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Tag: Corporate
The cross-border business conversions directive will enter into force next year
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...
Apply for a Startup Permit and set up your business in Finland
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...
New Rules for Non-Competition Clauses – What’s Changed?
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.
EU and WTO Members Reach Deal to Simplify Trade in Services
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...
New guidelines on the use of cookies clarify the practices for giving consent
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...
The European Commission published its landmark AI regulatory package – proposing a risk-based approach to Artificial Intelligence systems
The Commission revealed its much-anticipated, first ever proposal for a legal framework on AI The proposal, called the ‘Regulation laying down harmonised rules on artificial intelligence (Artificial Intelligence Act)’, is first of its kind. There has not been a specific, harmonised legislation regulating the provision or the use of AI...
Technical difficulties and naked bananas – the Epic Apple showdown is epic
The Epic Games v. Apple trial aka (possibly) the most epic legal showdown in the video game industry history started on May 3rd in the US District Court of Northern California. Disputes arose between the two companies when Epic Games made updates to its best-selling online video game, Fortnite, attempting...
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 %...
Record-breaking amount of funding – Finnish startups raised almost one billion euros in 2020
Despite the global pandemic, records are being broken in the Finnish startup community Last year, Finnish startups attracted a record-breaking amount of funding. The growth funding raised by domestic startup companies almost doubled compared to the previous years. The total amount invested in Finnish startups in 2020 was EUR 951...