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There is increased interest from Asian investors in purchasing Nordic assets, as highlighted by Tencent’s history-making €10.2bn acquisition of Supercell, the largest ever in Finland. The capital markets remained active and 2016 saw its fair share of IPOs, although their frequency and value has dropped in comparison to previous years. The real estate sector saw a significant increase in activity, with several commercial, healthcare and residential projects underway in Helsinki.

Cartel cases are particularly prominent in the dispute resolution field, which is also seeing an increase in mediations and arbitrations. More firms are fielding dedicated data protection and cybersecurity teams as these areas increase in prominence. In IP, the patents market remains active. The employment arena has seen an increase in criminal litigation involving high-ranking company officials; and redundancy work is particularly prevalent given Finland’s economic situation.

Roschier, Hannes Snellman and Castrén & Snellman are market leaders, with Krogerus and Borenius also key players.

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