Despite the momentum created by the enactment of the GDPR , the ePrivacy reform has been delayed and remains under deliberation within the EU. The Finnish Presidency of the Council of the EU was still aiming to push the text of the Council of the EU across the finish line by the end of 2019 but according to latest intel the trilogue negotiations on the reform are expected to be initiated at earliest on 2021. Hence, the ePrivacy Regulation is not expected to be applied before the end of the envisaged two-year grace period around 2025. Even though the said reform continues to be postponed, there are several other factors which companies should be aware of in terms of personal data and privacy related matters. In this article, we will summarize some of the current trends and how they may affect your business.
Trust advised the main owners in their exit from Sulava. Jussi and Antti Roine established Onsight Helsinki in early 2009 and in 2017 it was merged with Sulava in which they remained as active employees and major shareholders until 2019. We were pleased to advise these entrepreneurs during the many steps of the transaction starting already before the original merger.
The Finnish act on the right in inventions made at higher education institutions is in the process of being amended. The reason behind the underlying revision is to enhance the commercialisation of inventions at higher education institutions. Statistics on patents granted from 2013 to 2016 show that Finnish universities in general produced high-quality research and a wealth of excellent research results but, unfortunately, a large portion of these results will be left unexploited. But will the amended act solve this issue and enhance commercialisation?
Trust acted as legal advisor of Talokeskus Yhtiöt in sale of its businesses to Vahanen International and Visma