Waselius authored an overview of arbitration in Finland, examining the FAI’s central role and the upcoming legislative reform. This in‑depth overview was published by Chambers and Partners in April 2026.
The publication outlines Finland’s predominantly institutional arbitration framework, the international profile of FAI‑administered proceedings, and the efficiency of arbitrations under both the regular and expedited FAI Rules.
A key focus is the Ministry of Justice working group’s proposal, published in December 2025, to comprehensively renew the Finnish Arbitration Act. The proposed reform would align Finnish law more closely with the 2006 UNCITRAL Model Law and strengthen Finland’s position as a competitive Nordic arbitration seat.
The article highlights the most significant proposed changes, including more flexible form requirements for arbitration agreements, a modernised approach to arbitrability, the codification of core arbitration principles, enhanced tribunal powers, increased digitalisation, harmonised annulment grounds, and the concentration of arbitration‑related court proceedings in specialised courts.
The complimentary publication is available on the Chambers and Partners website via the following link: https://chambers.com/content/item/7380
And republished here with the permission of Chambers and Partners.
