On 14 December 2023, the Arbitration Institute of the Finland Chamber of Commerce (the “Institute”) announced[1] the revised Arbitration Rules of the Finland Chamber of Commerce, which came into force on 1 January 2024 (the “2024 FAI Arbitration Rules”). As of 18 March 2024, the Institute also appointed a new Secretary General, Mr. Henrik Sajakorpi.[2] […]
Context in Treaty Interpretation
When addressing context in treaty interpretation, the primary point of reference is the Vienna Convention on the Law of Treaties (the “Vienna Convention”). The Vienna Convention was adopted on 23 May 1969 by the United Nations.[1] It entered into force for the original parties on 27 January 1980.[2] The Vienna Convention constitutes one of the most […]
Arbitration in Poland
Arbitration in Poland has developed considerably over the years. Currently, the key place of arbitration is Warsaw, which hosts the most reputable arbitration institutions, including the Court of Arbitration at the Polish Chamber of Commerce. The majority of cases concern commercial disputes, including post-M&A, construction, and lease-related disputes.[1] Arbitration in Poland is governed by Part […]
The Drawbacks of Third-Party Funding for Arbitration
Third-party funding has obtained a significant role in international arbitration by providing financial support to parties who may not have the means to pursue or defend a claim otherwise.[1] It can be a godsend to claimants who might otherwise be unable to enforce their rights. While the advantages of third-party funding are frequently emphasized, it […]
Arbitration in Israel: New 2024 Arbitration Law
On 12 February 2024, the Israeli Knesset adopted the long-awaited 2024 International Commercial Arbitration Law (the “New Arbitration Law”). Before the reform, arbitration in Israel was governed by the 1968 Arbitration Law. The main objective of the New Arbitration Law is to adapt Israel’s arbitration regime to international standards. As stated in Section 2(e)(1), in […]