The first D&I Quarterly was published almost a decade ago in 2006. In this issue, we have labelled the articles a bit differently, offering insights on the latest developments, new rulings and expected future changes. We hope you enjoy this issue and look forward to receiving any feedback or questions from you.
We asked D&I's new Partner Mr Mikko Eerola three quick questions to hear what keeps him busy in the near future.
Social media providers to be brought within the scope of new legislation on confidentiality of communications – full effects yet to be ascertained.
The Finnish Competition Authority is now allowed to request information also from a third party IT services provider of the company under unannounced inspection.
All civil cases, regardless of their value, will be subject to leave procedure.
The Supreme Court affirmed that a procurement entity may be obligated to compensate tenderers' costs for preparing a tender in an erroneous procurement procedure but the burden of proof on the tenderer is high.
The Finnish Supreme Court holds that, in corporate restructuring proceedings, the value of security assets covered by a business mortgage, below which the secured creditor's claim cannot be reduced, is determined on the basis of the realization value of the relevant assets in a bankruptcy rather than as a going concern value. This outcome clearly favours unsecured creditors at the expense of business mortgage holders.
Legislation regarding compensation for occupational accidents and diseases will be updated to match the needs of modern working life.
The proposed notifying obligation of auditors did not enter into force and the proposal lapsed in March.