COVID-19 Legal Insights

D&I Legal Insights on COVID-19

Posted on

31 Mar

2020

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Dittmar & Indrenius > Insight > COVID-19 Legal Insights

This is our hub for D&I Insights on COVID-19 related legal updates. We monitor the legislative changes and guidelines published by the authorities to provide latest insight and information on the impacts of coronavirus to business.

We at Dittmar & Indrenius are fully operational and committed to supporting our clients’ business also under these exceptional circumstances. We are happy to answer any questions regarding the impacts of coronavirus in your operations.

New Temporary Legislation Regarding Layoff Procedure

PUBLISHED: 31 March 2020 | New Temporary Legislation Regarding Layoff Procedure

The parliament has just passed a government proposal for temporary legislation regarding layoffs and immediate termination of employment during a probationary period.

The changes constitute a part of the measures proposed by the labour market parties and accepted by the government to ease the position of employers suffering from the COVID-19 crisis. Read more >>

MAC & Corona – Could the coronavirus trigger MAC’s in M&A transactions?

PUBLISHED: 26 March 2020 | D&I Quarterly Q1/2020 – MAC & Corona – Could the coronavirus trigger MAC’s in M&A transactions?

The COVID-19 coronavirus outbreak is already affecting many aspects of M&A transactions, including due diligence, W&I insurance, negotiations and financing. Will the outbreak provide buyers an out from agreed M&A transactions by constituting a material adverse change? Read more >>

Impact of coronavirus on financing documents and available relief measures

PUBLISHED: 26 March 2020 | D&I Quarterly Q1/2020 – Impact of coronavirus on financing documents and available relief measures

The global COVID-19 outbreak is already having a significant negative impact on many industry sectors in Finland. Like many other countries, Finland has declared a state of emergency and imposed a number of social distancing measures, including travel restrictions, bans on public gatherings and partial school closures. As the outbreak also disrupts global supply chains, many companies are facing a significant loss of sales which is raising concerns about liquidity and the ability to comply with existing financing agreements.

To soften the negative impacts of COVID-19 on the Finnish economy and to prevent bankruptcies of otherwise healthy companies, the Finnish Government and financial institutions have introduced a number of measures to provide additional liquidity and ease the companies’ financial situations. Read more >>

Coronavirus, employment relationships and daily working life (updated)

PUBLISHED: 26 March 2020 | Coronavirus, employment relationships and daily working life

The coronavirus outbreak has taken the Finnish society and workplaces by storm. Our ways of working and daily routines have dramatically changed during just a week.

Business activities have already dramatically dropped, and such drop threatens many companies in the near future. Some of us work from home which puts our remote working facilities (and abilities) to the test. Most of us have had to adapt to new daily routines at the workplace and at home. It appears that we are approaching the new normal, at least for a couple of months. Read more >>

Coronavirus and Force Majeure in commercial contracts and disputes (updated)

PUBLISHED: 26 March 2020 | D&I Quarterly Q1/2020 – Coronavirus and Force Majeure in commercial contracts and disputes

The COVID-19 coronavirus has quickly developed into a worldwide pandemic. The question is no longer whether there will be a coronavirus epidemic in Finland but instead what will be the financial, societal and human losses caused by the outbreak.

The losses resulting from the pandemic are causing a significant increase in discussions around the possibility to invoke the force majeure doctrine as a consequence of payment default and other contractual breaches as well as a ground for suspension of contractual performance. Read more >>

Amendments to the employment legislation and collective agreements under preparation

PUBLISHED 23 March 2020 | Amendments to the employment legislation and collective agreements under preparation

Urgent legislative measures are currently under preparation for purposes of facilitating the position of the Finnish employers in adapting to the drastic changes in the market conditions in Finland during the last week in particular.

On 18 March 2020, the labour market parties published a list of concrete and substantial proposals for temporary legislation aimed at easing the situation for companies suffering from the impact of the COVID-19 crisis. Read more >>

Impacts of coronavirus on employment relationships and the daily working life

PUBLISHED 17 March 2020 | Impacts of coronavirus on employment relationships and the daily working life

During the last week in particular, the coronavirus outbreak has started impacting the Finnish workplaces on many fronts and this has also triggered a mass of practical questions relating to employment relations.

We have collected a list of most important aspects which the Finnish employers should take into consideration when contemplating measures to be taken in these unexpected circumstances. Read more >>

 

Coronavirus and Force Majeure in commercial contracts

PUBLISHED: 17 March 2020 | Coronavirus and Force Majeure in commercial contracts

The COVID-19 coronavirus has quickly developed into a worldwide pandemic. The question is no longer whether there will be a coronavirus epidemic in Finland but instead what will be the financial, societal and human losses caused by the outbreak.

In this Alert, we discuss the possibilities to invoke the force majeure doctrine in Finnish law governed commercial contracts and suspend performance based on the doctrine. Read more >>

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