Ilkka Aalto-Setälä



Partner, Helsinki


Fax. +358 20 713 3499


Mikhail Volodchenkov
Tel. + 358 20 713 3470
[javascript protected email address]

Ilkka Aalto-Setälä

Ilkka has over 25 years of experience in antitrust and merger control matters. He advises companies and governmental agencies on antitrust, internal market law and marketing law matters at the national and EU levels, including merger control, abuse of a dominant position, cartels, state aid, gaming and public procurement. Ilkka also litigates on a regular basis before the national courts, the European Commission and the European Court of Justice, and he has advised numerous domestic and foreign clients on M&A transactions and cooperation arrangements.

In addition, Ilkka has worked for the Merger Task Force of the European Commission and for the Finnish Competition Authority where he was involved in the largest and most complex antitrust investigations across a range of industries.

Ilkka serves as the chairman of the Finnish Bar Association’s Competition Law Expert Group and is a co-founder and board member of the Finnish Competition Law Association. He also served as a member of the ministerial working group that conducted research into and proposed changes to the current Finnish Competition Act.

Ilkka heads our EU & Competition Law team.


Chambers Europe

  • EU & Competition

Chambers Europe | 2020

“He can came up with innovative and creative solutions. He is an excellent and pragmatic lawyer.”
“Very knowledgeable and easy to work with.”


Chambers Europe | 2019
“Innovative and creative solutions.”
“He is an outstanding lawyer because of his technical skills.”


Chambers Europe | 2018
“Strong experience.”
“Came up with innovative and creative solutions.”
“An excellent and pragmatic lawyer.”

The Legal 500

  • EU & Competition

Who’s Who Legal

  • Global Leaders – Competition

Best Lawyers

  • Competition/Antitrust

GCR 100

  • Competition

Selected References

  • Three victories in an automobile spare part cartel case for our client Arwidson: This was the first case in which the Finnish Competition and Consumer Authority granted leniency to a whistle-blower. This was also the first time that a competitor challenged the leniency position. In addition, this was the first case in Finland in which a whistle-blower defended itself against cartel damage claims.
  • Represented the Finnish Generic Pharmaceuticals Association by lobbying the Finnish legislators and the European Commission concerning the need to change the law on generic substitution. Our contribution saves tax-payers’ costs of EUR 85 million per year.
  • Successfully represented the Finnish Ministry of Transport and Communications in the European Commission’s formal state aid investigation, regarding the liberalisation of the Finnish road construction market.


  • Partner, Borenius, 2005–
  • Local Partner, White & Case, 2002–2005
  • Senior Associate, Roschier Holmberg, 1997–2002
  • Research Officer, The Finnish Competition Authority, 1995–1997
  • National Expert, The European Commission, Merger Task Force, Brussels, 1996


  • Bar Admission, 1999, Helsinki, Finland
  • Master of Laws, 1994, University of Turku, Finland


  • Finnish, English