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Question 1

Would the licenced premises violate the law if there was organised a drinking competition where participants have to drink a lot of alcoholic beverages as quickly as possible?
According to the Government proposal, organising drinking competitions could jeopardise the health of customers if such competitions involve drinking a large volume of alcoholic beverages very quickly. In serving alcoholic beverages, it may on the same grounds be contrary to good practice to sell or permit the consumption of alcohol that is consumed in an unusual way, such as inhalation or absorption though mucus membranes. Source: Valvira.fi
No, if the authorities are notified in advance
No, this wouldn't violate the law
Yes, this would violate the law