Helsinki International Arbitration Day 2017 (HIAD 2017) on the topic “Taking a Close Look at Today’s Arbitral Process and Who Pays for It” was held on 18 May 2017. The conference attracted about 250 legal practitioners specialised and interested in arbitration and dispute resolution from approximately 20 countries. The conference was followed by a dinner with speech by Mr Eric Schwartz, arbitrator member and door tenant of Fountain Court Chambers in London. (more…)
Key Actors in Finnish Arbitration Awarded Medals of Merit in Connection with the Helsinki International Arbitration Day 2017
The Chair of the Board of the Arbitration Institute of the Finland Chamber of Commerce (FAI), Mr Mika Savola, has been awarded The Chamber of Commerce Cross. The Finland Chamber of Commerce has awarded Savola The Chamber of Commerce Cross on behalf of the Finnish business and industry for his meritorious work for the FAI and contribution to the Finnish business and industry.
The FAI is a Media Partner in the 6th DIS Baltic Arbitration Days. Please find more information below and the programme here. To register for the conference please fill out the following form: https://goo.gl/forms/IdoHRdzqQALGtTWm1
The Arbitration Institute of the Finland Chamber of Commerce (FAI) and the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) organised a joint Morning Seminar on Arbitration in Helsinki on 8 March 2017. The seminar addressed some topical issues at the both arbitration institutes. As to the SCC, the focus was in the SCC Rules Revision. As for the FAI, the seminar provided some insight into the FAI’s recent practice relating, inter alia, to consolidation of proceedings, confirmation of arbitrators, and determination of the costs of the arbitration. Also, the revision of local arbitration laws in Finland and Sweden was briefly touched upon during the seminar. (more…)
From the early days of Young Arbitration Club Finland (“YACF”) the following description has been stated at YACF’s webpage:
“Young Arbitration Club Finland (YACF) is an association for young lawyers and other professionals interested in arbitration and alternative dispute resolution. Founded in 2012, YACF seeks to promote arbitration in Finland and to increase awareness of Finnish arbitration abroad by providing lawyers aged 40 and below an easy-going forum for exchanging views and networking.” (more…)
2016 was yet another interesting year at the FAI in terms of arbitration cases, events and activities. This is evidenced already by the 2016 FAI case statistics that have been published at http://arbitration.fi/the-arbitration-institute/statistics/.
The following is a summary of some statistical information of interest to FAI users as well as a brief review of the FAI’s latest events and activities. At the end of the article, we will elaborate on what we have planned for the year 2017 and why it is a big year in Finland. (more…)
The FAI wishes to provide students interested in arbitration with the opportunity to participate in Helsinki International Arbitration Day 2017 (HIAD 2017) free of charge. If you are interested in participating in the conference, kindly send an email application with your CV to Karoliina Koistila (email@example.com) at the latest on 20 March 2017.
Principles Governing the Determination of the Administrative Fee and the Arbitrators’ Fees in Cases of Early Termination of Arbitration Proceedings
One of the main objectives of the 2013 FAI Rules revision was to make arbitration more cost-efficient. For that purpose, the provisions of the Rules governing the determination of the arbitration costs were completely revised. One of the key changes was to confer upon the FAI Board the sole power to determine the costs of the arbitration, including the fees payable to each of the arbitrators.
Throughout YACF’s soon to be five year history, the club has been active internationally providing its members with opportunities to meet with and share their experiences with young practitioners from other jurisdictions. Besides Finnish lawyers, the club’s membership also includes a number of practitioners particularly from the Baltics. The three seminars organized by YACF in the respective Baltic countries have further enabled YACF members to interact with young practitioners in the Baltic countries where no organized clubs yet exist.