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Commercial Law

Commercial Law

Code: SOC1RB009

Extent: 3 ECTS (81 h)

Timing: semester 2

Language: English

Level: Basic studies

Type: compulsory

Learning outcomes

The objective of the course is to provide a basic understanding of the Finnish legal system especially parts that affect business operations and the EU legislation. An essential content is to acquaint the student with company law, consumer law and contract law which are relevant to the hotel, restaurant and tourism industry.

After successful completion of the course student will

• understand basics of the Finnish legal system and main principles of EU legislation

• have tools to identify and to a certain extent solve legal problems

• have an ability to see contracts as a tool for risk management  and know basic principles of the relevant legislation

• have an ability to see certain business opportunities/problems from a legal point of view

Course contents

• Legal systems and EU legislation

• Contract law

• Consumer protection and product liability

• Business-to-Business trade

• Marketing regulation and competition legislation

• Debt financing and security interests

Cooperation with the business community
The course consists of co-operating with students’ place of employment or other company/organisation operating in the business to meet the learning objectives.

Student will acquaint her-/himself with international legal systems and learn to understand different legal approaches from the Finnish perspective.

Teaching and learning methods

Classroom based learning 24 h

Independent work load 15 h
The assessment of one´s own learning 1 h

Accreditation of prior learning (APL)
The student may incorporate previously acquired skills in his/her degree by skills test.

Teacher/s with the main responsibility for the course


Course materials

Heikki Toiviainen: Introduction to Finnish Business Law, Edita 2008; Or Aapo Surakka Access to Finnish Law 2012
Case studies in lessons and additional material given by the lecturer.

Exam 80%

Assignment 20%

The own learning assessment assignment does not impact your grade. The assignment is the same for all courses/modules and your answers will be used also for course/module development. The assignment is completed on an electronic form.

Assessment criteria

Grade 1

• The student is able to identify different sources of law
• The student is able to define basic legal concepts
• The student is able to identify legal problems and understand the basics of the Finnish legal system
• The student knows different company forms to run a business in Finland

Grade 3

• The student is able to identify and use different sources of law
• The student is able to see contracts as a tool for risk management and to a certain extent solve arising legal problems in the field of Commercial law
• The student is able to understand the relationship between national and EU legislation

Grade 5

• The student is able to identify relevant risks and opportunities in different business transactions and deal with those contractually
• The student is able to solve certain commercial legal problems with a relative accuracy