The Commercial Code is constantly being updated. Among the recent changes, the removal of the minimum share capital requirement has generated the most debate, but the aim of the legislative amendments was to comprehensively review all the concerns in business law, provide solutions, and modernize the legal framework as a whole.

The most significant changes concern the removal of the minimum share capital requirement, which also eased the net asset requirement. Additionally, group liability is now clearly regulated. It is advisable to review the state fees for registering a company with a specific registration date, reserving a business name, and restoring it to the register.

In addition, the new Business Register Act has come into force, and over a hundred other changes to the Commercial Code have also been implemented. 

Have you had the opportunity to familiarize yourself with the changes and know what they mean for your business?

Hedman’s senior associate Kati Pino will cover the following points during the training:

  • What does group liability mean?
  • What will the business name reservation entail?
  • Employees will learn where to start and what steps to take.
  • Why is it now easier to establish a subsidiary?
  • Why the widely-discussed change – establishing a private limited company with just one cent – may not be a suitable solution for everyone?

Trainer: Kati Pino

Hedman’s senior associate Kati provides legal assistance for start-ups on all corporate and contractual issues including terms sheets, investment agreements, convertible instruments, shareholder agreements, stock options, CAP tables, cross-border expansions, group restructurings, flips to different jurisdictions, etc.

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