välitysmenettelyt

Välitysmenettelyt refer to arbitration proceedings, a method of alternative dispute resolution where parties agree to submit their dispute to one or more arbitrators. These arbitrators, chosen by the parties or an appointing authority, render a binding decision known as an arbitral award. This process is distinct from court litigation.

The agreement to arbitrate is typically found in a contract, often as a clause specifying arbitration as the exclusive forum for resolving future disputes. Alternatively, parties can agree to arbitration after a dispute has arisen. Välitysmenettelyt are often favored for their confidentiality, flexibility, and the ability to select arbitrators with specific expertise relevant to the dispute.

The procedure generally involves the submission of written statements, evidence, and potentially hearings. Parties have the opportunity to present their case and respond to the other side's arguments. The arbitral award is generally final and binding, with limited grounds for appeal in national courts. This finality is a key characteristic of arbitration.

The legal framework governing välitysmenettelyt varies by country, but many are influenced by international models such as the UNCITRAL Arbitration Rules. In Finland, for example, the Arbitration Act (Laki välimenettelystä) provides the legal basis for such proceedings. The efficiency and enforceability of arbitral awards are important considerations for parties choosing this dispute resolution mechanism.