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Ilkka Aalto-Setälä

Work +358 20 713 3545

Work Department

Antitrust & Marketing; EU and competition.


Partner Ilkka Aalto-Setälä has worked over 25 years with antitrust and merger control matters. Ilkka has defended successfully the client against the Finnish Competition Authority’s first attempt (Digita/Yle/Telia) to prohibit the deal.

Ilkka advises companies and governmental agencies on competition and marketing law issues at national and EU level, including merger control, abuse of dominant position, cartels, state aid and public procurement. Ilkka also litigates on a regular basis before the Finnish Market Court and the European Commission. Ilkka has advised numerous domestic and foreign clients on M&A transactions and cooperation arrangements. Important authority bodies, such as National Emergency Supply Agency have also been among his clients. He heads the firm's Competition & Public Procurement team.


Prior to joining Borenius Attorneys Ltd, Ilkka was a local partner at the Helsinki office of an international law firm and worked as the head of its competition law practice. Ilkka has also worked for the Merger Task Force of the European Commission where he prepared the Kesko/Tuko case, after which he worked for Finnish Competition Authority preparing the entry into force of the domestic merger control. He has represented the notifying party in approximately 60 transactions involving merger control filings before the national competition authorities and the European Commission. Ilkka has been a partner since 2005.


Finnish, English, Swedish.


Finnish ICC Competition Expert Group; Finnish Bar Association Expert Group; Finnish Association for Competition Law; Finnish Society for European Law; International Bar Association.


LL.M. 1994, University of Turku, Finland; Admitted to the Bar 1999, Helsinki, Finland.


EU and competition

Within: Leading individuals

Ilkka Aalto-Setälä - Borenius

Within: EU and competition

The 'practical and extremely helpful' team at Borenius recently represented Prevent 360 in second-stage merger control proceedings following its merger with Avarn Security Holding. Practice head Ilkka Aalto-Setälä assisted Matkahuolto with the filing of a state aid complaint against TVV lippu- ja maksujärjestelmä, and cartel expert Asko Lindqvist is defending Matkahuolto in the high-profile bus cartel litigation.

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Legal Developments by:

  • 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

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