In Finland, the Arbitration Institute of the Finland Chamber of Commerce (FAI) provides institutional arbitration services both in domestic and international disputes. Established in 1911, FAI is one of the world´s oldest arbitration institutes.
Shareholder´s agreement is a typical subject matter of disputes in arbitration. In one recent FAI case the issue was about the validity of the arbitration clause in such an agreement, as the respondent claimed that there is no valid and binding arbitration agreement because the main agreement containing the arbitration clause is either null and void, or because it has been terminated. This was rejected by the sole arbitrator as under the separability doctrine applied in Finland, an arbitration clause that forms part of a contract shall be treated as an agreement independent of the other terms of the contract. Read more about the case …