Employers are advised to prepare for the forthcoming amendment to the Employment Contracts Act concerning non-competition agreements. All non-competition agreements become subject to compensation The government is preparing an amendment to the law, according to which the employer's obligation to pay compensation for non-competition agreements after termination...
The Covid-19 pandemic has already brought many problems to authorities, legal entities and individuals. One of the problems is related to the decreased workload of employees and the remaining obligation of employers to pay salaries. The Russian Labor Code provides the following tools for resolving...
Shareholder meetings Generally, virtual attendance in shareholder meetings is allowed. An exception to this is if the articles of association do not allow virtual attendance in shareholder meetings. The articles of association might also include other provisions on virtual attendance which are to be followed. If virtual...
The COVID-19 pandemic has dramatically changed life all around the world in many ways. It has also lifted up issues with corporate governance in relation to Russian Limited Liability Companies and Joint Stock Companies. One of the regulating documents, issued by Russian authorities is the Federal...
A number of temporary amendments have been introduced to Finland's labour laws. The purpose of the amendments is to facilitate the adaption of the employer's business operations to the COVID-19 outbreak's when the outbreak has significantly affected the demand of the employer's products and services. The negotiation...
If the amount of work in the company temporarily decreases, a company may lay off employees instead of terminating their employment. Laying off employees is provided for by the Employment Contracts Act, according to which laying off means temporary interruption of work and payment of...
MK-Law has been awarded the achievers 2019 certificate by Kauppalehti, the main business newspaper in Finland. According to the certificate, “Companies receiving Achiever certification are stable businesses with solid growth, good financial results and profitability, a strong financial structure and liquidity to ensure continued operation.” Further, “A...
Our lawyer Ms. Karoliina Kaihlanen was accepted as a member of the Finnish Bar October 4, 2019, and thus now proudly carries the title Attorney. We congratulate our new attorney of law! Karoliina was also appointed our firm's Senior Associate, specialised in employment law and corporate...
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...
