12.6.2019

The Idea of Finland

As Finnish society and politics are reorienting themselves, I cannot help but spend a moment thinking about what the idea of Finland will be in the future. How will the success story of an independent Finland that has developed into one of the world’s most well functioning societies continue? Climate change, trade wars, isolationism and the increasingly polarised and even hostile exchange of views cast shadows that make it easy to fall into pessimism.

Finland’s new government has taken the position that politics must provide people security and hope for a better tomorrow in a rapidly changing world. Politics and the public sector are important building blocks of a good world, but they are not the only ones. I persistently believe in the ability of individuals, communities and companies to face up to and solve problems. The solution can be found in every one of us—including as consumers. The state’s job is to provide a dynamic and fair legal environment to support this development. 

I have been happy to see how the Finnish business community has tackled the challenges of the day—whether in the form of biofuels, hybrid engines for cargo ships or green bonds. This change was not dictated by legislation or regulation, but had its start in companies and investors themselves seeing that reform is inevitable and also creates business opportunities.

We have also re-examined our own societal contributions at Castrén & Snellman. Sustainable and responsible business practices, such as caring for our employees and our environment, form one of the pillars of our firm.  Another pillar concerns our role as a corporate citizen. As a member of the Finnish Bar Association, we contribute to the rule of law and good legislation and engage in pro bono work in projects that benefit society as a whole.

Our third pillar—where our impact is the greatest—involves our clients: we help our clients meet the requirements of corporate responsibility in their businesses and to renew themselves sustainably. This is something we are focusing on more and more in all of the advice we provide.

Finland cannot solve global problems alone, but we can blaze a trail and be a responsible example for others. Disagreements are acceptable and to be expected, but we do need to find a shared way forward and put our trust both in ourselves and in each another. We need education, innovation, risk-taking, an international mind-set and, above all, hard work to ensure that Finland’s success story continues. Maybe that could be the idea of Finland.

Latest references

We are proud to have provided legal assistance to PwC in the successful public tendering process for the comprehensive renewal of Kela’s benefits processing systems. Kela is the Social Insurance Institution of Finland, and this project is a significant cornerstone in modernising Finland’s social security infrastructure. PwC was selected as Kela’s strategic partner to implement a comprehensive overhaul of the benefits processing systems, digital services, customer relationship management, and information exchange platforms. The project aims to meet the demands of the future digital environment and enhance customer experience through the adoption of Salesforce technology. The new systems are expected to simplify benefit processes, enhance user experience for both customers, employees and other stakeholders, and ensure adaptability to future legislative changes. Castrén & Snellman provided strategic legal support to PwC throughout its successful bidding process, which was carried out through a competitive negotiated procedure. We extend our warmest congratulations to PwC for their successful bid and look forward to seeing the positive impact of this project on Finland’s social security system.
Case published 24.4.2025
We advised Milexia Group, a portfolio company of the French PE sponsor Crédit Mutuel Equity, on its acquisition of the activities of Alpha Positron Oy, a Finnish distributor specializing in GPS/GNSS, time and frequency solutions for the electronics industry, process automation, corporate IT, defense, and other demanding markets. Milexia Group is one of the world’s leading European suppliers for high-quality electronic components, systems and scientific instruments technology. It has offices, warehouses and technical centres in France, Italy, Spain, the United Kingdom, Germany, Nordics and Hong Kong. The acquisition aligns with Milexia’s strategy to expand its presence in the Nordic region and enhance its portfolio of communication solutions.
Case published 24.4.2025
We are acting as legal advisor to Piippo Plc in the sale of their bale netwrap and baler twine machines, related assets, and trademarks used in Piippo’s business to Portuguese Cotesi S.A. The sale of assets will be carried out in two phases and the final completion of the transaction is expected to occur during the first quarter of 2026. Piippo Oyj’s core business is baling nets and twine and it is one of the leading suppliers in the industry globally. The company’s global distribution network covers more than 40 countries. The company’s shares are listed on the First North Growth Market Finland operated by Nasdaq Helsinki Oy. Founded in 1967, Cotesi is one of the world’s leading producers of synthetic and natural twines, nets and ropes, with operations in Europe, North America and South America and its main production plant in Vila Nova de Gaia, Portugal.
Case published 17.4.2025
We acted as Finnish legal adviser to KKR in connection with its acquisition of the entire share capital of Karo Healthcare from EQT. The transaction follows Karo’s significant strategic transformation from a Nordic specialty pharma business into a leading pan-European consumer healthcare platform, with an attractive product portfolio spanning core categories such as Skin Health, Foot Health, and Intimate Health, as well as Digestive Health and Vitamins, Minerals & Supplements. KKR & Co. Inc. (NYSE: KKR), is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.  Completion of the transaction is subject to customary conditions and regulatory approvals. The transaction is expected to close in the coming months.
Case published 17.4.2025