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...
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...
Last week, Apple announced that it will change the App Store policies as a part of a settlement in the class-action lawsuit brought by US app developers against Apple in 2019. The agreement includes, in addition to a $100 million payment form Apple, changes in how developers can contact customers...
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...
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...
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 %...
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...
A proposal drafted by the European Commission on the regulation of artificial intelligence was leaked ahead of its publication date. The official announcement is expected to be next week. According to the draft, the European Union plans to avoid the dystopian scenarios from Black Mirror or Westworld by taking a...
We have already covered some basics relating to loot boxes in our article. After writing the article there have been some major developments in the gaming world - so let’s take a look at the recent issues regarding the infamous in-game reward mechanism. What exactly is going on? During the fall of 2020,...
Well that escalated quickly. Apple didn’t like Epic Games’ new payment system and removed Fortnite from the App Store. This might have a big impact on the future of in-app purchases. Epic Games, the developer of Fortnite, one of the most popular online video games at the moment, recently announced...
