The Finnish Financial Supervisory Authority (FFSA) has adopted a strict policy with respect to delays in the obligation to notify the acquisition or disposal of major shareholdings...

After 1 January 2021, UK is no longer part of the EU. Consequently, EU trademark applications and Community design applications filed after 31 December 2020 will no longer receive protection in the UK.

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.

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

The acquisition of public limited liability companies in Finland usually follows the classic four-step structure. The first step is for the buyer to acquire the shares of major shareholders in the target company. Next, a voluntary public tender offer ("voluntary offer") is usually launched, followed by the launch of a mandatory public tender offer ("mandatory offer") governed by the Securities Market Act (the "SMA").

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.

Under Finnish law, the employer is liable to compensate any third party for the loss or damage caused by an employee's mistake or omission.

In the handover of a business, the employees are transferred to the new employer as pre-existing employees.

We are pleased to provide you with this Quarterly EU & Competition Newsletter, which summarises selected key highlights and recent developments in Finnish and EU competition law during the last quarter of 2022.

The Finnish competition legislation is currently in the midst of an extensive reform. This reform process is brought about mainly by the topical reform of the EC competition rules and, thus, the desire to bring the Finnish competition law provisions in line with Articles 81 and 82 EC and align them with the requirements set forth in the Council Regulation 1/2003/EC.

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.