FINLAND
Russia
Sweden
Finland
Law and Practice Contributed by: Julia Pekkala, Mikko Leppä, Risto Sandvik and Nuutti Kortelainen HPP Attorneys Ltd
Helsinki
Contents 1. General p.223 1.1 Prevalence of Arbitration p.223 1.2 Key Industries p.223 1.3 Arbitration Institutions p.223 1.4 National Courts p.223 2. Governing Legislation p.223 2.1 Governing Law p.223 2.2 Changes to National Law p.224 3. The Arbitration Agreement p.224 3.1 Enforceability p.224 3.2 Arbitrability p.224 3.3 National Courts’ Approach p.224 3.4 Validity p.224 4. The Arbitral Tribunal p.224 4.1 Limits on Selection p.224 4.2 Default Procedures p.225 4.3 Court Intervention p.225 4.4 Challenge and Removal of Arbitrators p.225 4.5 Arbitrator Requirements p.225 5. Jurisdiction p.225 5.1 Challenges to Jurisdiction p.225 5.2 Circumstances for Court Intervention p.226 5.3 Timing of Challenge p.226 5.4 Standard of Judicial Review for Jurisdiction/ Admissibility p.226 5.5 Breach of Arbitration Agreement p.226 5.6 Jurisdiction Over Third Parties p.226 6. Preliminary and Interim Relief p.227
8. Evidence p.228 8.1 Collection and Submission of Evidence p.228 8.2 Rules of Evidence p.229 8.3 Powers of Compulsion p.229 9. Confidentiality p.229 9.1 Extent of Confidentiality p.229 10. The Award p.230 10.1 Legal Requirements p.230 10.2 Types of Remedies p.230 10.3 Recovering Interest and Legal Costs p.230 11. Review of an Award p.230 11.1 Grounds for Appeal p.230 11.2 Excluding/Expanding the Scope of Appeal p.231
11.3 Standard of Judicial Review p.231 12. Enforcement of an Award p.231 12.1 New York Convention p.231 12.2 Enforcement Procedure p.231 12.3 Approach of the Courts p.232 13. Miscellaneous p.232 13.1 Class Action or Group Arbitration p.232 13.2 Ethical Codes p.232 13.3 Third-Party Funding p.232 13.4 Consolidation p.232 13.5 Binding of Third Parties p.233
6.1 Types of Relief p.227 6.2 Role of Courts p.227 6.3 Security for Costs p.227 7. Procedure p.227
7.1 Governing Rules p.227 7.2 Procedural Steps p.228 7.3 Powers and Duties of Arbitrators p.228 7.4 Legal Representatives p.228
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