Lemminkäinen Group
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Lemminkäinen Group
Lemminkäinen Group was a Finnish company that operated in the construction industry. Its business areas were building construction and infrastructure construction. The company operated in Finland, Scandinavia, Baltic countries and Russia. Lemminkäinen was merged with YIT in February 2018. The company is named after the Finnish mythological figure Lemminkäinen. Controversies Lemminkäinen and seven smaller companies were convicted of forming a price cartel to overcharge local authorities millions of euros for road paving work (asphalt). In 1999 the Supreme Administrative Court of Finland The Supreme Administrative Court of Finland (, ) is the highest court in the Finnish administrative court system, parallel to the Supreme Court of Finland. Its jurisdiction covers the legality of the decisions of government officials, and its ... ruled that the companies colluded on prices and other matters at least between 1994 and 2002. Helsinki District Court was in November 2013 o ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Baltic States
The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern coast of the Baltic Sea are sometimes referred to as the "Baltic nations", less often and in historical circumstances also as the "Baltic republics", the "Baltic lands", or simply the Baltics. All three Baltic countries are classified as high-income economies by the World Bank and maintain a very high Human Development Index. The three governments engage in intergovernmental and parliamentary cooperation. There is also frequent cooperation in foreign and security policy, defence, energy, and transportation. The term "Baltic states" ("countries", "nations", or similar) cannot be used unambiguously in the context of cultural areas, national identity, or language. While the majority ...
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Construction And Civil Engineering Companies Established In 1910
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction i ...
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Construction And Civil Engineering Companies Of Finland
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and comes from Latin ''constructio'' (from ''com-'' "together" and ''struere'' "to pile up") and Old French ''construction''. To construct is the verb: the act of building, and the noun is construction: how something is built, the nature of its structure. In its most widely used context, construction covers the processes involved in delivering buildings, infrastructure, industrial facilities and associated activities through to the end of their life. It typically starts with planning, financing, and design, and continues until the asset is built and ready for use; construction also covers repairs and maintenance work, any works to expand, extend and improve the asset, and its eventual demolition, dismantling or decommissioning. The construction i ...
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Companies Based In Helsinki
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Supreme Administrative Court Of Finland
The Supreme Administrative Court of Finland (, ) is the highest court in the Finnish administrative court system, parallel to the Supreme Court of Finland. Its jurisdiction covers the legality of the decisions of government officials, and its decisions are final. Appeals are made to the Supreme Administrative Court from the decisions of the administrative courts of Helsinki, Turku, Hämeenlinna, Kouvola, Kuopio, Vaasa, Oulu, Rovaniemi and Åland, the Market Court, and the Council of State. In most issues, it is possible to appeal to the Supreme Administrative Court of Finland from the judgment of the administrative court. However, in some case areas of administrative law, an appeal requires a leave of appeal from the Supreme Administrative Court. The most important such area are insurance cases. In some restricted areas of law, for example, in parking fines, the decision of the administrative court is final and cannot be appealed to the Supreme Administrative Court. In adm ...
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Cartel
A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Cartels are usually associations in the same sphere of business, and thus an alliance of rivals. Most jurisdictions consider it anti-competitive behavior and have outlawed such practices. Cartel behavior includes price fixing, bid rigging, and reductions in output. The doctrine in economics that analyzes cartels is cartel theory. Cartels are distinguished from other forms of collusion or anti-competitive organization such as corporate mergers. Etymology The word ''cartel'' comes from the Italian word '' cartello'', which means a "leaf of paper" or "placard", and is itself derived from the Latin ''charta'' meaning "card". The Italian word became ''cartel'' in Middle French, which was borrowed into English. In English, the word was originally used for a written agreement between warring nations to regulate the treatment and exchange of p ...
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Lemminkäinen
Lemminkäinen () or Lemminki () is a prominent figure in Finnish mythology. He is one of the heroes of the ''Kalevala'', where his character is a composite of several separate heroes of oral poetry. He is usually depicted as young and good-looking, with wavy red hair. Description The original, mythological Lemminkäinen is a shamanistic figure. In the Kalevala, he has been blended together with epic war-heroes Kaukomieli/Kaukamoinen and Ahti Saarelainen. In one myth, he drowns in the river of Tuonela (the underworld) in trying to capture or kill the black swan that lives there as part of an attempt, as Ilmarinen once made, to win a daughter of Louhi as his wife. In a tale somewhat reminiscent of Isis' search for Osiris, Lemminkäinen's mother searches heaven and earth to find her son. Finally, she learns of his fate and asks Ilmarinen to fashion her a rake of copper with which to dredge her son's body from the river of Tuonela. Thus equipped, she descends into the underworl ...
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Finnish Mythology
Finnish mythology is a commonly applied description of the folklore of Finnish paganism, of which a modern revival is practiced by a small percentage of the Finnish people. It has many features shared with Estonian and other Finnic mythologies, but also shares some similarities with neighbouring Baltic, Slavic and, to a lesser extent, Norse mythologies. Finnish mythology survived within an oral tradition of mythical poem-singing and folklore well into the 19th century. Of the animals, the most sacred was the bear, whose real name was never uttered out loud, lest his kind be unfavorable to the hunting. The bear ("karhu" in Finnish) was seen as the embodiment of the forefathers, and for this reason it was called by many circumlocutions: ''mesikämmen'' ("mead-paw"), ''otso'' ("browed one"), ''kontio'' ("dweller of the land"), ''metsän kultaomena'' ("the golden apple of the forest") but not a god. Study of Finnish mythological and religious history The first historical mention ...
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Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across Time in Russia, eleven time zones and shares Borders of Russia, land boundaries with fourteen countries, more than List of countries and territories by land borders, any other country but China. It is the List of countries and dependencies by population, world's ninth-most populous country and List of European countries by population, Europe's most populous country, with a population of 146 million people. The country's capital and List of cities and towns in Russia by population, largest city is Moscow, the List of European cities by population within city limits, largest city entirely within E ...
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Scandinavia
Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also refer more narrowly to the Scandinavian Peninsula (which excludes Denmark but includes part of Finland), or more broadly to include all of Finland, Iceland, and the Faroe Islands. The geography of the region is varied, from the Norwegian fjords in the west and Scandinavian mountains covering parts of Norway and Sweden, to the low and flat areas of Denmark in the south, as well as archipelagos and lakes in the east. Most of the population in the region live in the more temperate southern regions, with the northern parts having long, cold, winters. The region became notable during the Viking Age, when Scandinavian peoples participated in large scale raiding, conquest, colonization and trading mostl ...
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Helsinki
Helsinki ( or ; ; sv, Helsingfors, ) is the Capital city, capital, primate city, primate, and List of cities and towns in Finland, most populous city of Finland. Located on the shore of the Gulf of Finland, it is the seat of the region of Uusimaa in southern Finland, and has a population of . The Helsinki urban area, city's urban area has a population of , making it by far the List of urban areas in Finland by population, most populous urban area in Finland as well as the country's most important center for politics, education, finance, culture, and research; while Tampere in the Pirkanmaa region, located to the north from Helsinki, is the second largest urban area in Finland. Helsinki is located north of Tallinn, Estonia, east of Stockholm, Sweden, and west of Saint Petersburg, Russia. It has History of Helsinki, close historical ties with these three cities. Together with the cities of Espoo, Vantaa, and Kauniainen (and surrounding commuter towns, including the eastern ...
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