Damages in International Arbitration under Complex Long-term Contracts

Pablo Spiller author Herfried Wöss author Adriana San Román Rivera author Santiago Dellepiane author

Format:Hardback

Publisher:Oxford University Press

Published:27th Feb '14

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Damages in International Arbitration under Complex Long-term Contracts cover

Damages are a topic of central importance in international arbitration, being very often the principal concern of the parties, and an indication of the performance of their counsel. They are also one of the most complex topics. This book addresses the many competing factors that contribute to their nature and amount: while they are compensatory, they may be subject to counterclaims and set-offs, affected by failures to mitigate, or inflated by considerations such as interest and costs. Specialist evidence is relied on to complete composite calculations, taking into account such evasive factors as the destruction of market value, uncertainty of future revenues, projected interest rate changes, and lost dividends. The lack of understanding of the underlying considerations, methods such as "splitting the baby", or dogmas such as the misinterpreted "efficient breach of contract", combined with the already high level of burden of proof, can make successful damages claims or properly reasoned awards difficult to achieve. This book provides in-depth analysis of the legal, financial, and economic issues involved in the preparation of claims and arbitral awards for damages and loss of income, for the breach of complex long-term contracts in international arbitration. The authors address matters such as the but-for method and the reconstruction of the hypothetical course of events as well as the quantification of damages. It provides a detailed coverage of issues arising when structuring, arbitrating, or making an award on damages, making it a valuable reference for practitioners in the field. It includes a number of leading cases (including commercial and investment arbitrations), focusing on the damages analysis for breach of contract.

Damages in International Arbitration under Complex Long-Term Contracts is a marked contribution to the current paucity of scholarship on economic damages in international arbitration ... Written with the specialized practitioner as audience in mind, the books utility is reinforced by the legal, economic, and financial experience of its four authors * A. Devin Bray, The Journal of World Investment & Trade (2016) *

ISBN: 9780199680672

Dimensions: 250mm x 194mm x 28mm

Weight: 804g

384 pages