Ekspertfastsættelse
Ekspertfastsættelse is a dispute resolution method in which the parties appoint a qualified independent expert to determine a specific issue or calculation under a contract. The expert’s determination is typically final and binding on the parties, unless the contract allows for limited appeal or judicial review.
Process and scope. The contract defines the issue, the standard or method of measurement, and the data
Common uses. Expert determinations are often used for technical or numerical questions where specialized expertise is
Binding nature and review. The typical aim is finality, with the contract specifying binding effect. Courts
Advantages and limitations. Benefits include speed, cost efficiency, technical accuracy, confidentiality, and finality. Limitations include limited