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On this page, we tell Amos’ current news and legislation.
Who will inherit according to the laws of Finland
The order of inheritance tells who inherits the deceased person. The testator can change the order of inheritance provided that he or she has made a will. However, child or grand child has always the right to receive half of the inheritance they would have received if...
Deed of the Estate Inventory (“perunkirjoitus”) in Finland?
The Deed must, without exception, be submitted to Tax authorities within three (3) months after the person's death. What is the Deed of Estate Inventory (“perukirja)? A Deed of Estate Inventory (“Deed”) is a summary of all the deceased’s assets and liabilities and...
How to make a last will and testament in Finland
Last will and testament According to the laws of Finland the primary heirs are the deceased’s children, stepchildren, adopted children and their children. If the deceased has not any of the above, the inheritors will be the spouse, parents and the siblings, or their...
Managing Director´s Agreement in the Finnish Legal System
Managing Directors of limited liability companies are not considered to be employees and thus do not enjoy protection under the Finnish labour law. The Board of Directors of a limited liability company is entitled to dismiss the Managing Director of the Company solely...
Trade Secrets and Employee Secrecy Obligation In Finland
Trade secrets regulation was unified by the Trade Secrets Act, which came into force in 2018. In addition, the protection and secrecy of trade secrets has been regulated by a number of different laws such as special legislation for healthcare professionals and...
A SEAT IN THE BOARD OF DIRECTORS IS NOT JUST A POSITION OF TRUST
Seat in the Board of Directors in a limited liability company is no longer a mere position of trust. It involves statutory duties and responsibilities. These are particularly highlighted when the company is in financial difficulties.
Distribution of inheritance in Finland
After the estate inventory has been done, the property can be divided to the heirs. However, there is no time limit for the division. It is also possible in Finland that, the heirs can agree to only divide a part of the estate or not to divide the estate at all. The...