Lexia on the EU AI Act: Ensuring Safe and Transparent AI Systems On August 1, 2024, the EU AI Act (EU 2024/1689) came into force. The obligations under the EU AI Act will be applied gradually starting from February 2025. The aim of the AI Act is to ensure that...
Data Protection: Key Highlights from 2024 As we progress through 2025, it's essential to reflect on the significant data protection developments from the past year. Here, we provide a summary of the most important data protection news, legal precedents, and decisions by the Data Protection Ombudsman from 2024. News Highlights...
Lexia at FiBANICED event: Empowering Startups On February 27, 2025, Lexia’s very own Marko Moilanen had the honor of speaking at the FiBANICED event in Oulu. FiBAN (Finnish Business Angels Network) is a vibrant community of angel investors dedicated to fostering the growth of startups through investment and mentorship. Lexia...
Lexia at Polar Bear Pitching: Embracing Innovation On February 27, 2025, our firm's lawyers, Marko Moilanen and Kimmo Suominen, had the privilege of attending the one and only Polar Bear Pitching event in Oulu. This distinctive event, where entrepreneurs present their ideas while taking the plunge into an ice hole,...
With the recent closure of the Tempo call in October 2023 and its scheduled reopening today on March 26, 2024, eligible startups can embark on a transformative journey towards international growth. In the dynamic landscape of entrepreneurship, the quest for international growth stands as a hallmark of success. Enter Tempo...
Business Finland offers innovation vouchers for SMEs with a new product or service idea that has potential to grow internationally. You are able to apply for innovation voucher starting from January 24, 2024. The Innovation Voucher, tailored for small businesses under 5 years old, is intended to provide support for...
In a rapidly evolving digital landscape, the EU countries are taking a significant step towards shaping a fair and innovative data-driven economy with the introduction of the Data Act. The proposed legislation, a key component of the 2030 digital objectives, aims to redefine how data is accessed, used, and shared...
Artificial Intelligence (AI) refers to the capacity of machines to perform tasks that typically necessitate human intelligence, including reasoning, learning, and decision-making. Recent years have witnessed rapid advancements in AI, thanks to the availability of extensive data, robust computing resources, and breakthroughs in algorithms. AI holds the potential to revolutionize...
Finnish legislation is being prepared to comply with the cross-border business conversions directive that will enter into force in the end of January 2023. The directive removes the obstacles that hinder the freedom of establishment of companies in the European Union. Legislative amendments under preparation to the Limited Liability Companies...
Preparations for the Unitary Patent (UP) and the Unified Patent Court (UPC) have progressed. The court estimates that it will start operating in early 2023. There are currently a little over 50,000 European patents and national patents valid in Finland. With the Unified Patent System, the number of patents concerning...
