The Finland Chamber of Commerce appoints new Chairmanship Heidi Merikalla-Teir, Gisela Knuts and Anders Forss together with two new International Members to the Board of The Finland Arbitration Institute (FAI) as of 1 January 2022 – current Chairmanship awarded with medals of extraordinary achievement
Attorney at law, Managing Partner Heidi Merikalla-Teir (Merilampi Attorneys Ltd, Finland) has been appointed Chair of the FAI Board as of 1 January 2022. Merikalla-Teir has previously held the position of Secretary General of the FAI and has been part of the task forces renewing and drafting the Arbitration and Mediation Rules of the Institute. Attorney at law, Partner Gisela Knuts (Roschier, Attorneys Ltd, Finland) and Attorney at law, Partner Anders Forss (Castrén & Snellman Attorneys Ltd, Finland) have been appointed as Vice-Chairs.
Partner Anina Liebkind (Norburg & Scherp Advokatbyrå AB, Sweden) and Counsel Andrey Panov (Allen & Overy LLP, Russia) have been appointed as new International Members of the FAI Board.
The term of the current FAI Chairmanship ends on 31 December 2021. The Finland Chamber of Commerce has awarded Attorney at law, Partner, FAI Board Chair Petra Kiurunen (Lindfors & Co Attorneys at Law Ltd, Finland) and Head of Legal Affairs, FAI Board Vice-Chair Mikko Kemppainen (Orion Corporation, Finland) its Medals for Extraordinary Achievement for their significant contribution to the development of commercial dispute resolution services and meritorious work in the Chairmanship of the FAI Board. Attorney at law, Partner, FAI Board Vice-Chair Marko Hentunen (Castrén & Snellman Attorneys Ltd, Finland) has been awarded The Finland Chamber of Commerce Cross for Extraordinary Achievement as recognition of his meritorious work to promote the economic freedom and the operational prerequisites of the Finland business community. Hentunen held a key role in the taskforce renewing the FAI Arbitration Rules as of 1 June 2013. The recognitions were awarded in connection with Helsinki International Arbitration Day on 3 December 2021 and the FAI Board’s final meeting of the year on 17 December 2021.
As of 1 January 2022, the composition of the FAI Board is the following:
Heidi Merikalla-Teir, Managing Partner, Merilampi Attorneys Ltd, Finland
Gisela Knuts, Partner, Roschier, Attorneys Ltd, Finland
Anders Forss, Partner, Castrén & Snellman Attorneys Ltd, Finland
Tero Artimo, Attorney at law, Asianajotoimisto Artimo & Co, Finland
Tarja Honkanen, District Judge, District Court of Helsinki, Finland
Antti Järvinen, Partner, Frontia Attorneys Ltd, Finland
Ville Pönkä, LL.D., Professor of Private Law, University of Helsinki, Finland
Tuuli Timonen, Senior Licensing Manager, Nokia Technologies Ltd, Finland
Daniel Hochstrasser, Partner, Bär & Karrer AG, Switzerland
Jennifer Kirby, Arbitrator, KIRBY, France
Stefan Kröll, Arbitrator, Professor for International Dispute Resolution, Bucerius Law School, Germany
Anina Liebkind, Partner, Norburg & Scherp Advokatbyrå AB, Sweden
Robin Oldenstam, Partner, Mannheimer Swartling Advokatbyrå AB, Sweden
Andrey Panov, Counsel, Allen & Overy LLP, Russia
Galina Zukova, Partner, ZUKOVA Legal, France
The FAI wishes to extend its gratitude and warmest thanks to the current Chairmanship as well as the Finnish and International Members stepping down from the Board as their terms come to an end on 31 December 2021:
Chair Petra Kiurunen
Vice-Chair Marko Hentunen
Vice-Chair Mikko Kemppainen
Finnish Member Olli Sailas
International Member Niuscha Bassiri
International Member Toomas Vaher
Prima facie jurisdictional decision by the FAI Board allowing a single arbitration initiated against two separate parties on the basis of three different arbitration agreements to proceed
Article 14 is one of the key provisions of the FAI Rules. It sets out the prima facie jurisdictional test that needs to be fulfilled in order for the FAI Board to assume jurisdiction and to administer a case under the Rules. The provision is divided into two main subsections.
Finland Chamber of Commerce has appointed Ms Heidi Merikalla-Teir, MBA, LL.M., as new Secretary General of the Arbitration Institute of the Finland Chamber of Commerce (FAI). Ms Merikalla-Teir joins the Arbitration Institute on February 2, 2015 and will be responsible for developing and coordinating the activities of FAI.
Ms Merikalla-Teir has previously worked as a Specialist Partner at Attorneys at law Borenius Ltd, specializing in commercial arbitration and other forms of dispute resolution. “Ms Merikalla-Teir has also considerable experience in acting as arbitrator, also under the FAI Rules. This gives her an excellent background to develop and promote the Institute”, says director Anne Horttanainen.
The new FAI Rules entered into force on 1 June 2013. “Arbitration is becoming increasingly important and popular method of resolving commercial disputes. The new arbitration rules correspond with the best international practices and work very well in the resolution of both domestic and international business disputes. The new arbitration rules combined with effective case administration and appointment of proficient arbitrators lay an excellent foundation for promoting the Institute and arbitration in Finland”, says Merikalla-Teir.
Arbitration is an alternative dispute resolution method to litigation in state courts. It is generally considered as the most effective means of resolving both domestic and international commercial disputes.
FAI administers the settlement of disputes in domestic and international arbitrations governed by its Rules. In addition, FAI may be designated as appointing authority without subjecting the arbitration to the provisions of the Rules. Since 1919 FAI has operated in connection with the Finland Chamber of Commerce. However, being an autonomous and impartial arbitration body, it carries out its functions independently of the Finland Chamber of Commerce.
Companies are making deals on a daily basis. The final terms of the deal are put into a contract reflecting the business project that you and your business partner wish to turn into reality.
When drafting your contract, keep in mind that sometimes business projects turn out different as predicted. In any event, you must be prepared for any possible dispute that might arise out of or relating to your contract. A good way of doing this is with a well-crafted dispute resolution clause. In international and domestic business, this usually means to insert an arbitration clause at the end of the contract.
Arbitration is increasingly becoming a more common method for resolving business disputes. The Arbitration Institute of the Finland Chamber of Commerce is striving to raise the expertise in arbitration by launching the first Finnish Arbitration Academy. The institute will also host one of the main events in the arbitration field, the Helsinki International Arbitration Day 2014.
With a Nobel prize granted to President Martti Ahtisaari for his outstanding work as mediator and a general solution-oriented and practical approach to resolving disputes, Finland has proved to be effective and efficient in resolving disputes.
Further to a trusted and reliable judicial system, Finland exhibits an increasing use of arbitration as a method of resolving commercial disputes. When it comes to international business disputes, arbitration is clearly the preferred method of resolving disputes, which is in line with current international trends.
There are many reasons to designate Finland as the seat of international arbitration. Finland has ratified the New York Convention without any reservations, thus maximizing the enforcement potential of the parties’ arbitration agreement and any resulting award. Equally important, the relevant legislative framework and national court system are hospitable to and supportive of international arbitration. Neutrality, lack of corruption, safety and accessibility add to Finland’s strengths as arbitral seat. Finally, our high education level, coupled with a solution-oriented cultural approach to problem solving, contribute to the availability of well-qualified arbitrators and counsel for international arbitration proceedings.
Arbitration – an alternative to litigation
Arbitration is an alternative dispute resolution method to litigation in state courts. It is generally considered as the most effective means of resolving both domestic and international commercial disputes. Any dispute that can be settled by agreement between the parties may be referred to arbitration for final decision.