Finland: Arbitration & Dispute Resolution

Aloitamme uuden blogisarjan, jossa käsittelemme avaruuteen liittyviä oikeudellisia ilmiöitä, ajankohtaisia aiheita ja avaruustoimialan sääntelyä. Katseiden kääntäminen taivaalle kannattaa, sillä globaalin kasvun ohella avaruustoiminta kasvaa voimakkaasti myös Suomessa.

In addition, the arbitral tribunal had sent paper copies of the arbitral award to the parties by courier on 1 August 2022.

Restitution of unjust enrichment is one of the principles of civil law that aims to ensure justice in property relations.

Nevertheless, certain NATO agencies and regulations stand out as particularly relevant for Finnish companies interested in getting involved with NATO procurements.

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When foreign investment is concerned and disputes involving the host state begin to arise, the relevant paperwork for a company to review is not only their own contracts, but also any relevant treaties.

Foreign and national parties to a dispute are treated equally. In general, foreign parties are given a friendly understanding for not being familiar with the procedure at a Finnish court and when compared to the formal habits and detailed procedural rules in Germany, England or France, foreign clientele often experiences the Finnish way of civil proceedings having something comparable to arbitration.

The formal legal requirements for an arbitration agreement to be enforceable under Finnish arbitration law are in substance identical to those of the UNCITRAL Model Law on International Commercial Arbitration (the "UNCITRAL Model Law").

Although the Supreme Court of Finland has issued only one judgment relating to arbitration since 1999, the court is currently considering two such cases and it is expected that judgments in both cases will be issued in the next few months.