Ella Mäkijärvi

Hannes Snellman successfully represented Outokumpu Corporation in an international ICC arbitration between Fennovoima Oy and Rosatom entities where RAOS Project Oy sought to join Outokumpu in 2023. The Arbitral Tribunal accepted Outokumpu’s position denying jurisdiction over Outokumpu and ending the arbitration with respect to Outokumpu.

In January 2023, RAOS Project filed a request to join Outokumpu in existing ICC arbitration proceedings, which related to the termination of the engineering, procurement, and construction (EPC) contract between Fennovoima and RAOS Project regarding the Hanhikivi nuclear power plant. In February 2025, the Arbitral Tribunal confirmed that it did not have jurisdiction to adjudicate the claims brought by RAOS Project and JSC Rusatom Energy International (JSC REIN) against Outokumpu.

Counsel to a major Finnish listed corporation in an international multi-million ICC arbitration concerning alleged defective supply of machinery as well as related injunction and damages claim proceedings in several instances of national courts.

Represented a global listed company in two related multi-million-euro damages disputes relating to agreements and deliveries to another company. Successfully assisted in settling both matters on terms favourable to the client, following an extensive court-assisted mediation hearing.

Parties

ABB and Hitachi

Transaction

Sale of ABB's Power Grids business to Hitachi

Deal Value

Enterprise Value of USD 11 billion for 100% of Power Grids

Role

Finnish Counsel to ABB

Parties

Mimir Invest (Buyer), Caverion (Seller), Project piping & tank business and the related Ylivieska workshop (Targets)

Transaction

Caverion’s sale of project piping & tank business and the related Ylivieska workshop of the Industrial Solutions division.

Deal Value

Value not public

Role

Counsel to Caverion

Parties

Qingdao Sifang SRI Intellectual Technology Co. Ltd. (Buyer), Beneq Oy and its shareholders (Sellers), Beneq Oy (Target)

Transaction

The sale of Beneq Oy to Qingdao Sifang SRI Intellectual Technology Co. Ltd.

Deal Value

Value not public

Role

Counsel to Beneq Oy and its shareholders

Parties

ABB (Buyer), General Electric Company (Seller), GE Industrial Solutions (Target)

Transaction

ABB’s acquisition of GE Industrial Solutions, GE’s global electrification solutions business.

Deal Value

USD 2.6 billion

Role

Finnish counsel to ABB

Parties

Suomen Terveystalo Oy

Transaction

Terveystalo’s IPO and listing on the Nasdaq Helsinki stock exchange

Deal Value

The offering by the company and its shareholders was over EUR 870 million and the Company’s market value was over EUR 1.2 billion

Role

Counsel to Terveystalo

Counsel to a Nordic company against a Central European counterpart in a multimillion-euro SCC arbitration and obtained funding for said client.