The Law On The Guarantees Of The State Capital

Original Language Title: Laki valtion pääomatakuista

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In accordance with the decision of the Parliament, provides for: 1 section (17.10.1997/929), the funds of credit institutions and other entities and individuals against the risk of loss of capital investments stemming from State guarantees may be granted in accordance with this law.

2 section (19.8.1994/758) State guarantee can be given in the event that an investor referred to in article 1 is generated a loss from equity investment, which it has made to the law on State guarantees for certain sectors (375/1963) 1 and (2) of the undertaking referred to in. (17.10.1997/929)
The State guarantee can also be investment entity, which consists of a number of the undertakings referred to in subparagraph (1) of the investment (in the framework of the warranty).
Small and medium-sized enterprises, for the purposes of this Act an undertaking whose: 1) staff is up to 250 people; and 2) annual turnover not exceeding $ 230 million, and/or an annual balance sheet total not exceeding 155 million marks.
(17.10.1997/929) As a small and keskisuurena company does not, however, be considered: 1) the share capital of the company by one or more of the other than a small or medium-sized company's holding in excess of 25 per cent;
2) open any company, the company has other than a small or medium-sized enterprise; instead of 3) a limited partnership company, which under the responsibility of the company other than small or medium-sized business.
The seat of the undertaking referred to in paragraph 1, above, may be in a foreign country, if the foreign capital investment is estimated to contribute to certain sectors of State guarantees on article 1 of the law referred to in subsection 1 and 2, the company's technological development, the improvement of the working methods, or to become more competitive at international level. Article 3 (17.10.1997/929), the State's guarantee is granted for a maximum of 50% of the risk of loss of capital investment in the context of the profits generated across society. (17.10.1997/929)
The State guarantee will be granted only the security being required.
Issues relating to the role of State erityisrahoitusyhtiöstä of State guarantees (443/1998) for the company (the special financing). (18 June 1998 that the/452) (19.8.1994/758) guarantees issued pursuant to this Act may at the same time be in force up to a total of 500 million marks.

on the basis of section 5 of the State guarantee to the persons referred to in article 1 shall be replaced by the investor for losses covered by part of the guarantee that the capital investment is the guarantee to the investor. (17.10.1997/929)
The loss shall be deemed to have been established as referred to in sub-section 1, the investor gives up, free of charge or for a consideration, of the formal measure of the investment company, or has been declared bankrupt or is being wound up.
Loss shall be deemed to have been established in connection with the realisation of the investment, even when the investment been out at a price below the return on investment. (19.8.1994/758)
The investor's falling away from his investment without any consideration or for a consideration to the value of the investment, which is manifestly disproportionate to the remuneration paid, may be a condition to require that the permissions associated with the equity investment will be transferred to similar terms erityisrahoitusyhtiölle, which is in this case, the right to redistribute the resources thus transferred to the rights to appropriate it sees fit. (18 June 1998 that the/452) of section 6 of this Act referred to in the provision of guarantees and other charges as well as the compensation is in effect, the Act on the State Fund (445/1998). (18 June 1998 that the/452)
In addition to the warranty, and can therefore, by reason of the legal deposit agreement, the agreed remuneration for an investment in the value of the investment increases. The compensation does not exceed 30% of the shares in the revenue generated, which is the subject of the guarantee that the investment will come from. (19.8.1994/758) on the implementation of this law, the provisions of section 7 shall be adopted, where the need for further regulation.

section 8 of this law shall enter into force on 1 August 1992.
This law shall apply to the State guarantees, which shall be issued under this Act in the period from 1992 to 2000. (17.10.1997/929)
THEY 65/92, 23/92 acts TaVM entry into force and application in time: 19.8.1994/758: this law shall enter into force on 1 September 1994.
THEY'RE 64/94, 17.10.1997 TaVM 25/94/893: this law shall enter into force on 1 November 1997.
The applicable law of the State guarantees, which will be awarded on 1 January 1997 or thereafter.
THEY 264/1996, TaVM 18/1997, 18 June 1998 that the 116/1997/452 EV: this law shall enter into force at the time of the decreed. (L 451/1998 came into force on 1 January 1999, in accordance with A 818/1998.)
Before the entry into force of this law may be to take the measures needed to implement the law.
THEY'RE 35/1998, 11/1998, PeVL TaVM 12/1998, EV 53/1998