Anna-Maria TamminenPartner | Helsinki
Hannes Snellman’s Dispute Resolution Practice has a long and proven track record of generating successful results for the firm’s clients. We advise clients in their business disputes, regulatory investigations, and cases of insolvency. We have a wealth of experience in domestic civil and administrative litigation, as well as cross-border litigation, including precautionary measures. We act for clients in both ad-hoc and administered arbitration proceedings and draw from our experience acting as arbitrators. We can best assist clients in reaching informed settlements when we are involved early through negotiations and mediation and other forms of alternative dispute resolution.
With a focus on complex international cases, we provide a dedicated cross-border team of experts who litigate and arbitrate disputes across different business sectors and under a wide variety of jurisdictions in an efficient and result-oriented manner.
Hannes Snellman acted as counsel to NYAB Finland Oy in court proceedings to contest the termination of two construction contracts, relating to construction of a water treatment facility, where NYAB Finland Oy was the contractor and the City of Mikkeli was the employer. Mikkeli terminated the contracts mid-construction in March 2020. In December 2022, the Etelä-Savo District Court ruled that Mikkeli had no grounds for termination and awarded NYAB Finland Oy EUR 8.8 million (out of a claimed EUR 9.3 million) in damages, unpaid work, and costs, plus interest. Following the District Court ruling, the parties agreed on a settlement, whereby Mikkeli does not appeal and pays NYAB Finland Oy the sums awarded by the District Court plus interest up to a total of EUR 9.2 million.
Hannes Snellman acted as counsel in two precedential cases determining the invalidity of intra-EU arbitral awards in Sweden. Both cases concerned the application of EU law principles expressed in the European Court of Justice’s (ECJ) Achmea judgment and the case law following the judgment. Hannes Snellman successfully represented the Republic of Poland in the Swedish Supreme Court, where the arbitral awards were declared invalid on the basis of Section 33(2) of the Swedish Arbitration Act. We also successfully represented the Kingdom of Spain in the Svea Court of Appeal regarding an application to invalidate or set aside an intra-EU arbitral award under the Energy Charter Treaty.
Counsel to a leading Finnish company by successfully representing them in an external investigation concerning alleged breach of applicable regulations.
Counsel to a significant Finnish company as an investigator in an internal investigation regarding substantial financial misconduct and alleged derelictions. The monetary value at stake amounted to millions of euro. The investigation involved AI assisted review of thousands of documents and a number of interviews.
Counsel to an international organisation as an investigator. The internal investigation concerned suspected harassment, discrimination, and financial misconduct over an extended period of time.
Acting for a EU member state in the proceedings for the setting aside of an investment treaty award before the Svea Court of Appeal and Swedish Supreme Court, Stockholm
Acting for UPM-Kymmene Oyj in the largest ever Finnish follow-on damages litigation in which Metsähallitus originally claimed a capital amount of nearly 282 million euros in damages jointly and severally from Finnish forestry companies Stora Enso, UPM and Metsäliitto.
Acting for an international manufacturer against a Nordic company in a multibillion SEK dispute arbitrated in Stockholm under the SCC Rules and Swedish applicable law.
Acting for a Central European company against a Russian corporation in a multimillion dollar dispute arbitrated in Stockholm under the SCC Rules and Russian and Swedish applicable law.
Acting for a Finnish listed company against a Danish corporation in a high-value engineering dispute mediated and arbitrated in Copenhagen under the DIA Rules and Danish applicable law.
Acting for an EU member state in proceedings for the setting aside of an investment treaty award under the Energy Charter Treaty.
Acting for a contractor in arbitral proceedings against the employer regarding a large infrastructure project.
Acting for a global crane manufacturer in a product liability claim.
Acting for a listed pharmaceutical company in several litigation and arbitral proceedings regarding inter alia board liability.
Acting for a global gas and engineering group in several arbitral proceedings under the SCC rules as well as ad hoc proceedings concerning construction and gas supply.
Acting for an employer in arbitral proceedings regarding infrastructure investments.
Acting for a transportation service provider in arbitral proceedings regarding rolling stock.
Acting for a global insurance company in relation to environmental damage claims.
Acting for a Nordic insurance company in litigation proceedings regarding a collapsed railway bridge.
Counsel to an Asian based company in a complex cross border arbitration proceedings against a Finnish company undergoing liquidation proceedings conducted under the Arbitration Rules of the Finland Chamber of Commerce.
Counsel to a Finnish bank in a series of litigation against a company and the owner of the company in connection with collection of receivables, bankruptcy filing and enforcement of court judgements.
Counsel to a major foreign bank in an insolvency related complex cross border dispute against foreign companies regarding enforcement of secured assets located in Finland in accordance with the Finnish Enforcement Act.
Acted as public receiver nominated by the Bankruptcy Ombudsman in the bankruptcy of Kromipinta
Counsel to an international bank syndicate as a member of Creditors' Committee in an unique and complex cross border restructuring of a group of companies undergoing simultaneous formal restructuring proceedings in Finland and Sweden.
Counsel to one of the world’s leading pharmaceutical companies in contesting the decision of the Pharmaceuticals Pricing Board on the reimbursement of the company’s key product. As a result of the appeal made to the Supreme Administrative Court, the Board amended its negative reimbursement decision.
Counsel to a Finnish listed company against the Finnish Competition Authority in complex administrative proceedings concerning the authority’s obligation to produce documents to the parties involved in regulatory investigations. Our team of specialists successfully represented the client before the Supreme Administrative Court and obtained a precedential decision extending the parties’ access to documents.
Counsel to a major telecommunications company in court proceedings relating to a decision by the Finnish Communications Regulatory Authority, which had found our client to have significant market power in the market for call termination. Upon appeal, the Supreme Administrative Court annulled that decision and remitted the matter for new appraisal.
Counsel to a Finnish bank in EU cartel proceedings. The Commission alleged that our client – together with various other European banks – had infringed EU competition law by agreeing on charges for the exchange of Euro-zone currencies. The Commission dropped the case after we had successfully defended the client bank’s position.
Counsel to a major telecommunications company in three closely related court and arbitration proceedings in which certain other telecom companies claimed damages exceeding MEUR 500 from our client. They alleged that our client had abused a dominant position. All three private enforcement actions were successfully settled out of court.
Counsel to a listed Finnish company in complex cartel investigations by the FCA. Following proceedings that lasted more than four years – encompassing numerous requests for information, interviews and a statement of objections – the FCA closed the case without making any penalty payment proposal to the Market Court.
Counsel to a multinational company in a case where the FCA had proposed that the Market Court should impose a fine for alleged restrictions of parallel imports in the market for digital cameras. Both the Market Court and the Supreme Administrative Court rejected the penalty payment proposal in its entirety.
Counsel to a Finnish listed company against the FCA in the largest-ever cartel proceedings brought before Finnish courts, where the proposed fines on the basis of alleged bid-rigging and market sharing amounted to MEUR 97.
Counsel to a leading company in a matter concerning alleged resale price maintenance, to date the largest case in Finland concerning vertical restrictions.
Counsel to a public company in a cartel investigation, where the Finnish Competition Authority (FCA) ceased the handling of the case without finding any infringement.
Counsel to an international company in private enforcement litigation, where the claimant seek damages from our client alleging that the agreement between the parties infringed competition rules. In one of the first private enforcement rulings by Finnish general courts, the District Court ruled in favour of our client dismissing all claims. Upon appeal, the Court of Appeal upheld the decision.
Counsel to clients in a number of large pending public and private enforcement procedures.
Counsel to a bankruptcy estate of a limited liability company in its pending claims against the managing director, Board members and auditors of the company regarding compensation for losses caused by the respondents.
Acted as the sole administrator for more than 10,000 creditors in the first large bankruptcy procedure under the new Finnish bankruptcy law, Töölö Travel Agency Ltd.
Acted as the administrator for more than 200,000 creditors in the largest-ever restructuring of a Finnish conglomerate, Eka Corporation.
Counsel to Finnish and foreign computer game companies in various disputes relating to an international licensing agreement.
Counsel to a well-known Finnish movie director in a widely published dispute regarding intellectual property rights to a motion picture.
Counsel to a Finnish sports federation in a high-value dispute against a foreign party over a broadcasting agreement.
Counsel to a leading Finnish sports stadium company in a dispute concerning the services at the stadium.
Counsel to a foreign top level ice hockey club in an international debt collection case relating to player agreements.
Counsel to a leading Finnish skiing equipment manufacturer and a sponsor in a dispute against another sponsor concerning athletes’ image rights.
Counsel to a Finnish top-ranking basketball club in a dispute regarding termination of a foreign player’s employment agreement.
Counsel to a major Nordic fitness centre chain in a dispute regarding personal injury.
Counsel to a Finnish professional football club in cases concerning a stadium project, league license and youth academy.
Counsel to a Finnish sports federation in a dispute concerning an agreement on World Championships.
Counsel to a foreign Olympic gold medallist and World Cup winner in a dispute regarding the termination of a sponsorship agreement.
Counsel to Novartis Finland Oy in a patent dispute before the Market Court.
Counsel to a leading multinational software company against another major corporation operating in the same branch of industry in a major trademark dispute pending simultaneously before venues in various countries. We secured our client’s position by winning the injunction proceedings, after which the dispute was settled.
Counsel to a Finnish financial institution in a trademark dispute regarding colour. The adverse party’s claim regarding interim injunction was rejected and the case was settled on terms favorable to our client.
Counsel to leading playground manufacturer in an alleged trademark infringement and unfair business practices dispute. The case was successfully settled out of court.
Counsel to a leading Finnish broadcasting and media company against another one in a dispute concerning suspected infringement of copyrights to photographs.
Counsel to Marimekko Corporation in a trademark and copyright litigation regarding counterfeits before the District Court of Ylivieska-Raahe. The seller of counterfeits was sentenced to fines and pay damages to Marimekko.
Counsel to Valmet Corporation in a patent dispute. The case was successfully settled out of court.
Counsel to a Finnish public company in arbitration regarding a complex contractual software application licensing dispute. The arbitral award was rendered on terms favorable to our client.
Counsel to a Finnish company in Market Court proceedings initiated by a competitor, who accused our client of untrue allegations and unfair business practices. The Market Court ruled in favour of our client, finding the competitor’s allegations unsubstantiated.
Counsel to a Finnish bank in Market Court proceedings concerning certain marketing measures taken by a competitor which our client considered contrary to fair business practices. The Market Court approved our application, finding the measures the competitor from continuing them.
Counsel to Microsoft Corporation in a domain name dispute before the Market Court regarding domain name onedrive.fi. The case was settled on terms favorable to our client and the disputed domain name was transferred to our client.
Counsel to a Finnish public company in a domain name dispute before the WIPO Arbitration and Mediation Center. The case was settled on terms favorable to our client and the disputed domain name was transferred to our client.
Counsel to a Finnish company in a dispute against a well-known UK supplier concerning the delivery of turbines to Russia and services related thereto. The dispute also involved complicated issues related to a first demand guarantee granted by a UK bank to a Finnish bank, which we also advised in the matter. The client won the ICC arbitration and the claimant withdrew the rest of its claims
Counsel to a financing company in an arbitration against a bankruptcy estate concerning the reservation of title to machinery under a major supply contract
Counsel to the Finnish Guarantee Board in a number of recovery proceedings against the bankruptcy estate of a major Finnish company. The total value of these cases was several hundred million euro.
Counsel to a Finnish bank against an Iranian state-owned bank concerning performance guarantees given by Finnish building companies in a construction project in Teheran. To the satisfaction of the Finnish bank, the Supreme Court dismissed all claims of the Iranian state-owned bank as the execution of the project became impossible due to acts of the Iranian state and because the Iranian bank claimant was considered to be under the control of the state.
Counsel to a Finnish company, which had financed an Estonian entrepreneur, in negotiations regarding the calling on a bank guarantee. The Estonian bank accepted to pay despite unclear wording.
Counsel to two Finnish companies as the developer and the building owner in a construction dispute against a Finnish listed contractor. The dispute concerned an enlargement of a major shopping centre. The contractor presented various claims against our clients exceeding 5 MEUR on the basis of e.g. alleged plan modifications, alteration works and time extension. Following extensive negotiations the dispute was resolved amicably in favour of our clients
Counsel to a Finnish listed company as the end user of a large building project against a major building developer in a multi-million euro construction and engineering arbitration governed by the Arbitration Rules of the Central Chamber of Commerce of Finland. The dispute concerned the building costs, alleged faults in plan management and instructions, additional and modification works as well as project management liabilities.
Counsel to a Finnish listed company against a Finnish real estate company in an arbitration governed by the Arbitration Rules of the Central Chamber of Commerce of Finland. The dispute concerned a major shopping centre project and the adjustment of particular contractual provisions based on the building costs of the project. Following our successful defence, the claimant's claims (exceeding MEUR 10) against our client were dismissed in their entirety.
Counsel to a Danish company against a Finnish subcontractor in a landmark damages litigation regarding the issue of whether a letter of intent, concluded between the parties in connection with the construction of a power plant, constituted de facto a binding contract that required our client to provide certain works to the Finnish subcontractor. The case proceeded to the Supreme Court, which reversed the lower courts’ decisions and dismissed all claims against our client.
Counsel to a globally leading consulting and engineering company in court proceedings regarding the application of a limitation on a structural engineer’s liability contained in a consultancy agreement in a situation where the damage had occurred to a third party. After the District Court had ruled in favour of our client, the adverse party withdrew its claim and accepted to compensate all legal costs incurred by our client.
Counsel to a producer of hydraulic equipment in proceedings before a Finnish District Court against a US claimant. The producer was successfully defended against claims that the components (the vast majority of which had broken during their use) were flawed with a manufacturing defect. The case was of significant monetary value and involved extensive and technically complex evidence as well as high-profile technical experts.
Counsel to a Finnish listed company as the building owner against a contractor in a complex construction dispute before a Finnish District Court. The dispute concerned termination of a construction contract, various claims for damages, claims for the reduction of contract price, claims for additional payments on the basis of alleged plan modifications and several other topical issues regarding the application of the General Conditions for Building Contracts (YSE 1998). The proceedings included a six-week hearing with over 50 witnesses and extensive presentations of highly technical evidence concerning e.g. the structural and architectural plans of the project.
Counsel to a Finnish engineering consortium in an ad hoc arbitration seated in Switzerland against a Turkish customer who had ordered a power plant. The applicable material law was Turkish law while Swiss procedural law applied.
Counsel to a Russian subsidiary of a Finnish construction company against a Russian subsidiary of a major multinational retail company as the building owner in an arbitration governed by the SCC Arbitration Rules and Swedish material law. The dispute concerned a major construction project in Russia with claims exceeding MUSD 75. Apart from the main arbitration proceedings before a Stockholm-based arbitral tribunal, complicated court proceedings regarding the attachment of the counterparty's assets (totalling MUSD 18) based on first demand guarantees took place before the Supreme Court of Finland. After the tribunal had issued a partial award in the case, the dispute ended in a settlement favourable to our client.
Counsel to a major Finnish listed company as the end user of a large and highly complex industrial plant in an ad hoc construction & engineering arbitration under the Finnish Arbitration Act, the value of the dispute exceeding MEUR 120.
Counsel to one of the leading auditing companies in Finland and two of its auditors in a hearing held before the Auditing Board of the Finnish Central Chamber of Commerce regarding whether the auditors had acted contrary to the good auditing practice.
Counsel to auditors of a bankrupt company in a dispute relating to managerial and auditor liability, including issues concerning the correctness of the closing of the accounts in bankruptcy. The interests at stake were significant in these cases, which were settled to the client’s satisfaction.
Counsel to a foreign public company against a Russian counterparty in a complex, Russia-related international arbitration and numerous simultaneous court proceedings concerning a breach of a shareholders’ agreement and various company law related issues.
Counsel to a Finnish company in court proceedings against a Saudi-Arabian partner concerning obligations based on a shareholders’ agreement. The case was successfully settled.
Counsel to a Finnish company in court proceedings where the other party contested a decision to switch to a single series of shares and made a petition to prevent the completion of the sale of the company. Victory was secured for our client, which was crucial for the success of the sale.
Counsel to a Finnish company in two company-law related landmark cases before Finnish courts. In one of the cases, the court held – to the satisfaction of our client and contrary to the wording of the Finnish Companies Act, some legal commentaries on the statute and statements by legal scholars – that a minority shareholder may under certain circumstances contest a Board decision to issue shares. The other case, which involved issues relating to a poison pill in the articles of association, was won in the Supreme Court.
Counsel to UPM-Kymmene Oyj in the largest ever Finnish follow-on damages litigation in which Metsähallitus originally claimed a capital amount of nearly 282 million euros in damages jointly and severally from Finnish forestry companies Stora Enso, UPM and Metsäliitto. The client was represented succesfully.
Counsel to a Finnish company in an ad hoc arbitration against a Dutch company concerning the termination of an agency agreement
Counsel to a Finnish company against an Estonian company in a Helsinki-based ICC arbitration regarding the delivery of certain technical equipment
Counsel to a Finnish supplier against two Russian enterprises in a dispute arising from project agreements governed by Swiss law. The agreements provide for arbitration in Zurich under the Swiss Rules of International Arbitration. The value of the dispute exceeds MEUR 30.
Counsel to a Finnish listed company against an Indonesian corporation in a dispute arising out of a supply contract under Singaporean law. The arbitration is governed by the SIAC Rules and seated in Singapore.
Counsel to a Swiss company against a Societas Europaea in a dispute over subcontractor’s liability under a manufacturing agreement in an arbitration governed by the Rules of the Arbitration Institute of the Finland Chamber of Commerce.
Counsel to a Finnish manufacturer against a Chinese customer in a construction and engineering dispute under the ICC Arbitration Rules seated in Paris.
Counsel to a Finnish listed company against a Latin American counterparty in a multi-million euro dispute over the termination of a distribution agreement and unlawful use of our client’s intellectual property rights. Apart from the main arbitral proceedings seated in Helsinki, the case involved convoluted injunction and criminal proceedings before Brazilian state courts.
Counsel to a multinational telecom company against two other telecom companies in convoluted court and arbitration proceedings in which the counterparties claimed damages exceeding MEUR 500 from our client based on purported abuse of dominant market position.
Counsel to a German listed company against a major Finnish corporation in a competition-law related M&A dispute resolved under the ICC Arbitration Rules in Stockholm, the value of the dispute exceeding MEUR 60
Counsel to a Finnish financing company in a reinsurance dispute against UK reinsurers in a London-based UNCITRAL arbitration.
Counsel to a Swiss company against a Finnish corporation in an oil and gas related dispute. The case was settled in an ad hoc arbitration under the Finnish Arbitration Act.
Counsel to one of the world’s leading manufacturers of medical equipment in an ad hoc arbitration against Kuwaitian and Portuguese companies over the termination of a distributorship agreement, involving complicated questions of applicable law.
Counsel to a Finnish engineering consortium in an ad hoc arbitration in Switzerland against a Turkish customer who had ordered a power plant. The applicable material law was Turkish law while Swiss arbitration law applied.
Counsel to a Russian subsidiary of a Finnish construction company against a Russian subsidiary of a multinational retail company as the building owner in an arbitration governed by the SCC Arbitration Rules. The dispute concerned a large construction project in Russia with claims exceeding MUSD 75. Apart from the main arbitration proceedings before a Stockholm-based arbitral tribunal, complicated court proceedings regarding the attachment of the counterparty’s assets (totalling MUSD 18) based on first demand guarantees took place before the Supreme Court of Finland.
Counsel to Finnish and foreign banks in an investment treaty arbitration against a former Eastern-bloc state under the ICSID Arbitration Rules. This was the first-ever BIT dispute involving Finnish companies.
Counsel to a Latin American industrial client against a Finnish listed company and its foreign subsidiary in a high-value construction and engineering dispute resolved in parallel arbitration proceedings conducted under the ICC and Finnish arbitration rules.
Counsel to a Norwegian company in a dispute over a shareholders’ agreement between our client and Russian shareholders relating to joint operations in Russia. The case was arbitrated and litigated in several legal proceedings in Russia and Finland.
Counsel to a German listed company against a major Finnish corporation in a complex M&A dispute under the ICC Arbitration Rules seated in Helsinki. The interest at stake amounted to MEUR 700.
Counsel to a Finnish construction developer against a Danish company in a Stockholm-based SCC arbitration regarding the sale and purchase of shares of a Russian company
Counsel to a Norwegian company against a Finnish listed company in a dispute concerning alleged breach of a non-compete covenant set out in a M&A agreement. The case was settled before the arbitral award was rendered on terms favourable to our client.
Counsel to a Finnish listed company as respondent against a US claimant in a complex international ad hoc arbitration concerning alleged breach of the Seller’s representations and warranties in a M&A agreement. The tribunal ruled in favour of our client, dismissing the claimant's claims which exceeded MEUR 10.
Counsel to a manufacturer of fibre solutions, who had purchased the business of another company, in an ad hoc arbitration against the seller company regarding the significance of false business prognoses. The case ended in the parties settling it on terms favourable to the client manufacturer.
Counsel to a major German company against a Finnish listed company in a multi-million euro M&A dispute concerning the validity of a non-competition clause in a M&A agreement. The case, which was resolved under the ICC Arbitration Rules in Sweden, involved difficult legal questions relating to application of EC competition rules and assessment of damages. After two extensive hearings and proceedings that lasted for several years, the arbitral tribunal dismissed all claims against our client.
Counsel to the claimant in a precedent appeal to the Supreme Administrative Court against the Finnish Government’s decision to allocate radio licences.
Counsel to a Finnish subsidiary of a globally operating energy and oil company in a dispute against a Finnish city regarding liability for a polluted port. The dispute ended in a favourable settlement.
Counsel to a Finnish company in criminal investigations regarding liability for environmental damage due to alleged emission of cyanide. The proceedings ended as the charges against our client were waived.
Counsel to a sports magazine in an alleged trademark infringement and industrial property crime case. Following our successful defence, the client was acquitted of the charges.
Counsel to a Finnish company in a damages litigation regarding the application of the Unfair Business Practices Act in a case where the defendant – a major retail chain – had copied a retail trade system for its own use. The dispute was successfully settled out of court.
Counsel to a major Swedish company as plaintiff in a civil case where the defendants had copied a database and extracted some of its contents for their own database. The case involved extensive research of technical evidence and its legal implications. The client’s claims were successful and the defendants were found liable for the infringement.
Counsel to a major US corporation in a criminal case concerning copyright crime and misappropriation of proprietary information, where the information and material protected by copyright were acquired in connection with an acquisition of a technology company. Following the completion of the transaction, part of the material was transferred to a new competing business entity established by some of the former shareholders of the acquired company. The case involved extensive investigation of a large amount of detailed technical evidence and its legal implications. Based on our prosecution, the main defendants were found guilty of copyright crime and misappropriation of proprietary information.
Counsel to a major Swedish company in its criminal claims regarding industrial espionage, misappropriation of proprietary information, copyright crime and misappropriation of technical examples. The case involved extensive research of technical evidence related to back-up systems, databases and alike. Based on our prosecution, the defendants were found guilty and received prison sentences.
Counsel to a Finnish listed company against a labour union in obtaining an ex parte injunction order, which permitted our client to collect its containers from a port blocked by the labour union on strike.
Obtained an ex parte temporary seizure of the counterparty’s database with a prohibition for the counterparty to use the information contained in the database. In practice, the seizure resulted in the complete ceasing of the counterparty’s business operations.
Obtained an injunction against the counterparty in a dispute over the IP rights to a software. The counterparty was ordered under penalty of a fine to refrain from making claims of ownership to third parties either directly or indirectly.
Obtained an injunction against a shareholder/seller of a company, prohibiting him from being employed by a competitor on the basis of a non-compete clause in a Share Purchase Agreement.
Obtained a precautionary measure whereby a contractor was obligated under penalty of a fine to continue executing his obligations under a construction contract.
Counsel to a director of a motion picture in an application to prohibit the distribution of the movie which violated the director’s IP rights. The case was settled soon after the application was submitted.
Counsel to various international banks in the successful freezing of assets located in Finland belonging to Russian corporations.
Obtained in Finland the first ex parte and inter partes injunction in a high-profile, worldwide trademark dispute. Our successful application opened the doors for further injunctions in other jurisdictions
Obtained the first-ever Anton Pillar order in Finland relating to main proceedings in the United States
Obtained an injunction prohibiting a trade union from continuing its strike that was claimed to be illegal.
Obtained the freezing of the counterparty’s receivables from a Finnish bank based on first demand guarantees issued by the bank.
Obtained a precautionary measure prohibiting the counterparty from presenting allegations to third parties that our client was violating the counterparty’s intellectual property rights.
Obtained the first ever anti-suit injunction in Finland in connection with an international dispute.
Counsel to a leading Finnish bank in a high-profile criminal case against the issuer of shares, sellers of shares, board members of the issuer and our client who organized the issuing and sale. The claim against our client was based on the prospectus. This was an exceptional case in that three state prosecutors were involved, and it received a lot of media attention. The District Court dismissed all charges against our client.
Counsel to a Finnish listed company in criminal proceedings concerning a breach of the duty of disclosure provided for in the Finnish Securities Market Act. To the satisfaction of our client, the case ended in waiver of charges
Counsel to various Finnish companies in connection with regulatory investigations conducted by the Finnish Financial Supervision Authority and in proceedings before the Disciplinary Board of the Helsinki Stock Exchange, concerning suspected infringements of securities market regulations and the Rules of the Stock Exchange.
Counsel to three former board members and the Chairman of a Finnish listed company as defendants in criminal proceedings concerning a suspected securities markets information offence. Following our successful defence in the District Court all charges against our clients were dismissed. The Court of Appeal upheld the decision regarding the three board members. Thus far this is one of the few cases concerning board members' criminal liability in securities markets information matters. The decision is final.
Counsel to a reinsurance company in an ad hoc arbitration against a direct insurer who declined its payment obligation. An award was issued in favour of the client reinsurer.
Counsel to a reinsurance company in a Finnish ad hoc arbitration against a direct insurer regarding the avoidance of credit reinsurance agreements. The interest at stake was MEUR 20. The case ended in the parties settling it on terms favourable for the client reinsurer.
Counsel to a major Finnish financing company in a reinsurance dispute against UK reinsurers in a London-based UNCITRAL arbitration. The value of the case – which was settled just before the rendering of the final award – amounted to MUSD 20.
Counsel to a Finnish life insurance company in court proceedings regarding a beneficiary’s right to a supplementary pension on the basis of a group pension policy in a situation where the amount of the policy savings was not sufficient.
Counsel to a multinational insurance company against a Finnish listed company in a liability insurance litigation concerning the policy coverage, policyholder’s improper claims management as well as the application of the statute of limitations on the policyholder’s claim for compensation.
Counsel to a multinational insurance company against a Finnish listed company in a dispute over whether certain costs incurred by the insured should be considered as salvage costs in the meaning of Sections 32 and 61 of the Finnish Insurance Contracts Act, and whether they fell outside the scope of the liability insurance coverage provided by our client insurer.
Counsel to a state-owned entity as the insured party against a major Finnish insurance company in court proceedings regarding the interpretation of a fire accident insurance policy. Both the District Court and the Court of Appeal granted our client’s monetary claims in full, and ordered the insurer to compensate all of our client's legal costs. The case is currently pending before the Supreme Court of Finland.
Counsel to a leading Finnish insurance company against a Finnish listed company in a complex liability insurance dispute concerning our client’s obligation to compensate the damage that occurred in the claimant’s industrial plant due to a power cut. The case resulted in a precedent issued by the Supreme Court of Finland.
Counsel to a multinational insurance company against the Finnish Consumer Ombudsman in court proceedings concerning whether our client had provided misleading information to an individual consumer who subscribed a unit-linked pension insurance policy from it. This was a landmark case with high monetary interest, as similar insurance policies had been sold to a large number of customers. The dispute resulted in a precedent issued by the Supreme Court of Finland.
Counsel to secured creditors as a member of Creditors' Committee in one of the largest ongoing bankruptcy proceedings in Finland