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...
The purpose of the general data protection regulation is to provide for clear and unified rules concerning the processing of personal data in the member states. At the same time the GDPR provides for stricter rules in respect of personal data processing and provides...
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...
In some countries, like Finland, the managing director or CEO of a company or corporation is not considered, from a legal point of view, an employee of the relevant company. The Russian labour law follows the other path and subjects the general director to the Russian...
In Russia, exploitation of foreign brands and trademarks is not yet very uncommon. Therefore, when expanding to or doing business in Russia, it is important to protect your brand by filing for registration of the key elements of the brand as trademarks or extending existing...
Even if Finland is a relatively safe country in terms of intellectual property rights and outright exploitation of a foreign brand is rare, foreign businesses that commence business operations in Finland should protect their brands in Finland with trademarks. There are basically three different ways...
