Our latest deals.
Waselius & Wist successfully represented Maksuturva Group Oy in Market Court proceedings relating to a major procurement of card payments and invoice based payments by Helsinki Regional Transport (”Helsingin Seudun Liikenne”).
Value: Total value of procurement some MEUR 4-5 million
Waselius & Wist represented Brunswick Corporation in the sale of its joint venture interest in Bella Boats to Nimbus Boats. Bella and Nimbus will form one of the largest leisure boat manufacturer in the Nordics with a combined turnover of some EUR 70 million.
Waselius & Wist successfully advised Santander Consumer Finance Oy in the 7th securitisation of auto loan hire purchase contracts originated by Santander Consumer Finance Oy. Santander Consumer Finance Oy is a Finnish finance company and a market leader in auto financing and a member of the Santander Consumer Finance- and Santander -groups.
Value: EUR 665.3 million
Our tax partner Mr Jouni Weckström represented successfully a company engaged in wind farming industry and issued Feed-in Tariff by the Finnish Energy Authority. In the claim made by the Finnish Tax Recipients’ Legal Services Unit it was insisted that the company had in fact committed to produce electricity against the State contributed Feed-in Tariff and therefore the Feed-in Tariff was to be seen as a counterpart to the sale of such service (to the Finnish Energy Authority). It was further claimed that the Feed-in Tariff received by the company should be considered a subsidy directly linked to the price of the electricity sold by the company. The subsidy should thereby, according to the claim, be treated as a consideration to be added to the VAT base of the sales by the company. The claim was dismissed yet the decision of the Helsinki Administrative Court can be appealed to the Supreme Administrative Court. The final decision will have definitive impact widely in the renewable energy sector and it will make an important precedent in outlining the scope of the VAT Act and the VAT Directive.
Waselius & Wist advised OpenText, a global leader in enterprise information management, in the Finnish law aspects of the acquisition of Liaison Technologies, a leading provider of cloud-based enterprise integration and data management solutions, for a total consideration of USD 330 million.
Waselius & Wist advised CMA CGM, one of the global leaders in maritime transport, in its acquisition of Containerships Oyj and certain terminal holdings. Containerships is a full-service logistics company providing door-to-door container transportation.
Waselius & Wist represented NRC Group, a Norwegian company listed on the Oslo Stock Exchange, in the Finnish law aspects relating to its acquisition of VR Track, a subsidiary of the Finnish state-owned railway operator VR Group. The combined group will have more than 2 450 employees and annual revenues of more than NOK 6 billion.
Value: EUR 225 million.
Waselius & Wist successfully represented Ascensia Diabetes Care Finland Oy in public procurement litigation before the Market Court relating to a major procurement by the Joint Municipal Authority of the Hospital District of South Ostrobotnia of blood glucose meters and test strips.
Value: More than EUR 2 million
Waselius & Wist represented Varma Mutual Pension Insurance Company in the acquisition of Mehiläinen, one of the largest private healthcare providers in Finland. Mehiläinen was acquired by a consortium of Finnish institutions including Varma, LocalTapiola and Ilmarinen together with Mehiläinen management in partnership with lead investor CVC Capital Partners (CVC) Fund VII.
Waselius & Wist successfully represented Bayer Oy in two major public procurement litigation proceedings before the Market Court.
Value: More than EUR 10 million