Lexia’s technology team’s growth company clients Elmery, Fepod, ReFaMo and Pixieray are among the first to receive Business Finland’s Deep Tech Accelerator pilot support this year. This support was awarded only to 17 Finnish deep tech companies. It consists of a pure support of €400 000 and a loan of €1 000 000. We congratulate all the recipients...
Do you have promising startup or growth company and you are keen to take next step to achieve your goals? Let us help you to provide more boost and valuation for your business. Did you know that we have the Legal Equity Service for promising startups in Lexia Growth? There...
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...
Finnish Startup Permit enables entrepreneurs from outside the EU to establish a startup company in Finland. Applying for the permit is an easy two-step process that can be done online. First, you need to receive an Eligibility Statement from Business Finland, which assesses whether your business is suitable for the...
On March 25th 2022 the European Commission (EC) and the United States announced a new Trans-Atlantic Data Privacy Framework. The goal is to foster data flows between the two continents and address the concerns the Court of Justice of the European Union (CJEU) raised. Altogether, this is now the third...
The Finnish Employment Contracts Act has been amended, and the regulation of non-competition clauses has changed. The changes are important, and employers should be aware of what’s changed and what to do next. Let’s go through the most important changes to legislation, and practical steps to take in your company.
The European Parliament and the Council adopted the digital contracts directive in May 2019, and Member States have two years to implement the directive in their national law. The new rules will then begin to apply all around EU by the end of 2021. In Finland, the Government has recently...
On December 2nd, 67 members of the World Trade Organization (WTO), including the European Union, concluded negotiations on an agreement to simplify trade in services and to reduce red tape in that sector. The signatories, including key players such as the United States, the United Kingdom, EU, and China, represent...
The Finnish Transport and Communications Agency, Traficom, has published new cookie guidelines for both website users (in Finnish) and service providers (in Finnish) in September 2021. The guidelines also apply to other tracking technologies similar to cookies, such as tracking pixels and cookies stored through mobile applications. The aim of the guidelines is, in...
