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Construction: 2010

October 2010 - Real Estate & Property. Legal Developments by Mäkitalo Rantanen & Co Ltd .

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Joint ventures: Must foreign designers or contractors enter into a joint venture with a local contractor to design, build and be paid for their work? Does the law require that the local contractor control the joint venture?

Under Finnish law there is no requirement for a foreign designer or contractor to enter into a joint venture with a local contractor. A foreign designer or contractor may choose to establish a branch office, subsidiary or directly enter into a contractual arrangement to carry out work in Finland.

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First published in Getting the Deal Through – Construction 2010 www.gettingthedealthrough.com

 


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