We are currently developing the documentation of statistics. At the moment, the content is not necessarily up-to-date in all respects.
Business restructuring proceedings: documentation of statistics
The documentation of the statistics describes how the statistics were compiled and what methods were used in the compilation. The data help interpret the figures of the statistics and evaluate their reliability and comparability. The quality report is based on the EU's SIMS model. The documentation also contains change releases describing changes in the statistics and possible specifying methodological descriptions.
If you are looking for statistical figures for these statistics, go to the statistics page: Business restructuring proceedings
Quality report
Data description (SIMS 3.1)
Statistics Finland publishes statistics on the business restructuring cases pending and concluded at district courts. Pending restructuring cases refer to the restructuring petitions concerning enterprises, entrepreneurs or corporations filed during the calendar year. The first business structuring petition filed in the calendar year is recorded in the statistics as a pending restructuring case. Other petitions received during the calendar year concerning the same enterprise, entrepreneur or corporation show in the statistics as concluded business restructuring cases. Several creditors may file a business restructuring petition concerning the same enterprise during a year. The number of petitions is always higher than the number of pending business restructuring cases. In respect of single-establishment enterprises the data on business restructuring by area in these statistics are based on the municipality of location of the establishments. Location of establishments also determines the area for those multiple-establishment enterprises whose activity is all located in the same municipality. Enterprises operating in several municipalities are classified according to their municipality of domicile. In other cases, data on the area are determined by the municipality of domicile of the debtor. The data concerning enterprises establishments and municipalities of domicile are obtained from Statistics Finlands Business Register. New legislation on the restructuring of business debts entered into force in Finland on 8 February 1993, with the aim of improving the economic position of business enterprises that have run into financial difficulties. Business restructuring is an alternative to bankruptcy. The procedure aims to ensure continuity of the activity of a viable enterprise. It is left to the courts discretion whether an enterprise would be viable after restructuring.
Concepts and definitions (SIMS 3.4)
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.
Jobs in enterprises for which a petition for restructuring has been filed
The number of jobs in enterprises for which a petition for restructuring has been filed during the calendar year. If the number of personnel is not known, the default number of one is applied.
Pending restructuring cases
In Statistics Finland statistics, pending restructuring cases refer to restructuring petitions concerning enterprises, corporations, estates of deceased persons or private individuals filed during the calendar year. The first business structuring petition filed in the calendar year is recorded in the statistics as a pending restructuring case. Several creditors may file a business restructuring petition concerning the same enterprise during a year, but only the first petition is recorded in the statistics as a pending restructuring case. The number of petitions is always higher than the number of pending restructuring cases in these statistics.
Institutional mandate (SIMS 6)
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Quality assurance (SIMS 11.1)
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Release calendar (SIMS 8.1)
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User access (SIMS 8.3)
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Confidentiality - policy (SIMS 7.1)
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