Corporate and Commercial Litigation

  • 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. 
  • 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. 
  • A Finnish company in court proceedings against a Saudi-Arabian partner concerning obligations based on a shareholders’ agreement. The case was successfully settled. 
  • 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. 
  • A Finnish listed company against a state-owned company in a landmark damages litigation regarding the compensation of direct and indirect losses under the Finnish Sale of Goods Act. The case resulted in a precedent issued by the Supreme Court of Finland.
  • 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. 
  • 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. 
  • 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. 
  • 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 inappropriate and prohibiting the competitor from continuing them. 
  • 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.