The 100-year-old Arbitration Institute of the Finland Chamber of
Commerce is currently in the process of revising its rules
("Rules"). The revised Rules aim to better correspond to
the needs of the parties by taking into account the recent
international development in the field of arbitration. They will,
to a large extent, be modeled after the recently revised UNCITRAL
arbitration rules and the more widely known rules of several
foreign arbitration institutes. Hence, they will include elements
that appear familiar to those with past experience of international
commercial arbitration under different sets of rules.
The revised Rules will be remarkably detailed and informative.
They will give more emphasis to freedom of contract and
confidentiality of the proceedings. Perhaps most importantly for
both domestic and international clients, the revised Rules should
increase both the speed and the cost-effectiveness of the
proceedings. They should also increase the
