforcement of Pledges

We have decades of practical experience of planning and implementing, as well as creating market practices concerning, the enforcement of pledges.

Pledge enforcement is often a viable option when a debtor has become insolvent. Depending on the situation, pledge enforcement can be employed as an independent procedure or in combination with execution or bankruptcy proceedings.

Close cooperation between our front-line Finnish finance and insolvency experts ensures that we will identify the legal and commercial challenges in any given pledge enforcement process and find the measures and means of carrying out the enforcement that best suit our clients’ goals. As our client you will have our extensive resources at your disposal and benefit from our efficient project management skills and processes.

Our clients are creditors on different capital levels, including domestic and international financial institutions and investors as well as debtor companies. 

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

Latest references

We advised OP Corporate Bank plc in a real estate financing arrangement relating to DHL Express logistics centre under construction near Helsinki Airport. In the arrangement Nrep (acting on behalf of NSF III Fund) and Pontos Group acquired Finavia’s stake of DHL Express logistics centre under construction. LEED Platinum certification will be applied for the project, and as a result of the certification, the facility is contemplated to qualify as a green loan after the construction completion date.
Case published 12.3.2025
We advised Gasum in chartering a new LNG and bio-LNG bunker vessel. The vessel called Celsius will serve Gasum’s customers starting 2027. The investment is part of Gasum’s strategy to secure the availability of LNG and bio-LNG to its customers in the Northwestern European area as demand increases in the coming years. 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. Sirius is a Swedish shipping company founded by the Backman family. Sirius operates 11 product/chemical tankers and 2 LNG tankers and has a further 3 product/chemical tankers under commercial management.
Case published 11.3.2025
Castren & Snellman Ebrands funding round
We assisted eBrands Holdings Oy in its latest funding round, during which the company raised 7.5 million euros. The new funding brings the company’s total raised capital to 50 million euros. The latest funding round was mainly led by the family investment company Veikko Laine, Varma Pension Fund, and operational shareholders. The funding will be used to develop eBrands’ AI-based Apollo market growth tool, which helps brands expand into sixty different markets and sales channels without local infrastructure or heavy investments. eBrands is an export platform that grows consumer brands globally through e-commerce and major retail channels. Specializing in the US and European markets, eBrands enables brands to internationalize with an export service model that reduces the risk and complexity associated with expansion by leveraging advanced technology. Founded in 2020, the Helsinki-based company’s team includes 75 people, and the company’s revenue exceeds 35 million euros.
Case published 11.3.2025
We advised the real estate investor and developer Nrep in a EUR 100 million construction project in Helsinki, which combines build-to-rent housing and care homes within the one scheme. A fund managed by Nrep (NSF V) purchased the plot of land in Herttoniemi, Helsinki and subsequently secured planning consent to deliver a hybrid living scheme. The modern complex will offer high-quality housing and care facilities for the elderly alongside rental accommodation. We advised Nrep in both the purchase of the plot and the contracting of the care and housing complex. A total of 425 apartments and 108 care homes will be delivered across four buildings on the site. Construction is scheduled to begin in autumn 2025, with delivery targeted in 2028. The project will be implemented in accordance with Nrep’s principles of sustainable construction. The buildings will be equipped with solar panels, geothermal heat will be used throughout, and low-emission green concrete and steel will be used as materials. 
Case published 6.3.2025