When it comes to the trickiest challenges facing the public sector – incorporating a large and complex business, for example – few firms can match Roschier’s combination of expertise.
As if anyone needed reminding, recent events have shown the huge importance of the public sector in the national economies not just of Europe, but of every developed country. In many areas, the public sector is the largest employer and the greatest investor.
It’s also been a long time since working for the public sector was seen as more straightforward than working for large private-sector businesses. These days, public authorities are large businesses – with the same commitment to innovation, high standards and obtaining value for money for their stakeholders.
In Finland, for example, it is public bodies that currently run some of the country’s largest enterprises – like ports and energy companies. And this is where some of the most interesting developments in the region are taking place.
With the European Commission having made it clear that these arrangements breached competition law, we are entering an exciting phase in which municipalities are incorporating these businesses into limited companies. This complex work requires paying particular attention to the details of company and tax law, with a view to finding the best structure for the business.
In Sweden, meanwhile, the situation is different. The privatization of various services is on the political agenda, for example, and there is an ongoing debate about new financing structures.
In all jurisdictions, political issues and constraints can affect how services must be delivered.
Roschier has the ideal combination of expertise to assist in this challenging work. The firm combines one of the most highly regarded tax teams in the region with unmatched company law expertise – indeed, one of its Partners spent many years at the Finnish Ministry of Justice, playing a key role in writing the country’s current Companies Act.
To this the firm can add skills in all the key related areas, whether it’s the transactional expertise needed for consolidating or divesting businesses, finance expertise, the real estate skills involved in leasing, or the experience of transferring large numbers of employees. The firm is active in PPP projects and particularly well regarded in the competition law field, where it offers high-end knowledge of public procurement and state aid work, all of which can help ensure that key projects run smoothly.