Seminars

YOUNG ARBITRATORS DISCUSSED EFFICIENCY IN ICC ARBITRATION

2 December 2011

The first ever ICC YAF event in Northern Europe was held in Helsinki

On Thursday 1 December 2011 nearly 90 young arbitrators gathered together for the ICC Young Arbitrators Forum in Helsinki at Kiasma, the Museum of Contemporary Art of Finland. New ICC arbitration rules were discussed in light of efficiency in international arbitration. ICC YAF together with ICC Finland arranged the first ever ICC YAF event in Northern Europe. The great success of this event showed that there is growing interest in international arbitration, in particular ICC arbitration among young lawyers in Northern Europe.

Leading young international arbitration experts like Nathalie Voser, Partner of Schellenberg Wittmer (Zürich) and Gaëtan Verhoosel, Partner of Covington & Burling (London) were keynote speakers together with Simon Greenberg, Deputy Secretary General of the ICC International Court of Arbitration. Sessions were moderated by Carita Wallgren-Lindholm, Vice Chair of the ICC Commission on Arbitration; Partner of Lindholm Wallgren (Helsinki) and Eva Storskrubb, Member of the ICC YAF Coordinating Committee for Europe, senior associate of Roschier (Stockholm).

In his opening remarks Timo Vuori, Secretary General of ICC Finland reminded that the Finns have always been internationally well known in resolving political conflicts. He referred to Mr. Martti Ahtisaari, former President of Finland (1994–2000), Nobel Peace Prize laureate and United Nations diplomat and mediator. Now the Finns could take a more active role in resolving business conflicts in international arbitration, Mr. Vuori encouraged young arbitrators at this Helsinki event.

The ICC YAF event participants found that the new ICC arbitration rules give sufficient instruments for streamlining procedures and case management. However, the role of arbitrators and parties is still most important in order to guarantee smooth dispute resolution.

Earlier on the same day the new ICC arbitration rules were officially launched in Finland at a special ICC Finland event. Nearly 40 attorneys and corporate counsel attended the event during which Simon Greenberg of the ICC Court described the key elements of the new rules. One of the comment speeches was delivered by Mika Savola, Partner and Head of Dispute Resolution at Hannes Snellman, who addressed multi-party and multi-contract disputes as well as joinder and intervention in international arbitration proceedings.

The event was arranged by ICC and ICC Finland in close co-operation with leading Finnish law firms Hannes Snellman Attorneys Ltd, Castrén & Snellman Attorneys Ltd, and Roschier Attorneys Ltd.