Category: Law
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Newsflash: New rules for fixed-term contracts, lay-offs and re-employment obligation
New employment legislation introduced to lower hiring barriers and to enhance the operating environment for SME companies.
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Asset Deal
Asset purchase deals (fin. liiketoimintakauppa) are transactions where a seller transfers certain assets related to a business to the buyer, who then assumes the rights and obligations related to the assets.
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Distribution of assets
The assets of a limited liability company may be distributed to the shareholders by distributing profits or by distributing assets from reserves of unrestricted equity
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Newsflash: Lower Threshold for Dismissals
As of 1 January 2026, a proper reason will be sufficient for terminating an employment relationship on grounds related to the employee’s person.
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Closing down a business: Liquidation of a limited liability company
A Finnish limited liability company may be dissolved through a voluntary liquidation process in accordance with the Finnish Limited Liability Companies Act.