Concepts




Business restructuring


A new Act on Business Restructuring entered into force on 8 February 1993. The purpose of the Act is to ameliorate the situation of enterprises in financial difficulties.

Business restructuring is an alternative to bankruptcy. The proceedings aim at securing the continuation of the operations of a viable enterprise. It is at the court of justice's discretion to decide whether the enterprise would be viable after the restructuring.



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Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus

Jaa