Times are changing. It seems that we are now collectively becoming concerned for the most basic things in our lives: our homes, our families, our society and our businesses. At the same time we in Finland are grateful for our freedom: the merits of free democracy are clearer than ever, and we are comforted by even the slightest signals of it holding up when things get tough.
There are no easy matters on the management’s agenda: the war in Ukraine, recessionary fears, soaring inflation and the energy and climate crises have an impact on the economy and business activity. The increasing protectionism in the USA is also worrying from the European point of view.
It would be easy to join those who complain. Yet every crisis has its silver lining and gives rise to new opportunities that are creatively leveraged by some. If you have the courage to act, you can outshine your competitors even on rainy days. To find impressive and inspiring success stories, just take a look at Finnish unicorns.
The one thing we should not do is stay huddled in our own homes. We should venture out into the world with open minds and brave hearts to grow and learn. And when we come back with a bag full of new experiences and ideas, it is time to greet our home again, to turn on the lights and see things with fresh eyes.
We should also remember to cherish our partnerships. Our job at Castrén & Snellman is to help our clients make the right decisions and succeed in good times and bad.
Right now, the list of things to tackle might seem long. However, our belief in sustainable success stories remains strong, and we will continue to build them together with you also in the coming year.
We wish to thank our clients and business partners for your trust and great cooperation this year!
Latest insights
Article published 26.10.2026 – FDI Regulatory Service
Reform of Finnish FDI screening moves forward: significant changes and broader scope
Article published 1.10.2026 – Financial Regulation
New EU-driven banking M&A rules entered into force in Finland on 1 October 2026
Article published 24.9.2026 – Environment, Energy & Green Transition
Electricity Market Act: Proposed priority procedure to significantly change new electricity network connections in situations of scarce capacity
Article published 11.9.2026
Finland proposes a new data centre register – draft legislation open for comments
Kiti Karvinen, Joachim Wik & Johanna Kyllöinen
Hannu Huotilainen
Marius af Schultén, Kanerva Sunila, Samuli Tarkiainen, Jonas Holm & Noora Ahonen
Marius af Schultén, Antti Kaakkola, Samuli Tarkiainen, Mikko Alakare, Janne Juusela & Jerker Pitkänen
Latest references
Foundation Clinic – Funding Round
We advised Foundation Clinic in connection with its funding round backed by a group of prominent Finnish technology entrepreneurs and investors, including founders behind Supercell and Wolt. Foundation Clinic is a Finnish healthcare company developing a new approach to private healthcare focused on preventive, data-driven and continuous care. The company aims to combine comprehensive health data with ongoing medical care to identify and address health risks at an early stage.
Case published 29.10.2026
Delta Capacity – Project financing of two battery energy storage systems (BESS)
We advised Delta Capacity AG in a project financing of two battery energy storage systems (BESS). The financed projects are among the largest BESS developments in Finland to enter construction with 250 MW / 600 MWh combined capacity. The financing was provided by Société Générale with support from Finnvera. Construction of both projects, located in Lapinlahti and Teuva, has already begun and the commercial operations are targeted to commence in late 2027 with partial tolling agreements already in place for both assets. The project in Lapinlahti is executed in partnership with Covenergo, while the project in Teuva is executed in partnership with Strioga Family Foundation. Delta Capacity is a Swiss developer of utility-scale battery storage systems. The projects strengthen Delta Capacity’s growing Nordic portfolio and support the flexibility of Finland’s electricity system by adding energy storage capacity, enabling production optimization as well as participation in electricity markets and reserve services.
Case published 28.10.2026
Martela Corporation – Directed share issue and combination of share series
We acted as legal adviser to Martela Corporation in its directed share issue, through which Martela raised gross proceeds of approximately EUR 7.2 million to strengthen the company’s financial position and liquidity and to create headroom for continuing the necessary development and efficiency measures. In connection with the directed share issue, Martela’s unlisted series K shares, which carried greater voting rights, were combined with its listed series A shares. Following the combination, the company has only one share series, which is traded on the regulated market maintained by Nasdaq Helsinki Ltd, with each share carrying one vote and otherwise identical rights. Martela is a Nordic leader specialising in user-centric working and learning environments. With over 80 years of experience, Martela creates the best places to work and offers its customers the Martela Lifecycle solutions which combine furniture and related services into a seamless whole.
Case published 27.10.2026
Banyan Software – Acquisition of Carus Ferry
We acted as legal adviser to Banyan Software on its acquisition of Carus Ferry, a Finland-based provider of reservation, check-in and port operations software for ferry and passenger shipping operators. The acquisition further strengthens Banyan Software’s presence in the Nordic region while providing Carus with a long-term partner to support its continued growth and development. Carus was founded in 1998 and is headquartered in Mariehamn on the Åland Islands, Finland. The company develops mission-critical software for ferry, cruise and passenger shipping operators, covering the full passenger journey from booking and ticketing to capacity management, check-in and boarding. Carus also provides port automation, onboard sales systems and business information tools. The company serves approximately 30 operators across four continents and is the largest vendor by customer count in ferry reservation and departure control. Banyan Software is an acquirer and long-term operator of mission-critical software businesses serving specialised industries. Founded in 2016, Banyan follows a buy-and-hold-for-life approach and supports the long-term growth and development of its portfolio companies. Banyan operates more than 130 portfolio companies across North and South America, the United Kingdom, Europe and APAC. Following the acquisition of Carus, Banyan operates three businesses in the Nordic region.
Case published 20.10.2026