276 results found

The current Finnish Companies Act (osakeyhtiölaki 734/1978) regulating limited liability companies was enacted in 1978, entered into force as of 1980 and has consequently been in force more than 23 years. There is no doubt that the commercial world surrounding Finnish limited liability companies has undergone enormous changes in the last quarter of a century (<I>inter alia</I> the deregulation of the Finnish financial market and Finland’s entry into the European Union), wherefore a reform o

Alike many of its equivalents in other European countries the Finnish Companies Act provides for an obligation and right of the majority owner, holding more than 90 per cent of the share capital and total number of votes, to purchase minority holdings through a so called squeeze out procedure.

In April 2001 the Finnish Ministry of Justice appointed a working group assigning to it the task to prepare a proposition to a new Companies Act. On May 6, 2003 the working group handed over to the Ministry of Justice its consultation paper comprising over 350 pages and a proposal to an entirely new Companies Act.

It is time for the fourth installment of our 8-part series covering different crypto phenomena, and this time we dive into one of the most revolutionary topics in the financial world – decentralized finance, DeFi.

Institutional investors have increasingly traded in interests in private equity funds over the past few years.

On 31 July 2021, the Guidelines on outsourcing to cloud service providers issued by ESMA became applicable to all cloud outsourcing arrangements entered into, renewed or amended on or after that date.

Amendments effective as of 1 July 2005 have been introduced in the Finnish Securities Markets Act, Act on Financial Supervision, and certain other acts (HE 137/2004).

Although some may regard Finland as being slightly remote from continental Europe, it has had an active private equity industry for a long time. Finland’s venture capital association, the FVCA, was established in 1990 and currently has 42 full members and 69 associate members.

Last year we covered several different crypto phenomena, ranging from crypto taxation to the fall of Terra Luna. We have enjoyed writing about these topics since they show the ingenuity and passion that people have towards cryptos, ...

Finnish company law may, in general, be characterised as very flexible and accommodating and it should contain very little that would surprise a non-Finnish investor. There are, however, exceptions.