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  • Article

    The Role Of Boards Is Emphasised During Crises

    This year, I have enhanced my expertise in business management by completing the Certified Board Member (CBM) degree and the chairperson course offered by the Finland Chamber of Commerce.
    FinlandCorporate/Commercial Law
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Back To The Future

    We are coming out of the pandemic, but the world is not the same. These exceptional months have permanently altered business. They have accelerated digitalisation and the green transition.
    FinlandCorporate/Commercial Law
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Board Duties In An Impending Liquidity Crisis

    An increasing number of companies are facing solvency issues this autumn, and bankruptcies have been on the rise for some time. The unstable economic cycle forces...
    FinlandCorporate/Commercial Law
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Virtual Board And Shareholder Meetings And Electronic Signatures In Finland

    Generally, virtual attendance in shareholder meetings is allowed. An exception to this is if the articles of association do not allow virtual attendance in shareholder meetings.
    FinlandCorporate/Commercial Law
    MK Law
    MK Law
  • Article

    Gender Quotas Coming To Boards Of Finnish Listed Companies

    As a part of the EU Gender Equality Strategy 2020–2025, the EU's equality objective concerning the boards of listed companies is advancing after a 10-year break.
    European UnionCorporate/Commercial Law
    Castrén & Snellman
    Castrén & Snellman
  • Article

    Towards A More Sustainable World

    We interviewed FIBS' CEO Kimmo Lipponen on his views of the future of sustainable business environment
    FinlandCorporate/Commercial Law
    Dittmar & Indrenius
    Dittmar & Indrenius
  • Article

    Supreme Court Sets New Guidelines For Termination Of Director Contracts

    In case 2013:48, the Supreme Court set a precedent regarding the protection of directors against dismissal.
    FinlandCorporate/Commercial Law
    Merilampi Attorneys Ltd
    Merilampi Attorneys Ltd
  • Article

    Significant Precedent On Deductibility Of Intra-Group Interest Expenses

    Pursuant to a recent ruling of the Finnish Supreme Administrative Court the terms of intra-group financing are required to be at arm's-length from the perspective of the specific Finnish borrower and higher interest charges cannot be justified by overall group level benefits.
    FinlandTax
    Dittmar & Indrenius
    Dittmar & Indrenius
  • Article

    Recent Securities Market Offence In Finland

    The number of suspected and investigated securities market offences has increased substantially in Finland. Furthermore, the cases have become more extensive and more complicated. The court proceedings of securities market offences tend to be very long as the cases involve an ever-increasing amount of written and oral evidence.
    FinlandFinance and Banking
    Borenius
    Borenius
  • Article

    Liability Of The Board Of Directors In A Company Facing Economic Difficulties

    If a company's financial difficulties turn into permanent insolvency, then the company should file for bankruptcy.
    FinlandInsolvency/Bankruptcy/Re-Structuring
    Attorneys-at-Law Trust Ltd
    Attorneys-at-Law Trust Ltd
  • Article

    Finnish Corporate Governance

    The Finnish regulatory framework for corporate governance and directors’ duties is governed by the following three Acts: the Companies Act, the Securities Markets Act and the Accounting Act.
    FinlandCorporate/Commercial Law
    Borenius
    Borenius
  • Article

    The Limited Liability Companies Act Reform Means That General Meeting Practices Remain Flexible

    General meeting practices changed during the last few years after remote participation became possible in the spring of 2020 due to the coronavirus pandemic.
    FinlandCorporate/Commercial Law
    Castrén & Snellman
    Castrén & Snellman
  • Article

    New Corporate Governance Code In Finland

    The Finnish Corporate Governance Recommendation (the "CGR 2003"), initially issued in the year 1997, underwent last considerable revision in the year 2003.
    FinlandCorporate/Commercial Law
    Borenius
    Borenius
  • Article

    A Seat In The Board Of Directors Is Not Just A Position Of Trust

    What risks does a seat in the Board of Directors of a financially struggling company involve and ways to avoid and prepare for them.
    FinlandCorporate/Commercial Law
    Almgren & Sankamo Law Offices
    Almgren & Sankamo Law Offices
  • Article

    Managing Director's Agreement In The Finnish Legal System

    Managing Directors of limited liability companies are not considered to be employees and thus do not enjoy protection under the Finnish labour law.
    FinlandCorporate/Commercial Law
    Almgren & Sankamo Law Offices
    Almgren & Sankamo Law Offices

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