A reformed Companies Act came into force in Finland at the beginning of September, designed to be more flexible than before. Tarja Wist and Sami Martola look at the details of the new legislation and what it means for companies doing business in Finland
September 27, 2006 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
A major reform of the Companies Act of 1978 has been in preparation since 2001. The new Act finally came into force on 1 September, 2006. It is, overall, more flexible than its predecessor.
The new Act contains several modernisations, the most important of which include:
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