Legal Update: New Restrictions on Interest Rates and Credit-Related Costs on Consumer Credit
March 7, 2019

The Government Bill (HE 230/2018) on amending acts related to consumer credit agreements proposes several changes to the Finnish consumer credit legislative framework, in particular to the interest rate-cap and credit-related costs. On 27 February 2019, the Commerce Committee of the Finnish Parliament proposed more stringent regulation compared to the Government, including decreasing the interest […]

A GLIMPSE OF TEAMWORK BEHIND THE OLYMPIC MEDAL Six and a half years have passed since our team of three women stepped on the podium in the London Olympics. Now, nearly three years into full-time work life, it seems like a good time to reflect on the lessons learned during the intensive years of Olympic […]

Data Protection Impact Assessments – National Requirements in Finland and Sweden
February 26, 2019

When the processing of personal data is likely to result in a high risk to the rights and freedoms of natural persons, the General Data Protection Regulation (“GDPR”) requires that a Data Protection Impact Assessment (“DPIA”) be conducted. Furthermore, the GDPR provides national data protection authorities with the competence to decide, within the scope of […]

Update on the Finnish Cross-Border Licence for Third-Country Firms
February 1, 2019

Since our Legal Update Finnish Ministry of Finance is Proposing a Cross-Border Licence for Third-Country Firms, the Government Proposal (HE 277/2018) for third-country firms to provide investment services on a cross-border basis to professional clients and eligible counterparties in Finland has taken a step forward and is currently being reviewed by the Finnish Parliament. The […]

On Regulation of AI Systems in Europe
February 1, 2019

Introduction Artificial intelligence (“AI”) has become an area of strategic importance and a key driver of economic development. As a result, in order to ensure the competitiveness of the European Union (“EU”) and to shape AI’s development and use in alignment with European values, the European Commission (“Commission”) has recently shifted its focus into the […]

Anti-Money Laundering Rules Imposed New Obligations on Entities Registered in the Finnish Trade Register
January 28, 2019

Certain entities registered in the Finnish Trade Register (Fin. kaupparekisteri) are obliged to identify and maintain records of their beneficial owners from 1 January 2019 onwards. The majority of these entities must also register their beneficial ownership information in the Trade Register by 1 July 2020. Hannes Snellman has prepared a brief guideline on the […]

New Swedish IP Legislations
January 22, 2019

New Legislation Entering into Force in 2019 1 January 2019 is an important date as several new IP legislations have been implemented in Sweden. In particular, a new Trade Mark Act entered into force together with a new act on Geographical Indications, the previous Trade Names Act has also been replaced by a new Act […]