Insolvency

    • Acted as the restructuring administrator of Finndomo Oy, a major manufacturer of prefabricated houses. The mandate of the administrator was followed by that of a supervisor for the observance of the restructuring programme verified by the court. 
    • Acted as the administrator of Moventas Santasalo Oy, a large Finnish manufacturer of industrial gears. The administrator's proposal for restructuring programme was exceptionally based on a sale of debtor company's shares and it was approved in a path breaking expedited proceedings. The mandate of the administrator was followed by that of a joint supervisor for Moventas Wind Oy and Moventas Santasalo Oy 
    • Refinancing and formal restructuring in relation to a large Finnish chain store  
    • Acting as the chairman of the creditors’ committee representing lessor creditors in one of the largest and most complex ongoing bankruptcy proceedings in Finland 
    • Acting as a member of Creditors' Committee representing secured creditors in one of the largest ongoing bankruptcy proceedings in Finland 
    • Acted as the administrator for more than 200,000 creditors in the largest-ever restructuring of a Finnish conglomerate, Eka Corporation. 
    • 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 for 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 for a bankruptcy estate of a building contractor in a number of disputes relating to various building contracts against construction firms, building developers, municipalities, a city and the state of Finland. 
    • The Finnish public body 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. 
    • Acted for a bankruptcy estate of a major Finnish company against a leading Finnish bank in precedential court proceedings concerning the validity of a pledge given by the company on behalf of its parent. Following the dismissal of our claim by the District Court and the Court of Appeal, the Supreme Court of Finland reversed the lower courts’ decisions, declared the pledge invalid and ordered the bank to pay substantial compensation to the bankruptcy estate.