domstolvoldgift
Domstolvoldgift is a form of dispute resolution in which a matter is resolved through arbitration with formal involvement or oversight by a court. It blends private arbitration with court-based procedures, aiming to provide a binding result while potentially reducing the duration and public nature of full court litigation.
Process: The parties typically sign an arbitration agreement. If a dispute arises, the court may refer the
Enforceability and scope: Domstolvoldgift usually covers civil and commercial disputes. Arbitration awards are generally final and
Advantages and drawbacks: Advantages include potential speed, cost savings, confidentiality, and the expertise of arbitrators. Drawbacks
Etymology: The term combines domstol (court) and voldgift (arbitration) in Norwegian, signaling a process that sits