District Court of Satakunta Sample Clauses

District Court of Satakunta. The District Court of Satakunta as the court of first instance emphasized the fact that C was not a party to the shareholders’ agreement and had not signed the agreement. The District Court interpreted section 3 of the Finnish Arbitration Act narrowly and underlined the 54 Section 4 of the Finnish Arbitration Act (translation, see Xxxxxxxx 1984, Annex I of the Finland Chapter, p. 1). letter of the law, requiring that an express written consent be made by C in order for him to be bound by the arbitration clause. In addition, the District Court supported this sentiment by noting that the contracting parties would have had the possibility to bind C by including a provision expressly stating so. In conclusion, the District Court found that C was not bound by the arbitration clause.
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