Mika Savola – our Head of Dispute Resolution in Helsinki, and Chair of the Board of the Arbitration Institute of the Finland Chamber of Commerce (“FAI”) – has recently published an extensive commentary on the Arbitration Rules of the Finland Chamber of Commerce (“FAI Rules”), which entered into force on 1 June 2013.
Hannes Snellman advised eQ Finnish Real Estate, a real estate fund launched by eQ Asset Management Ltd on 31 December 2014, in the fund’s first acquisitions of two properties with an aggregate value of 23 million euros from VR Pension Fund and Etera Mutual Pension Insurance Company.
As part of Hannes Snellman’s Corporate Social Responsibility work, the firm has again this year decided to donate funds for different charity causes.
Hannes Snellman acted as counsel to Patria Oyj in its acquisition of 26.8 % of the shares in Patria from Airbus Group. After the transaction the State of Finland will be the sole shareholder in Patria.
Hannes Snellman acted as counsel to AXA Real Estate in its acquisition of a prime CBD office property with an underlying property value of approx. MEUR 65 from a fund managed by Exilion Capital Oy.
Swedish Real Estate & Construction specialist Safa Mahmoudi and Finnish Dispute Resolution specialist Kimmo Heikkinen become partners in Hannes Snellman on 1 January 2015
Hannes Snellman acted as counsel to Valedo on its divestment of Perten Instruments to PerkinElmer. Perten Instruments is a leading supplier of advanced analytical instruments for quality control of food, grain, flour and feed.
Hannes Snellman acted as counsel to Ratos in its acquisition of Ledil Oy from the company founders. Ledil is a leading global player in secondary optics for LED lighting.
Hannes Snellman acted as counsel to DIBS Payment Services in the public takeover offer for the shares in DIBS made by Nets Holding A/S. Nets offers SEK 82.50 per share in DIBS. The offer represents a premium of 45 per cent compared to the closing share price the last trading day before the announcement of the offer. The offer values DIBS to SEK 790 million.