Välityspäättö

Välityspäättö is a Finnish term that translates to "mediation decision" or "arbitration award." It refers to a legally binding outcome reached through either mediation or arbitration processes. In Finland, these dispute resolution methods are often used as alternatives to traditional court proceedings.

Mediation is a voluntary process where a neutral third party, the mediator, helps disputing parties reach their own agreement. If successful, the agreement is often formalized into a document that can have legal standing. This formalized agreement, if it resolves the dispute, could be considered a form of välityspäättö.

Arbitration, on the other hand, involves a neutral third party, the arbitrator, who hears evidence from both sides and then makes a decision that is binding on the parties. This decision is the arbitration award, or välityspäättö. Arbitration can be agreed upon by the parties before or after a dispute arises, and it is often chosen for its speed, confidentiality, and specialized expertise of the arbitrator.

The legal effect of a välityspäättö typically means it can be enforced through the legal system, similar to a court judgment. This provides parties with a conclusive resolution to their dispute without the need for lengthy litigation. The specific procedures and enforceability of a välityspäättö are governed by Finnish law.