Monthly Brief - October, 2008

In this issue:

• The Supreme Court Precedent on Transfer of Undertaking and Termination of Employment Relationship

• The Court of Justice of the European Communities Judgment on the Nature and Transferability of a Social Benefit

• An Outlook on the Effects of the Global Financial Crisis on the Finnish Markets

• Stockholm District Court dismisses action brought by Swedish Competition Authority to block the merger between Copiax AB and Assa Abloy AB

• Revised Rules on Marketing to Consumers Enter into Force

CORPORATE

The Supreme Court Precedent on Transfer of Undertaking and Termination of Employment Relationship

The Finnish Supreme Court has rendered a decision (KKO:2008:88, 17 September 2008) concerning employer's liability for termination of employment in connection with a transfer of undertaking. According to Chapter 1 section 10 of the Finnish Employment Contracts Act, all employment relationships in force at the time of the transfer