Blog

The Ministry of Finance has proposed limiting the deductibility of interest expenses in the taxation of business income. The limitation would apply to the deductibility of net interest expenses, i.e. the difference between the company's interest expenses and interest income. The deductibility would be capped...

The Finnish parliament has approved amendments to the Employment Contracts Act for the purpose of implementing Directive 2008/104/EC on temporary agency work. The amendments entered into force on March 1, 2012. The purpose of the Directive is to ensure the protection of temporary agency workers and...

Partner Marcus Kevin attended Min Morgon, an everyday national morning show broadcasted on YLE Fem, today 7.45 am as an expert on real estate transactions and disputes. Link to the episode. ...

LL.M. Caspar Friberg has joined MK-Law as an associate lawyer. Caspar's fields of expertise include public procurement and contract law, but he also handles a variety of other legal assignments. The Associate of Finnish Lawyers rewarded Caspar as the University of Helsinki's best law graduate...

Amendments to the Russian Limited Liability Company Law following Federal Law No. 228-FZ of July 18, 20111 on improving creditors' rights entered into force on January 1, 2012. The amendments provide for the establishment of specific rules for the calculation of the net assets of a...

The Finnish parliament has approved certain amendments effective as of January 1, 2012 to the Finnish tax laws. To mention a few of the most essential ones: - The corporate profit tax rate is decreased from 26% to 24,5%; - The tax rate for capital income is...