skaðabótum
Skaðabætur refer to compensation awarded to a person who has suffered harm due to another party’s unlawful act, negligence, or breach of contract. The aim is to restore the victim, as far as possible, to the position they would have been in before the damage occurred, by allocating responsibility to the party at fault.
Skaðabætur cover both pecuniary losses, such as medical expenses, rehabilitation costs, lost income, and property damage,
Liability for skaðabætur requires proof of fault or contractual breach, a causal link between the conduct and
Claims for skaðabætur are usually pursued in civil litigation, though pre-litigation settlements and arbitration can also