Krogerus

The Krogerus Data Symposium 2024 brought together hundreds of data and AI experts on 23 October at Lasipalatsi to discuss the upcoming changes brought by the Data Act and the AI Act. This year, the programme highlighted both the practical challenges and opportunities that technological advancements and the EU legislator's responses to them will present to companies' operations. This article dives deeper into the day's topics by discussing the model contractual terms for data sharing under the Data Act as well as IP rights in the new world of AI. The Krogerus Data Symposium is one of Finland's largest events focusing on data and AI regulation and utilisation...

The EU Data Act will apply from 12 September 2025. Thus far, much of the attention has focused on the IoT side of the regulation, specifically on data holder obligations and data sharing. Discussion around Chapter VI of the Act concerning switching between data processing services (such as IaaS, PaaS, and SaaS) and its implications for such services has been relatively sparse. Yet, this Chapter’s provisions will undoubtedly have a major impact on how our cloud-connected world operates in the future, particularly in Europe. One of the most significant issues in Chapter VI is its potential to impact the annual recurring revenue (ARR) of SaaS companies...

Krogerus advised Hartwall Capital, the largest shareholder of Konecranes, on the EUR 4.3 billion merger of Konecranes and Cargotec. The combined company will be a customer-focused global leader in sustainable material flow. Its illustrative combined annual sales are approximately EUR 7.0 billion and comparable operating profit is approximately EUR 565 million, based on financial year 2019 figures. The proposed combination will be implemented as an absorption merger whereby Konecranes will be merged into Cargotec and Konecranes shareholders will receive new shares in Cargotec. Hartwall Capital, which now owns 10 per cent...

Krogerus advised wind power company CPC Finland when it entered into a joint venture with Finnish energy group Helen (40% CPC, 60% Helen) for construction, owning and operating the 86 MW Lakiakangas 3 wind farm, consisting of 20 Vestas V150-4.3 MW turbines and located in the municipalities of Kristiinankaupunki and Isojoki in Western Finland. Krogerus also advised CPC Finland and the project company on the non-recourse project financing provided by OP Corporate Bank for the project. The construction works of the wind farm have already started and the commissioning is expected to take place during the last quarter of 2021...