The FAI partnered with the IPR University Center for two panels on IP arbitration at the Helsinki IP Summit held on 23 and 24 October.
The first panel discussed “Why and how to agree on arbitration in IPR Contracts/Disputes?”. Moderated by Santtu Turunen (FAI Secretary General), the speakers of the panel were Niklas Östman (Partner, Roschier Attorneys), Antti Järvinen (Partner, Frontia/Member of the FAI Board), Bernt Juthström (Partner, Waselius & Wist), Sakari Salonen (Partner, Castrén & Snellman) and Marco Torsello (Partner, Arblit/Professor, University of Verona and NYU School of Law).
The approach of the panel to the use of arbitration in IP related matters was very positive. Especially confidentiality, duration, expertise, enforceability and even costs were confirmed as benefits of arbitration. Many of the traditional objections, such as difficulties in addressing validity related claims, were not considered as fundamental problems. The need of the global business community to have genuinely global dispute resolution mechanisms was also raised.
The second panel focused on “Why Finland is a perfect seat for IPR arbitration and what could we do to be even more attractive?” Mikko Kemppainen (Head of Legal Affairs, Orion/Vice-Chair of the FAI Board) served as moderator for the following speakers: Eeva Hakoranta (Senior Vice President, Head of Intellectual Property, Nokia), Jarkko Ruohola (President of the Finnish Bar Association), Pirke Fustinoni (Vice President, Head of Intellectual Property, Outotec) and Rouven Bodenheimer (Partner, Bodenheimer Hertzberg).
IP disputes were seen as a niche in which Finland would have an edge, being a high-tech orientated country, and supported by a developed, competent and non-corrupt legal and judicial system.
Helsinki IP Summit is the biggest IP event in Scandinavia. It connects people from all the areas of intellectual property. The Summit is targeted to IP practitioners, business leaders, start-ups, law and business students and academics in the IP field. The event was organised by the IPR University Center, a joint institute of six Finnish universities whose function is to coordinate and promote education and research connected to intellectual property rights.
The FAI thanks all the speakers and the IPR University Center for this great event!