Finland—cross border banking and finance guide
Produced in partnership with Roschier
Finland—cross border banking and finance guide

The following Banking & Finance practice note produced in partnership with Roschier provides comprehensive and up to date legal information covering:

  • Finland—cross border banking and finance guide
  • Loan market and developments
  • Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.
  • Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.
  • Lending
  • Is it necessary to obtain any consents or licenses in order to lend in your jurisdiction or enforce rights under a loan agreement and if so what is the process for obtaining the consent or license? Are there any other restrictions on lending that foreign lenders should be aware of?
  • Are there any taxes, duties or other charges associated with making loans to entities that are incorporated in your jurisdiction?
  • Are there any restrictions, controls, fees, taxes or charges on foreign exchange in your jurisdiction?
  • How is debt normally transferred in your jurisdiction?
  • Security and guarantees
  • More...

Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.

The activity in the Finnish corporate loan markets has remained rather steady throughout the last decade. However, the market has been relatively active during 2019, with an on-going increase in the value of corporate loans as well as the overall size of the loan market. The overall sentiment on the markets is generally depicted as borrower-friendly. Certain financing structures (such as SSRCF+senior notes deals) that were earlier seen mainly in connection with English law governed documentation have also increasingly been implemented in deals governed by Finnish law. Industrial, scientific and technical as well as real estate finance have proportionally been the most active sectors of the loan market.

The Finnish bond markets experienced an active year in 2018 with a 29% increase in total value compared to the previous year. However, the overall growth rate in the bond markets is slowing down.

Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.

An electronic register for housing company units has been implemented in Finland and the new legislation entered into force in the beginning of 2019. The objective of the register is to gather information

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