ArticleBill For The Amendment of The Copyright Act IntroducedOn 18 March 2004, the Finnish Government introduced bill HE 28/2004 to the Finnish Parliament aiming to implement the Digital Copyright Directive (2001/29/EC). FinlandIntellectual PropertyBorenius
ArticleA New Law On Mediation In Civil MattersOn 21 May 2011, a new law was issued regarding the mediation of civil matters and enforcing the agreement resulting from mediation (394/2011). FinlandLitigation, Mediation & ArbitrationBorenius
ArticleArbitrator’s Liability on Quashed Arbitral Award by the Supreme Court of FinlandThe claimants had in 1993 sold their shares in a limited liability company to a construction company Puolimatka Oy ("Puolimatka") under a sale and purchase agreement that contained an arbitration clause. After the transaction a dispute arose and a three-member arbitral tribunal was convened for the purpose of resolving the matter.FinlandLitigation, Mediation & ArbitrationBorenius
ArticleOwner’s Obligations At Acceptance Inspection Clarified By Helsinki Appellate CourtBy its decision 18 February 2011 (S09/3055) the Helsinki Appellate Court confirmed that an owner is entitled to rely on the quality assurance of a well known construction company at an acceptance inspection.FinlandLitigation, Mediation & ArbitrationBorenius
ArticleFinnish Tonnage Tax Reform To The ParliamentOn 6 November 2009 the Finnish Government issued a bill proposing amendments to the Finnish tonnage tax regime. The proposed amendments aim to promote the international competitiveness of the Finnish shipping industry and the employment of the branch in question. FinlandTaxBorenius
ArticleNew Supreme Administrative Court Ruling On The VAT Deduction Right Of Stock Market Listing CostsBorenius successfully represented a client in a matter concerning the right to deduct VAT for stock market listing costs.FinlandTaxBorenius
ArticleEuropean Commission Issues New Data Protection ProposalsEuropean Commission has proposed a comprehensive reform of the EU's 1995 data protection rules.European UnionPrivacyBorenius
ArticleTrends in Fund DocumentationUntil recently Finnish-sponsored private equity and venture capital funds were extremely simple both in terms of structures and in terms of the depth of legal documentation. FinlandFinance and BankingBorenius
ArticleInnovation In Public Procurement - Part I: Standardisation Of Quality EvaluationContracting authorities carrying out public procurements have been criticised for emphasising the lowest price as the selection criteria in invitations to tender. FinlandGovernment, Public SectorBorenius
ArticleThe Nasdaq First North Auction Model – An Alternative Way Of Tackling Liquidity IssuesNasdaq Nordic announced on 29 March 2023 that they will introduce an auction model to support less liquid shares on Nasdaq First North Growth Market ("First North").FinlandCorporate/Commercial LawBorenius
ArticleBill For The Amendment of The Copyright Act IntroducedOn 18 March 2004, the Finnish Government introduced bill HE 28/2004 to the Finnish Parliament aiming to implement the Digital Copyright Directive (2001/29/EC). FinlandStrategyBorenius
ArticleReduced Electricity Tax Rate As State Aid – How Should An Undertaking In Difficulty Be Defined For State Aid Purposes?Had the initial view of the Tax Administration prevailed, the client would not have been qualified to purchase electricity with a reduced tax rate. European UnionTaxBorenius
ArticleTax-Neutral Exchange Of Shares Case To ECJThe Finnish Supreme Administrative Court (SAC) decided on 31 January 2011 (KHO:2011:10) to ask for a preliminary ruling from the Court of Justice of the European Union.European UnionTaxBorenius
ArticleEU Commission Proposes New Rules On Green Claims And Right To RepairThe European Commission presented its proposal for a Directive on substantiation and communication of explicit environmental claims on 22 March 2023. European UnionEnvironmentBorenius
ArticleECJ Rulings in Database CasesThe European Court of Justice (the "ECJ") handed out four closely linked judgments on 9 November 2004 concerning the exploitation of horse racing data and fixtures list data in betting coupons.FinlandLitigation, Mediation & ArbitrationBorenius
ArticleLimitations To The Deductibility Of Interest In Business TaxationThe Finnish Government has released a draft regarding a bill to limit the deductibility of interest expenses in business taxation. The goal of this proposed regulation is to secure Finland’s tax base and to balance competition between domestic and foreign groups of companies.FinlandTaxBorenius
ArticleMobile Apps And Privacy – New U.S. InitiativesPrivacy issues related to mobile apps have been at the center of attention of U.S. authorities recently.FinlandPrivacyBorenius
ArticleSupreme Administrative Court Ruling (Kho:2010:12) Concerning Private Equity Activities and Liquidation LossOn 26 February 2010, the Finnish Supreme Administrative Court issued and published an advance ruling (KHO:2010:12) concerning interpretation of private equity activities of a holding company and the right of the holding company in question to deduct possible liquidation losses incurred in connection with a liquidation of operative subsidiary companies. FinlandTaxBorenius
ArticleM&A Activity In Finland 2008In Finland, the first half of the year 2008 was relatively active within the M&A field. FinlandCorporate/Commercial LawBorenius
ArticleThe New Securities Markets Act — Supervision, Damages And Administrative SanctionsChapter 1, section 6 of the new Finnish Securities Markets Act states that the Financial Supervisory Authority supervises the compliance of provisions issued by and under the Securities Markets Act.FinlandCorporate/Commercial LawBorenius