Välimiesoikeus
Välimiesoikeus is the Finnish term for arbitration, a private dispute resolution forum in which the parties agree to have a dispute settled by one or more arbitrators rather than by ordinary courts. An arbitral panel renders a binding award that resolves the dispute and is enforceable as if it were a court judgment.
The legal framework in Finland is based on national arbitration law that governs how arbitration agreements
Procedural aspects typically include the parties’ agreement on the place (seat) of arbitration, applicable substantive law,
Arbitration is commonly used in commercial, construction, energy, and international trade contracts, offering neutrality, confidentiality, and