FAI ExpArb FAI Expedited Arbitration Rules 2024
FAI ExpArb
FAI Expedited Arbitration Rules 2024
Below are model arbitration clauses for parties who wish to submit to arbitration under the Rules for Expedited Arbitration of the Finland Chamber of Commerce.
Standard arbitration clause:
Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitration of the Finland Chamber of Commerce.
Note: Parties may wish to consider adding:
(a) The seat of arbitration shall be [town and country].
(b) The language of the arbitration shall be [language].
(b) The language of the arbitration shall be [language].
Arbitration clause without Emergency Arbitrator:
Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitration of the Finland Chamber of Commerce. The Emergency Arbitrator provisions shall not apply.
Note: Parties may wish to consider adding:
(a) The seat of arbitration shall be [town and country].
(b) The language of the arbitration shall be [language].
(b) The language of the arbitration shall be [language].
Combined arbitration clause:
Any dispute, controversy or claim arising out of or relating to this contract, or the breach, termination or validity thereof, shall be finally settled by arbitration in accordance with the Rules for Expedited Arbitration of the Finland Chamber of Commerce.
However, at the request of a party, the Arbitration Institute of the Finland Chamber of Commerce may determine that the Arbitration Rules of the Finland Chamber of Commerce shall apply instead of the Rules for Expedited Arbitration, if the Arbitration Institute considers this to be appropriate taking into account the amount in dispute, the complexity of the case, and other relevant circumstances.
However, at the request of a party, the Arbitration Institute of the Finland Chamber of Commerce may determine that the Arbitration Rules of the Finland Chamber of Commerce shall apply instead of the Rules for Expedited Arbitration, if the Arbitration Institute considers this to be appropriate taking into account the amount in dispute, the complexity of the case, and other relevant circumstances.
Note: Parties may wish to consider adding:
(a) The seat of arbitration shall be [town and country].
(b) The language of the arbitration shall be [language].
(b) The language of the arbitration shall be [language].
Imported: