The Legal 500

White & Case

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

Banking and finance

Within Banking and finance, White & Case LLP is a first tier firm,

Attracting widespread client praise for skill in international finance transactions is White & Case, where practice head Timo Airisto in particular, is singled out for providing ‘high-level services even under the most ridiculous timetables.’ The practice’s international finance resources, unrivalled in the Finnish market, are in demand from top clients, such as ABN AMRO, Kaupthing Bank and UBS, all of which are recent client gains. It acted for Talvivaara on its headline $320m project term loan facility provided by a syndicate of international banks.

Capital markets

Within Capital markets, White & Case LLP is a first tier firm,

White & Case is a dominant force in the field, which is a core area of practice for the Helsinki team. Work includes acting for Finnair on its €250m rights offering, and the managers including Barclays Capital and Deutsche Bank, in the offering by M-real Corporation of €500m senior notes due in 2013. According to clients, practice head Petri Haussila and his team ‘are second-to-none for international capital markets transactions in Finland.’

Corporate and M&A

Within Corporate and M&A, White & Case LLP is a second tier firm,

Despite market conditions in 2008, White & Case reported a solid deal flow, particularly in relation to cross-border deals between industrial companies. The team also acted for private equity firm Nordic Capital on its €1.1bn public tender offer for TietoEnator. Petri Haussila led the deal and heads the practice, described as ‘hands on, strong and pragmatic, they make deals come about and work.’

EU and competition

Within EU and competition, White & Case LLP is a second tier firm,

As a leader in international transactions, White & Case is well-versed in competition law issues, particularly in relation to merger control. The firm’s international network, including a Brussels presence, makes it an ideal choice for multinationals with competition needs across Europe. Partner Petri Haussila, ‘always provides an excellent and truly international service’ and is the first port of call for competition services.

Legal market

Within Legal market,

The market can be summarised as led by two heavyweights, Hannes Snellman Attorneys at Law Ltd and Roschier, whose focus is top-end international transactions. Both are spreading their wings outside Finland with international offices, the latest being Hannes Snellman’s new venture in Stockholm which opened in September 2008. Following closely behind this duo in terms of size, international credibility and capability are: Borenius & Kemppinen; Castrén & Snellman Attorneys Ltd; and Krogerus; plus a handful of smaller but expert specialists, including Bird & Bird Attorneys Ltd (TMT); and finance and capital markets experts LMR Attorneys Ltd; Waselius & Wist and White & Case.

Real estate and construction

Within Real estate and construction, White & Case LLP is a second tier firm,

White & Case is a leader in real estate finance, attracting a major share of the most influential or high-value deals in the market. They include acting for Doughty Hanson & Co Real Estate on its €329m sale of Iso Omena Shopping Centre to Citycon, and the sale of another shopping portfolio to ING Real Estate for €186m. HSH Nordbank is a significant client of the practice, which is led by Timo Airisto. The team ‘approaches problem solving pro-actively and in a way that facilitates the success of the transaction rather than complicate it’.


What we say worldwide

Please choose another White & Case LLP office to view full details of what we say in that region, or choose from this list to view a specific editorial reference in context.

United Arab Emirates

Offices in Abu Dhabi

Belgium

Offices in Brussels

China

Offices in Beijing and Shanghai

Czech Republic

Offices in Prague

Germany

Offices in Frankfurt, Hamburg, Berlin, Munich, and Dusseldorf

Denmark

Algeria

Foreign Firms

Finland

Offices in Helsinki

France

Offices in Paris

Hong Kong

Offices in Hong Kong

Hungary

Offices in Budapest

Indonesia

India

Offices in Mumbai

Japan

Offices in Tokyo

Jordan

Kazakhstan

Offices in Almaty

London

Offices in London

Republic of Macedonia

UK Overview

Philippines

Poland

Offices in Warsaw

Qatar

Romania

Offices in Bucharest

Russia

Offices in Moscow

South Africa

Offices in Johannesburg

Sweden

Offices in Stockholm

Singapore

Offices in Singapore

Slovakia

Offices in Bratislava

Saudi Arabia

Offices in Riyadh

Thailand

Tunisia

Turkey

Offices in Istanbul and Ankara

US

Offices in Washington DC, Miami, New York, Los Angeles, and Palo Alto

Vietnam

Legal Developments in Finland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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
  • A NEW UPTURN FOLLOWS THE ECONOMIC DOWNSWING - A VIEW ON EMPLOYEE INCENTIVE PROGRAMS

    Even though many industries have pulled out of the current economic situation even with moderate personnel reductions, major redundancies and layoffs could have been avoided completely or at least it could have been possible to decrease the number of persons being made redundant in several companies, if the income-based incentive programmes had been prepared at the time to cover also the demands, large-scale savings objectives and improvement of the profitability set by the prospective recession. As a result of the avoidance of the large scale redundancies, employees’ degree of satisfaction, motivation and confidence in the future, and, with this in mind, the profitability of the company could be better at the present moment.
    - Borenius & Kemppinen
  • Legal Alert - 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.
    - Borenius & Kemppinen
  • Legal Alert - A new upturn follows the economic downswing - a view on employee incentive programs

    Now is the time to start preparing for the next economic upturn and to secure better profitability of the company in the next prospective recession. Now it is the most favourable time for the employer to ensure that it may introduce in time an incentive programme that will better take into account the downswings and improvement of profitability, but at the same time, enabling a competitive process of hiring new employees when the new upturn begins.
    - Borenius & Kemppinen
  • New Issue of Customer Magazine iDEAL

    Borenius Group published new issue of its customer magazine iDEAL.
    - Borenius & Kemppinen
  • iDEAL BORENIUS GROUP MAGAZINE

    Worth is created not by the things you can see, but by the things you cannot - Linnar Viik, Internet guru and associate professor at the Estonian IT College, comments on IP rights.
    - Borenius & Kemppinen
  • INTERNATIONAL MOBILITY: REVISED SOCIAL SECURITY RULES ENTER INTO FORCE IN 2010

    The European Council and the Parliament have adopted a legislative package that includes the entry into force of EC Regulation 883/2004, which modifies the rules governing social security coverage in international mobility situations in Europe. The new rules are expected to enter into force in the first half of 2010.
    - Borenius & Kemppinen