Lorentzkorvaava

Lorentzkorvaava is a concept in Finnish law concerning compensation for damages. It refers to the principle that compensation should, as far as possible, restore the injured party to the position they would have been in had the damaging event not occurred. This is often translated as "full compensation" or "restoration." The aim is to cover all losses and disadvantages suffered by the victim, including both material damages and non-material harm.

In practice, this means that a claimant is entitled to be compensated for expenses incurred due to the injury, lost income, and other financial losses. For non-material damages, such as pain and suffering or permanent disability, compensation is also awarded, though the assessment of these losses is more subjective. The principle of Lorentzkorvaava is a fundamental aspect of tort law and damages claims in Finland, guiding courts and insurance companies in determining the appropriate amount of compensation. It aims to ensure fairness and provide a remedy for wrongs committed. The application of this principle is always tied to the specific circumstances of each case to achieve equitable outcomes.