Finland: Supreme Court Sets New Guidelines For Termination Of Director Contracts
Introduction
In case 2013:48, the Supreme Court set a precedent regarding the protection of directors against dismissal. The Supreme Court ruled that the company had legal basis to give notice to a director whose position was eliminated as a result of a cooperation procedure and the director had refused to accept the lower management position offered as an alternative. The Supreme Court states in the reasoning of the judgment that there are often special financial […]