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.
Tag: Corporate
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...
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...
StageZero trains AI in speech recognition and computer vision where Lexia ensures GDPR-data protection
Artificial Intelligence is considered to be the 5th Industrial Revolution and AI is changing permanently both how people and companies operate and interact. Computer vision and speech recognition are areas within AI that require, in addition to the algorithms, a large amount of training data such as images and recorded speech....
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...