MAGNUSSON FILES THE LARGEST SET OF CLAIMS EVER FILED AT ONE TIME IN FINLAND
This consisted of more than a thousand of separate claims for damages based on the forestry cartel between the three major Finnish forestry companies.
The clients include individuals, municipalities and other entities that had sold lumber during the time of the cartel.
“We are delighted to advise our clients on this unique case and do our best to represent them in a truly professional and efficient manner. Almost half of the Helsinki office resources were involved in this complex matter. We will now wait for the decision of the Finnish Supreme Court on whether it accepts the appeal of the forestry companies on the issue of statute of limitations based on the earlier cases, which decision will obviously be crucial to the claims filed later”, commented Tomi Merenheimo, Managing Partner of Magnusson in Finland.
MAGNUSSON TO PARTICIPATE IN ENTERPRISE2019 TECHNOLOGY ENTREPRENEURSHIP EVENT
Magnusson will be represented in the Enterprise2019 Technology Entrepreneurship event held in Oulu on Wednesday, 6 November 2019.read more
MAGNUSSON WARSAW ADVISES VASTINT POLAND ON THE SALE OF FOUR OFFICE BUILDINGS IN POZNAŃ
Magnusson Warsaw represented Vastint Poland in the process of selling the first stage of Business Garden Poznań. The Singaporean fund Cromwell European REIT became the new owner of the property.read more
MAGNUSSON ADVISED VON ELK COMPANY LTD
Magnusson advised Von Elk Company, known for Glöet, the most popular sparkling glögg in the Nordic countries, on its cooperation with Altia, a leading Nordic alcoholic beverage brand company operating in the wines and spirits markets in the Nordic and Baltic countries.read more
Amendments made to the AML Law
Amendments have been made to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, also known as the AML Law. The amendments are a part of Latvia’s attempts to comply with the legal acts of the European Union and to overcome the country’s weaknesses as stated in the Moneyval 2018 report. Taking into account the recent activities in terrorism and proliferation financing, an effective anti-money laundering system is essential in order to improve the finance sector and the country’s reputation on a global platform.read more