FAI Med FAI Mediation Rules 2024
FAI Med
FAI Mediation Rules 2024
12.1 In case of settlement, the parties may, subject to the consent of the mediator, agree to appoint the mediator as an arbitrator and request the arbitrator to confirm the settlement agreement in an arbitral award in accordance with Section 46.2 of the Arbitration Rules of the Finland Chamber of Commerce (“Arbitration Rules”) or Section 44.2 of the Rules for Expedited Arbitration of the Finland Chamber of Commerce (“Expedited Rules”), when applicable.
12.2 Before the acceptance of such appointment as an arbitrator, the mediator shall inform the FAI.
12.3 Before confirming the settlement agreement in an arbitral award, the mediator shall request the FAI to determine the costs of the mediation, including the fee for the work performed as arbitrator, referred to in Article 14 and in Appendix I.
12.4 The provisions of Articles 27, 28, 42, 43, 47, 48 and 51–54 of the Arbitration Rules or Articles 26, 27, 41, 45, 46 and 49–52 of the Expedited Rules, when applicable, shall apply to such proceedings and awards in which a settlement reached in FAI Mediation is confirmed.
12.5 The appointed arbitrator shall transmit an original copy of the award to each of the parties and the FAI without delay.
Imported: