Wagner-Arbitration

Enforcing arbitral awards in Finland

You have already met Perttu Kaikkonen who was a visiting Finnish lawyer at our firm between March 2017 and April 2017. As part of our WAGNER Arbitration Internship Program, Perttu was so kind to put together a Q&A questionnaire with 30 questions and answers addressing the issue of how to enforce an arbitral award in Finland which you will find below.

INTRODUCTION

Finland as a jurisdiction is friendly to arbitration as well as to enforcement of foreign arbitral awards. The costs of both applications for enforcement before a court and enforcement proceedings before the enforcement authority are very low and if a dispute arises for example out of an enforcement application, the winning party may be entitled to compensation of all necessary legal costs without any statutory limitations.

There are some specific features to recognition and enforcement of arbitral awards, which one should know when enforcing a foreign arbitral award or even perhaps when one is about to be a party in an arbitration procedure with its seat in Finland. Features such as automatic recognition of a foreign award and leniency in translation requirements in enforcement proceedings help to save both money and time by simplifying the procedural requirements.

Finland’s national arbitration law is not literally based on the UNCITRAL Model Law, it was however used as one of the sources when drafting it.

 

LEGAL FRAMEWORK

JURISDICTION, PROCEDURE BEFORE COURT

SUBSTANTIAL REQUIREMENTS FOR THE ENFORCEMENT OF FOREIGN AWARDS

SUBSTANTIAL REQUIREMENTS FOR THE ENFORCEMENT OF DOMESTIC AWARDS

EFFECTS, REMEDIES & PROCEDURAL REQUESTS

THE ENFORCEMENT ITSELF

MISCELLANEOUS

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Pablo Ortega Krstulovic

Pablo Ortega Krstulovic is a Chilean-qualified lawyer who joins us as a visiting professional from the new class of the IDR LL.M at HU. He grew up in Arica, Chile and completed his legal education at the University of Chile in Santiago. Before moving to Berlin, Pablo gained experience as an associate lawyer at one of […]

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Diego Melendez Hirezi

Diego Melendez Hirezi is a Salvadorean-qualified lawyer. He graduated from the Superior School of Business and Economics of El Salvador. Currently, he is a student in the International Dispute Resolution LL.M program at Berlin Humboldt University. For more than five years, he worked as an associate in the litigation and arbitration department of Arias Law, a […]

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Filippo Furlano

Filippo Furlano is a qualified lawyer in the province of Ontario, Canada, and a current candidate of the International Dispute Resolution LL.M. program at the Humboldt-Universität zu Berlin. He holds a Bachelor of Laws degree from the University of Leicester, and a Bachelor of Arts degree in Political Science and History from McGill University. Prior to […]

About Wagner Arbitration

The law firm WAGNER Arbitration has its offices in Berlin and specializes in dispute resolution with a focus on arbitration. In addition, the firm offers comprehensive counseling services related to domestic and international business disputes and transactions.

Disclaimer

This Journal and its contents serve informational purposes only and do not replace individual legal advice. Please contact us, should you have any inquiries or comments.

The answers provided in this questionnaire are as of April 2017. Please note that the relevant legal provisions may be subject to amendments.