Legal500

Attorneys at law Borenius Ltd

INNOPOLI 2, TEKNIIKANTIE 14, 02150 ESPOO, FINLAND

Tel:: Work +358 9 2517 7285
Fax:: Fax +358 9 6153 3499

Web:: www.borenius.com
Email:

Vilnius, Tampere, Tallinn, Riga, Helsinki, Espoo

What we say about the firm's legal practice in Finland

Banking and finance

Within Banking and finance, Attorneys at law Borenius Ltd is a second tier firm,

Attorneys at law Borenius Ltd continues to raise its profile in this arena by winning major financing mandates: for example, it acted alongside the UK’s Clifford Chance as advisers to the co-ordinating committee of lenders in the high-value restructuring of Myllykoski. Nordea Bank Finland is also a client. The ‘highly knowledgeable’ lawyers include practice head Andrei Aganimov.

Capital markets

Within Capital markets, Attorneys at law Borenius Ltd is a second tier firm,

Attorneys at law Borenius Ltd’a ‘very professional’ team attracts some top-quality deals, such as acting for Svenska Handelsbanken, Handelsbanken Capital Markets and Pohjola Bank as arrangers of a high-value notes issue, a deal led by practice head Ari-Pekka Saanio. Senior partner Jyrki Tähtinen provides valuable support.

Corporate and M&A

Within Corporate and M&A, Attorneys at law Borenius Ltd is a second tier firm,

Attorneys at law Borenius Ltd brings to bear its excellent corporate ability through a substantial team of partners led by the ‘very practical and down-to-earth’ Ari Kaarakainen. Recent highlights include acting for CapMan and the minority shareholders of OneMed Group on OneMed’s sale to 3i. Managing partner Jari Vikiö advised CapMan and Langholm funds on the restructuring of leading Finnish cosmetics company, Lumene Oy.

Dispute resolution

Within Dispute resolution, Attorneys at law Borenius Ltd is a second tier firm,

Attorneys at law Borenius Ltd has a large team and the ‘backup resources to take care of bigger assignments’. Clients include the state government and Finnish airport maintenance company Finnavia; the team advised the latter in a damages claim against Skanska. Riku Paanila shows ‘very wide and thorough legal competence and thoughtful business understanding’.

EU and competition

Within EU and competition, Attorneys at law Borenius Ltd is a first tier firm,

Attorneys at law Borenius Ltd is a regular in major antitrust and state aid cases, mainly due to the ‘in-depth knowledge’ of practice head Ilkka Aalto-Setälä and a strong supporting cast in Asko Lindqvist and telecoms expert Henriikka Piekkala. Piekkala also defended Nordea Bank Finland against an allegation of abuse of dominant position brought by seven other banks, and is representing all national television companies in the Supreme Administrative Court regarding digital television pricing.

Intellectual property

Within Intellectual property, Attorneys at law Borenius Ltd is a first tier firm,

Attorneys at law Borenius Ltd fields a large team of ‘highly knowledgeable lawyers who work their socks off for us’. Recommended individuals include practice head Pekka Tarkela and the ‘quite brilliant’ Lasse Laaksonen, who is ‘creative, thoughtful and a great strategist’. The firm is acting in two major pharmaceutical and medicinal product patent appeals.

Maritime and transport

Within Maritime and transport, Attorneys at law Borenius Ltd is a first tier firm,

Attorneys at law Borenius Ltd’s team is ‘excellent’, particularly for transport-related disputes. The firm is acting for a major cargo underwriter following the collision of two vessels in an ice channel, and handling various claims for a transport company. Maritime, transport and insurance specialist Ulla von Weissenberg is widely admired. Jan Aminoff retired in 2011.

Real estate and construction

Within Real estate and construction, Attorneys at law Borenius Ltd is a second tier firm,

Attorneys at law Borenius Ltd expanded its ‘talented’ real estate group by establishing the adjunct of a ‘superb’ environmental and infrastructure team led by Casper Herler. Christian Fogelholm, head of real estate transactions and energy, led advice to Citycon on its acquisition of Espagalleria, manager of the lease portfolio of Kämp Galleria, a deluxe shopping centre in Helsinki.

TMT

Within TMT , Attorneys at law Borenius Ltd is a first tier firm,

Attorneys at law Borenius Ltd’s TMT group advised the Finnish Broadcasting Company, Yleisradio, on the consultation and assessment of its HD channel pursuant to EU state aid rules. Head of IP rights and technology Pekka Tarkela is ‘particularly good’, and Samuli Simojoki and Ben Rapinoja are also recommended. Clients appreciate ‘how easily everything flows in this firm’.

Tax

Within Tax, Attorneys at law Borenius Ltd is a first tier firm,

Attorneys at law Borenius Ltd’s ‘solutions-oriented’ Janne Juusela is a leader in the field of tax and heads a sizeable team of experienced associates, most notably Sami Tuominen. Standalone advisory work included acting for Alexander Corporate Finance on management incentive structuring for several Finnish companies, while transactional support included representing CapMan and Langholm Capital on the tax aspects of the sale of shares in cosmetics company Lumene.

Further information on Attorneys at law Borenius Ltd

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Estonia

Offices in Tallinn

Finland

Offices in Espoo, Helsinki, and Tampere

Lithuania

Offices in Vilnius

Latvia

Offices in Riga

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Legal Developments by:
Attorneys at law Borenius Ltd

Court ruling on the Finnish CFC legislation

The Finnish CFC legislation implies that a Finnish company may be subject to income tax for its share of the profit of a CFC regardless of whether these profits are distributed by the CFC to its shareholders or not. A CFC is defined as a foreign corporation owned and controlled by a Finnish tax resident that pays income tax in its domicile at a rate less than 60% of the Finnish corporate income tax rate.

- Attorneys at law Borenius Ltd

Legal Developments in Finland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

The European Commission proposes stringent rules for high-frequency traders

The European Commission has recently introduced two important regulatory packages that seek to respond to the challenges posed by rapidly developing trading technologies, particularly so-called high frequency trading. If the new regulations are adopted as drafted, considerable changes are in store for both those entities that engage in high frequency trading and the trading venues providing them access to the market.

- Krogerus
Implications of competition law on information exchange - New book published in Finland

Lotta Uusitalo, Anne Petäjäniemi-Björklund and Leea Salminen, Attorneys at Law of Procopé & Hornborg, have written a book on the implications of competition law on information exchange.

- Procopé & Hornborg
New Waste Act to enter into force on May 1, 2012 in Finland

The EC waste directive (2008/98/EC) will be implemented in Finland by the new Finnish Waste Act, which will enter into force on May 1, 2012.

- Procopé & Hornborg
Construction 2012

Introduction Robert S Peckar Peckar & Abramson, PC 3

- Mäkitalo Rantanen & Co Ltd
Use of Legal Tools in Creating an Open Source Project or Business Model

Written by Martin von Willebrand

- HH Partners, Attorneys-at-Law, Ltd
Court ruling on the Finnish CFC legislation

The Finnish CFC legislation implies that a Finnish company may be subject to income tax for its share of the profit of a CFC regardless of whether these profits are distributed by the CFC to its shareholders or not. A CFC is defined as a foreign corporation owned and controlled by a Finnish tax resident that pays income tax in its domicile at a rate less than 60% of the Finnish corporate income tax rate.

- Attorneys at law Borenius Ltd
Cross-border merger case to ECJ

The Finnish Supreme Administrative Court decided on 7 March 2011 (KHO 2011:21) to request for a preliminary ruling from the Court of Justice of the European Union (ECJ) concerning the question whether a Finnish parent company may deduct the final tax losses of its Swedish subsidiary after a cross-border merger.

- Attorneys at law Borenius Ltd
The European Commission proposes a system of common consolidated corporate tax base

The European Commission presented on 16 March 2011 a proposal that calls for a common system for calculating the tax base of business operating in the EU. At the moment, a company active within the whole EU can be forced to comply with up to 27 different national tax systems. The new Common Consolidated Corporate Tax Base (CCCTB) seeks to reduce the administrative burden, compliance costs and legal uncertainties by creating a "one-stop-shop" system where the profits and losses across the EU could be consolidated.

- Attorneys at law Borenius Ltd
Owner's obligations at acceptance inspection clarified by the Helsinki Appellate Court

By its decision 18 February 2011 (S09/3055) the Helsinki Appellate Court confirmed that an owner is entitled to rely on the quality assurance of a well-known construction company at an acceptance inspection. The court held that the owner is entitled to demand rectification of construction defects and to claim damages for deficiencies discovered during the guarantee period.

- Attorneys at law Borenius Ltd
Tax-neutral exchange of shares case to ECJ

The Finnish Supreme Administrative Court (SAC) decided on 31 January 2011 (KHO:2011:10) to ask for a preliminary ruling from the Court of Justice of the European Union (ECJ) concerning the question whether a tax-neutral share exchange can be completed between a company residing in an EU country and a company residing in the European Economic Area (EEA) (such as Norway, Iceland and Liechtenstein).

- Attorneys at law Borenius Ltd