The Epic Battle Continues

In September 2020, we discussed the Epic Games vs. Apple (and Google) case in our blog post. To cut a long story short, Epic Games introduced a new payment system for its best-selling mobile game, Fortnite, offering an alternative in-app purchase method. The new payment system bypasses the 30 %...

GameRefinery, one of Finland’s fastest growing scale-ups, was acquired by Vungle – Lexia advised in the process

GameRefinery, a Finnish leading gaming analytics company, was acquired by a mobile performance advertising platform Vungle at the beginning of March. GameRefinery provides game developers and publishers with tools to commercialize their games and to understand the elements of a successful mobile game. The company’s constantly growing service database already covers...

Labor law questions in startup companies

There are many specific questions in the field of labor law that startup companies should take into account gladly already when planning the actions of the company. In the beginning, the financial resources of the company can be limited, and the need for permanent employees can vary from time to...

Contracts and the coronavirus

In brief: Force majeure means a surprising and unpredictable circumstance that has occurred to a party of a contract that prevents the fulfillment of the contractual obligation. A distinction must be made between the coronavirus pandemic and the subsequent actions of the authorities. Although a coronavirus pandemic may not in itself constitute...

Virtual currency providers have to register with the Finnish FSA – several new requirements for the virtual currency industry

What? The Finnish Act on Virtual Currency Providers (572/2019) that entered into force on 1st of May 2019 imposes obligations on virtual currency providers, such as;   registration with the Financial Supervisory Authoritycompliance with the Act on the Prevention of Money Laundering and Terrorist Financingto include the customer accounts to the...

Startup entrepreneur, did you remember the contracts?

Finnish startups are surprisingly weak at taking care of their contractual issues. Risks are not identified, and even the most important contracts are often not up to par. New online tools can help to make legally binding contracts and accelerate the negotiations. “If you are engaging in business, get a...