D&I Quarterly issue Q2/2023

Posted on

29 Jun


Dittmar & Indrenius > Insight > D&I Quarterly issue Q2/2023

In this issue of the D&I Quarterly, we are rethinking holding structures and taking a look at Finnish social infrastructure transactions, as well as the newly established transparency register in Finland. We also discuss the winning features of an excellent negotiator, along with sustainability and ESG.

We hope that you will find these articles useful and interesting!

The Thing that Distinguishes an Excellent Negotiator from a Good One
“I have seen some excellent negotiators over the years, but I must admit I’ve seen some really lousy ones too. At least I think that’s what I’ve seen.” Partner Jan Ollila writes about the winning feature of an excellent negotiator.

Sustainability and ESG have become a top priority for businesses, stakeholder demands are high, and the EU is preparing multiple legislative initiatives in this area. Managing Partner Gabrielle Dannberg writes about the ESG questions in business.

Rethinking Holding Structures
“Having business reasons for a holding structure is not always enough. Nowadays, structuring requires a comprehensive understanding of complex tax frameworks so that unexpected pitfalls can be avoided.” Partner Kai Holkeri and Senior Attorney Vilho Lammi write about holding structures.

Practical Insights from Finnish Social Infrastructure Transactions 
Social infrastructure assets continue to draw a considerable amount of attention from real estate investors. Dittmar & Indrenius’ Counsel Antti Aaltonen, Senior Attorney Tuomas Tiensuu and Director Erkki Hakala from Catella Corporate Finance provide us insights from Finnish social infrastructure transactions.

Transparency Register Established in Finland: Lobbying Data Becomes Public
“Stakeholder consultation is an integral part of all legislative processes: it produces relevant information used in law-drafting. Hearing experts, organisations, and other interested parties is necessary, as legislation does not come into existence in a void.” Senior Attorney Inari Kinnunen writes.

Uniting Strategy and Sustainability: A New Wave of Collaboration
In order to meet the requirements of the changing business environment and increasing cross-border regulation, a new level of strategic sustainability is needed. Eeva Taimisto, Director of Sustainability and Communications of Miltton, and Partner Hanna-Mari Manninen and Katja Hollmén, Director of Client Experience and Communications from Dittmar & Indrenius discuss the new kind of collaboration.

The Power of Diversity and Attorney Wellbeing
Katja Hollmén went to New York to interview Deborah Enix-Ross, The President of the American Bar Association.

More by the same author

First-ever Supreme Administrative Court rulings on GDPR fines – both for and against

The Supreme Administrative Court of Finland has issued its first decisions regarding administrative fines under the General Data Protection Regulation (the “GDPR”). Incidentally, the decisions concerned the first administrative fines imposed by the Finnish Data Protection Ombudsman back in 2020. The court’s essential arguments, as summarised below, may provide useful insights into how the appellate courts will interpret GDPR requirements and, especially, what aspects are key when challenging GDPR fines in the future.

Ministry of Finance Proposes Changes to Finnish Transfer Tax Act, Shareholder Loan Receivables Included in the Transfer Tax Base

According to a draft Government Proposal issued on 16 August 2023 (“Draft Proposal”), the acquisition of shareholder loan receivables in connection with a Finnish share deal would be subject to Finnish transfer tax (1.6%) in cases where the consideration paid for the shareholder loan receivables is paid for the benefit of the seller of the shares. The proposed change would increase the Finnish transfer tax cost in typical share deal structures.

The Finnish National Cyber Security Centre clarifies website cookie practices

Earlier in June, the National Cyber Security Centre of the Finnish Transport and Communications Agency, which supervises the use of cookies in Finland, issued a detailed decision regarding website cookie practices. In its decision, the National Cyber Security Centre assessed the necessity of cookies, the structure of a cookie banner, the standards for the consent mechanism as well as the nature of legitimate interest in connection with cookies. We have compiled the main points of the decision into this D&I Alert.

Latest insights

First-ever Supreme Administrative Court rulings on GDPR fines – both for and against

Alert / 14 Sep 2023
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Ministry of Finance Proposes Changes to Finnish Transfer Tax Act, Shareholder Loan Receivables Included in the Transfer Tax Base

Article / 22 Aug 2023
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