The Finland Arbitration
Institute
The Arbitration Institute of the Finland Chamber of Commerce (FAI) provides arbitration and mediation services for resolving domestic and international disputes.
Arbitration and mediation are fast, cost-effective and confidential ways of resolving commercial disputes. Parties may agree to submit their disputes to arbitration or mediation by inserting an arbitration or mediation clause in their main contract. It is also possible to submit a dispute to arbitration or mediation with a separate agreement and once the dispute has already arisen.
The FAI does not itself resolve disputes, but administers proceedings in accordance with its arbitration and mediation rules. In addition, the FAI may be designated as appointing authority without subjecting the arbitration to the FAI rules, i.e., the Arbitration Rules of the Finland Chamber of Commerce or the Rules for Expedited Arbitration of the Finland Chamber of Commerce (ad hoc arbitration).
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FAI
The Arbitration Institute of the Finland Chamber of Commerce (FAI)
THE FAI is an autonomous arbitration body of the Finland Chamber of Commerce administering arbitrations and mediations pursuant to its rules. Although part of the organisation of the Finland Chamber of Commerce, the FAI carries out its functions in complete independence from the Finland Chamber of Commerce and its organs.
The FAI does not itself resolve disputes, but administers proceedings in accordance with its arbitration and mediation rules. In addition, the FAI may be designated as appointing authority without subjecting the arbitration to the FAI rules, i.e., the Arbitration Rules of the Finland Chamber of Commerce or the Rules for Expedited Arbitration of the Finland Chamber of Commerce (ad hoc arbitration).
The FAI Secretariat carries out the daily functions in the administration of arbitrations and mediations. The Secretariat can be reached via email at info@arbitration.fi.
Arbitration
Arbitration is a fast and confidential alternative for dispute resolution in state courts and it is widely used in resolving domestic and international commercial disputes. Any dispute in a civil or commercial matter which can be settled by agreement between the parties may be referred to arbitration.
The arbitral tribunal will finally settle the dispute of the parties with a binding arbitral award. An arbitral award is non-appealable. An arbitral award is enforceable in Finland and internationally.
Parties must agree to submit their disputes to arbitration by inserting a written arbitration clause in their main contract. It is also possible to submit a dispute to arbitration with a separate agreement and once the dispute has already arisen. The FAI recommends its Model Arbitration Clauses.
Mediation
Mediation is a voluntary and confidential process, in which a neutral mediator assists the parties in settling their dispute amicably.
The mediator’s role is to assist the parties in finding an amicable solution by facilitating discussions, exchange of information, and negotiations between the parties. The mediator does not make decisions or rulings as to the merits of the case. The Mediation Rules of the Finland Chamber of Commerce have been prepared to provide a flexible, straightforward and user-friendly framework for facilitative mediation.
Parties may agree to submit their disputes to mediation by inserting a mediation clause in their main contract. It is also possible to submit a dispute to mediation with a separate agreement and once the dispute has already arisen. The FAI recommends its Model Mediation Clause.
