The Finnish Arbitration Academy is a programme organised by the FAI to ensure that the pool of qualified arbitration practitioners will continue to grow in Finland. More than 180 lawyers have already completed the Academy.
A Review of the FAI’s Year 2019
The year 2019 was full of action at the FAI. The FAI Arbitration Rules and Rules for Expedited Arbitration were revised, entering into force on 1 January 2020. Mr Santtu Turunen was appointed as new Secretary General to head the FAI Secretariat. New Finnish and international Board members began their terms. In May, the FAI hosted the 15th IFCAI Biennial Conference in Helsinki. The FAI launched a specialisation programme for arbitration lawyers.
The key statistics were positive: The new filings increased by 10 percent compared to the previous year, reaching 67 cases by the end of the year. The median duration of FAI arbitration remained at an excellent level of 8 months after transfer of the case file to the tribunal, and at 3 months in FAI expedited arbitrations.
Please find below some brief comments on selected highlights of the FAI statistics and a brief account of the highlights of FAI activities in 2019. (more…)
Six Questions to Antti Järvinen, Partner at Frontia Attorneys at Law Ltd, FAI Board Member
What is the most enjoyable part of your work?
Having the chance to help our clients in matters that are important to them and work together with colleagues who I consider the best in the market.
What is most challenging in your work?
I think every case is a positive challenge. A litigator needs to feel challenged, push ahead and turn every stone. A very important, though sometimes underestimated part of a litigator’s work is to discover and profoundly understand the parties’ strategic goals and business drivers underlying a dispute. It is critical to consider these issues thoroughly also in order to help the client reach a rational settlement, when possible, and avoid unnecessary proceedings.
Solja Seppänen started as a part-time trainee at the FAI. Seppänen is a sixth-year law student from the University of Turku currently participating in the masters thesis project titled “Theory and Practice of Law of Obligations” lead by Professor Mika Viljanen.
At the FAI, Seppänen will assist in case management, communications and organisation of events. Further, Seppänen will participate in various research tasks and general office work.
The FAI has published the FAI Award Checklist and the FAI Tax Guidelines in the English language.
The FAI Award Checklist aims to support the arbitral tribunal in the drafting of arbitral awards under the Arbitration Rules and the Rules for Expedited Arbitration of the Finland Chamber of Commerce. The checklist is not exhaustive nor binding on the arbitral tribunal but intended to give general recommendations for a high-quality and enforceable award.
The purpose of the FAI Tax Guidelines is to draw the arbitrators’ attention to tax issues related to the arbitrator’s fee and expenses. The guidelines, however, do not exempt the arbitrator from verifying the tax treatment of his/her fee and expenses.
Both publications are also available in Finnish on our website.