D&I Quarterly issue Q3/2023

Posted on

27 Oct

2023

Dittmar & Indrenius > Insight > D&I Quarterly issue Q3/2023

In this issue of the D&I Quarterly, we explore some key elements of project financing in the context of green transition and newer energy technologies in Finland. We also discuss the EU’s new Financial Data Space proposal and DORA and navigate in the legal labyrinth surrounding healthtech. We summarized some planned changes to the Finnish Labour Market Reform that you may want to keep an eye on if you are doing business in Finland. Furthermore, we talk about negotiations moving online and Gen Z changing the business in law firms.

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

Negotiations Moved Online – What Did We Gain and What Did We Lose?
Partner Jan Ollila reflects what we might have lost when so many negotiations moved online. “Are experienced negotiators just more confident that in a face-to-face negotiation they can just wing it?”

Gen Z Will Accelerate Change in Law Firms
“Zoomers are likely to be at the forefront of the development and complement the know-how and skill of more seasoned practitioners.” Managing Partner Gabrielle Dannberg writes about the next generation of lawyers.

Investing in Green Transition – New Technologies on the Way Towards Bankability
The key elements required for a project to be considered bankable are typically on a sufficient level with onshore wind farms in Finland. How about offshore wind and newer energy technologies, then? Partner Mikko Eerola and Senior Attorney Eeva-Lotta Kivelä ask.

EU’s New Financial Data Space Proposal and DORA
EU’s new regulatory proposal for the financial data space and DORA call for extensive customer data sharing and enhanced cyber security in the financial sector. Partner Anna Haapanen and Associates Saara Heinonen and Joona Linner write.

Navigating the Legal AI HealthTech Frontier
While AI is constantly opening up new opportunities in the healthtech sector, it also poses the challenge of understanding and managing the risks associated with its use. Senior Associate Charlotta Bonsdorff explores the legal labyrinth surrounding healthtech.

Ambitious Labour Market Reforms on the Horizon
The Finnish government is planning significant labour market reforms and the plans have already sparked a lively public discussion and protests by trade unions. Counsel Mika Kärkkäinen and Partner Suvi Knaapila summarised some of the planned changes with a direct impact on Finnish employers and employees.

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Proposed Amendments to Finnish Electricity Market Act Published

The Finnish Ministry of Economic Affairs and Employment mandated a working group to reform the Finnish Electricity Market Act (the “Act”) to promote the integration of increasing electricity production and growing consumption loads into the main power grid and distribution network. On 8 May 2025, the governmental proposal for amending the Act was published.

Finnish NIS2 requirements are now in force – Key Insights

Finland has finally implemented the EU Directive on Measures for a High Common Level of Cybersecurity across the Union (Directive (EU) 2022/2555, the “NIS2 Directive“) into national legislation. The new Cybersecurity Act, along with amendments to existing legislation, notably to the Act on Information Management in Public Administration (906/2019 as amended), are applied from 8 April 2025. This marks a significant advancement in national cyber security regulation and a significant overall step towards more regulated cyber security and elevating the review and oversight of cyber security risks to a top management priority.

The Clean Industrial Deal: Strategic Incentives to Decarbonise Industry

The European Commission has on 26 February 2025 unveiled the Clean Industrial Deal, a comprehensive strategy aimed at enhancing Europe’s competitiveness while simultaneously addressing the need for decarbonisation. The Clean Industrial Deal seeks to integrate climate action with industrial growth, fostering innovation and resilience across the continent.

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