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The Act on Combating Money Laundering and Financing of Terrorism, which implements the EU’s 4th Anti-Money Laundering Directive and the EU Regulation on Payer Information Accompanying Transfers of Funds was approved in Finland on 28 June 2017. Following the expiry of the transition period on...

The United Kingdom is in the process of exiting the European Union. This enormous project raises a number of questions about the post-BREXIT system to be applicable to legal issues related to the country’s EU membership. One such issue is the fate of EUIPO trademarks registered...

Transactions whereby a company grows by merging with or acquiring another company are essential tools in any corporate growth strategy. Finding suitable targets is a the obvious first step, but verifying that the target actually suits the company’s growth objectives is where resources should be...

It is common for companies to agree that possible disputes arising in connection with an agreement shall not be resolved by way of litigation in state courts, but by way of arbitration. Arbitration is an alternative way of dispute resolution often considered as the most...

Russian subsidiaries owned by foreign companies are commonly financed group internally by loans, contributions to assets, parent company aid and forgiveness of loans. Of the above-referenced financing options the last-mentioned is not as such a tool for improving the company’s liquidity, but it is rather...

Accreditation of a branch or a representative office in Russia can be a viable alternative to setting up a Russian subsidiary when a foreign company intends to limit its Russian activities to promotion and sales or preparatory and auxiliary activities. All foreign companies intending to set...

Directive 2014/67/EU aims to safeguard an appropriate level of protection of the rights of posted workers in connection with cross-border provision of services under Directive 97/71/EU, in particular in respect of terms and conditions of employment applicable in the state where the services are provided. Said...

Many companies use stock option plans to reward employees and to increase the employees’ loyalty to the company. These plans are contracts between a company and its employees that give employees the right to buy a specific number of the company’s shares on pre-determined terms. A...

Certain amendments to Finnish labor law were introduced in the beginning of the year. The changes that are related, in particular, to the conclusion and termination of employment relations add flexibility, but at the same time the obligations of companies that employ over 30 people...