Arbitration In Finland – 2024 FAI Arbitration Rules

On 14 December 2023, the Arbitration Institute of the Finland Chamber of Commerce (the "Institute") announced ¹ the revised Arbitration Rules of the Finland Chamber of Commerce, which came into force on 1 January 2024 (the "2024 FAI Arbitration Rules"). As of 18 March 2024, the Institute also appointed a new Secretary General, Mr. Henrik Sajakorpi. ²

The 2024 FAI Arbitration Rules are the result of an over 100-year-old history of arbitration in Finland. The first version of the rules was prepared in 1910 by the Vaasa Tradesmen's Association, followed by the creation in 1911 of the Helsinki Arbitration Board of Commerce, Industry, and Shipping, which was renamed in 1920 to Helsinki Arbitration Board, in 1928 to the Board of Arbitration of the Central Chamber of Commerce of Finland, and in 2011 to the Finland Chamber of Commerce. ³ The arbitration rules were previously amended in 1961, 1979, 1993, 2004 (with the establishment of expedited arbitration rules), 2013,