The Legal 500

MANNERHEIMINTIE 14 A, 9th FLOOR, 00100 HELSINKI
Tel:
Work +358 9 5860 100
Fax:
Fax +358 9 5860 1060
Web:
www.lmr.fi
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What we say about the firm's legal practice in Finland

Banking and finance

Within Banking and finance, LMR Attorneys Ltd is a second tier firm,

Finance is a core area at mid-sized firm LMR Attorneys Ltd, where the widely acknowledged expertise of partners Kimmo Mettälä and Janne Tuulos attract a string of major banks and international finance houses as clients. Deutsche Bank and Royal Bank of Scotland and other lenders were advised on senior and mezzanine loan facilities made available for Algeco.

Capital markets

Within Capital markets, LMR Attorneys Ltd is a third tier firm,

Talented finance expert Kimmo Mettälä at LMR Attorneys Ltd handles capital markets work, including high-value transactions. Recent instructions include acting for a major European bank in respect of ISDA master agreements entered into with mutual funds and pension institutions in Finland.

Corporate and M&A

Within Corporate and M&A, LMR Attorneys Ltd is a third tier firm,

Petri Morelius and Keijo Räikkönen at LMR Attorneys Ltd head up an active corporate and M&A practice at the firm, attracting some palatable international transactions. They include acting as Finnish counsel, alongside US firm Hogan & Hartson LLP, to On2 Technologies on its acquisition by Google, and advising Fennia Mutual Insurance on the sale of its Estonian insurance business to AS IF Eesti Kindlustus.

Dispute resolution

Within Dispute resolution , LMR Attorneys Ltd is a third tier firm,

LMR Attorneys Ltd has a busy practice of impressive clients and instructions, for example, successfully representing Sampo Bank in a €8m claim against Sponda regarding loan agreements. The firm is also defending Suomen Spar in a €2.5m claim concerning shareholders agreements, with Raimo Seppälä taking the lead role.

EU and competition

Within EU and competition, LMR Attorneys Ltd is a first tier firm,

Jukka Luostarinen at LMR Attorneys Ltd receives praise from across the market for his skill in this field as ‘a true competition law expert’. Together with Ilkka Leppihalme, the pair are ‘both excellent’ and ‘very international’ while the service is ‘among the best in Finland’. Current instructions include representing Viasat Broadcasting/Modern Times as intervener in merger control proceedings before the FCA.

Legal market overview

Within Legal market overview,

Other notable firms are distinguished for their expertise rather than size: LMR Attorneys Ltd and Waselius & Wist have first-class finance practices, while Merilampi shines in competition and dispute resolution. Dittmar & Indrenius and Hammarström Puhakka Partners, Attorneys Ltd are mid-sized full-service firms that capitalise well on conflict scenarios at the two leading firms. Hammarström Puhakka Partners, Attorneys Ltd merged with leading maritime practice Gahmberg & Co in 2009.

Maritime and transport

Within Maritime and transport, LMR Attorneys Ltd is a second tier firm,

Regular clients of LMR Attorneys Ltd include the Finnish state railway VR Group and its subsidiaries and HKL, the Helsinki City Transport Authority. Work highlights included investment in rolling stock, acquisition and divestiture of companies, procurement matters and dispute resolution.

Real estate and construction

Within Real estate and construction, LMR Attorneys Ltd is a third tier firm,

LMR Attorneys Ltd does not have a dedicated real estate team, but versatile partner Kimmo Mettälä has a proven track record in advising clients in this sector. He is currently acting for the seller of major commercial premises in international arbitration proceedings.

TMT

Within TMT , LMR Attorneys Ltd is a third tier firm,

Timo Ruikka joined LMR Attorneys Ltd from Nokia Corporation in 2009, joining US counsel Paul Herring in providing technology advice at the firm. Clients include On2 Technologies Finland, Medeia Therapeutics and Salcomp, the global developer and manufacturer of mobile phone chargers.


Legal Developments by:
LMR Attorneys Ltd

Legal Developments in Finland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Legal Alert - Finnish company's tax losses could be offset against Swedish parent's income

    In Sweden new rules on cross-border group consolidation allow Swedish parent companies to deduct a loss from a foreign subsidiary under certain strict conditions. The new rules are coming into force on July 1st 2010.
    - Borenius & Kemppinen
  • European Commission taking steps to removing tax obstacles to cross-border venture capital investmen

    Legal Alert - European Commission taking steps to removing tax obstacles to cross-border venture capital investments
    - Borenius & Kemppinen
  • Legal Alert - Intermediate report of the taxation development working group

    The taxation working group, appointed by the Ministry of Finance and led by Mr. Hetemäki, has in its intermediate report (35/2010) proposed key changes to taxation. The main themes of the intermediate report are widening the tax base, lightening the taxation of work and shift of focus from direct taxes to consumption taxes. The focus of income tax is proposed to be slightly shifted from taxation of corporate earnings to taxation of personal capital income. The key points of the working group report are presented in brief in the following.
    - Borenius & Kemppinen
  • Legal Alert - On product liability in Germany

    Based on the provisions on product liability, the manufacturer (or the importer) is liable for any harmful properties of a product towards consumers and any parties related thereto. Personal and material damages are considered as recoverable damages.
    - Borenius & Kemppinen
  • Supreme Administrative Court issues rulings concerning taxation of cross-border dividends

    On 12 March 2010 the Finnish Supreme Administrative Court issued two rulings concerning taxation of cross-border dividends. Based on the rulings both Finnish investors and foreign investment funds may be entitled to tax refunds.
    - Borenius & Kemppinen
  • Supreme Administrative Court ruling concerning private equity activities and liquidation loss

    On 26 February 2010, the Finnish Supreme Administrative Court issued and published an advance ruling (KHO:2010:12) concerning interpretation of private equity activities of a holding company and the right of the holding company in question to deduct possible liquidation losses incurred in connection with a liquidation of operative subsidiary companies.
    - Borenius & Kemppinen
  • Public Procurement 2010

    A practical insight to cross-border Public Procurement
    - Borenius & Kemppinen
  • Cartels & Leniency 2010

    A practical insight to cross-border Cartels & Leniency
    - LMR Attorneys Ltd
  • CARRY FORWARD OF CAPITAL LOSSES EXTENDED FROM THREE TO FIVE YEARS

    According to current regulations in the Income Tax Act, capital losses derived from the sale of assets are deductible from capital gains in the year when the loss is incurred and during three following fiscal years. These provisions are applicable to capital losses incurred by individuals and by corporate entities, if the capital loss is incurred in other than the company’s business or agricultural activities (e.g. in certain rental activities).
    - Borenius & Kemppinen
  • FINNISH TONNAGE TAX REFORM TO THE PARLIAMENT

    On 6 November 2009 the Finnish Government issued a bill proposing amendments to the Finnish tonnage tax regime. The proposed amendments aim to promote the international competitiveness of the Finnish shipping industry and the employment of the branch in question. The new tonnage tax regime offers tax incentives to Finnish shipowners and encourages shipowners to new investments and to bring ships under the Finnish flag. The tax consultants of Attorneys at law Borenius & Kemppinen Ltd are willing to assist the Finnish shipowners in taking advantage of the reform, in the implementation of the tonnage taxation regime and in the tax restructuring of shipowners’ group structure.
    - Borenius & Kemppinen