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 assisted Smarter Contracts Ltd in the process where the Finnish Transport and Communications Agency Traficom confirmed it to be an EU-recognised data intermediation service. Non-EU companies must have a legal representative in some EU country so that they can offer data intermediation services in accordance with the Data Governance Act. Smarter Contracts is based in Great Britain and selected Finland for the task. Smarter Contracts is the first non-EU data intermediation service registered by Traficom. Wayne Lloyd, Founder & CEO of Smarter Contracts, remarked:  The support from the Castrén team was exceptional from start to finish. Pioneering new territory is never without its challenges, and as the first non-EU data intermediation service provider, we faced significant legal uncertainties. Despite these complexities, the Castrén team expertly guided us through each step with remarkable efficiency, providing the certainty we needed. Smarter Contracts leverages its proprietary Pulse Permissions Protocol® to deliver advanced consent and access rights management services. This milestone highlights Castrén & Snellman’s proficiency in navigating intricate regulatory landscapes, whilst recognising the relevance of Smarter Contracts’ innovative approach to secure, compliant data management.
Case published 11.12.2024
We assisted Pharmaca Health Intelligence in its acquisition of Mediaattori Ltd’s PODIUM Connect® and PODIUM Visits businesses. Through the acquisition, Pharmaca Health Intelligence strengthens its extensive service offerings in medical information, data-driven management, and education for both healthcare and pharmaceutical companies. Pharmaca Health Intelligence is a pioneer in digital medical information and a reliable partner for wellbeing services counties, the private healthcare sector and pharmacies. The company invests in the development of technology and service solutions related to pharmaceutical information, also on an international scale.
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We advised Gasum Oy in its acquisition of 100% of the shares in Hærup Biogas ApS, which owns and operates a biogas plant in the northern part of mainland Denmark. This acquisition marks Gasum’s first biogas plant in Denmark, expanding its biogas production portfolio. Gasum’s strategic goal is to bring seven terawatt hours of renewable gas to the Nordic market yearly by 2027. The acquisition is one step towards achieving the strategic goal. 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. 
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We are advising Helkama-Autokauppa Oy in the acquisition of the Škoda dealerships in Helsinki and Tampere from Hedin Automotive Finland. The transaction is subject to regulatory approval. Helkama-Autokauppa Oy operates as an independent dealer in the dealer network of Helkama-Auto Oy, the Finnish importer of Škoda cars, spare parts and accessories.
Case published 3.12.2024