Monthly Brief, June 2008

In this issue:

• The Supreme Court Precedent on Rescission of Employment Contract due to Absence

• Shareholders' Rights Directive and Implementation in Finland

• Pre-Registration Period under Reach Started

• Finnish Government Proposes Amendments to the Act on the Protection of Privacy in Electronic Communications

CORPORATE

The Supreme Court Precedent on Rescission of Employment Contract due to Absence

The Finnish Supreme Court has redefined an employer's right to rescind an employment contract, i.e. to terminate without notice, due to an employee's absence from work in its recent decision (KKO:2008:50, 19 May 2008). According to Chapter 8, Section 3(1) of the Finnish Employment Contracts Act (55/2001, as amended), an employer is entitled to deem an employment contract rescind if an employee is absent from work for a minimum of seven days without informing the employer of a valid reason.