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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Vastuullisuus yrityskaupoissa

Dittmar & Indreniuksen laatima uusi opas “Vastuullisuus yrityskaupoissa” tarjoaa konkreettista ja käytännönläheistä tietoa siitä, millaisia vastuullisuuteen liittyviä asioita yritysten tulisi huomioida yrityskaupan eri vaiheissa. Lisäksi oppaassa käsitellään esimerkiksi hallituksen roolia ja vastuullisuuteen liittyviä verokysymyksiä. Opas on suunnattu erityisesti henkilöille, jotka haluavat saada kokonaiskuvan vastuullisuudesta osana yrityskauppoja.

The Data Act Approved by the European Parliament

Today, the European Parliament voted yes to formally approve the new Data Act. Following today’s vote, the Data Act is expected to apply in the EU as of autumn 2025 except for Article 3(1), the transition period of which is one year longer. The exact date of application will be confirmed once the Data Act is published in the Official Journal of the European Union.

New Act Governing Permitting and Construction of Offshore Wind Power within the Finnish EEZ Under Preparation

The Finnish Ministry of Economic Affairs and Employment has recently appointed a working group tasked to draft a new act that will govern permitting and construction of offshore wind power within Finland’s exclusive economic zone (the “Finnish EEZ“). The new act will provide an auction-based method for the purposes of granting project areas to interested developers as well as a new set of permits of offshore wind power projects in a situation where the existing legislation provides no functioning legal framework addressing these issues. No subsidies or other forms of State aid are planned to be offered.

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