A valve arrangement controls a flow of damping medium in a shock absorber. A radial column is provided with an axial failsafe flow such that the fail safe flow is not dependent on the exact axial position of the control valve member for creating the fail safe restriction, and less turbulence arise affecting the axial position of the control valve member. Thereby a valve arrangement is provided which has a more stable and reliable failsafe operation, resulting in a more dependable valve arrangement.