Overview
In 2015, PwC started looking at publicly available international arbitration awards to understand how claimants, respondents and tribunals approach the assessment of damages in matters taken to international arbitration. The study spans from 1990 to 2022, and includes over 180 awards to date.
Our latest study provides valuable input into the debate over disparity between damages claims put forward by claimants and the corresponding damages calculations put forward by respondents. While this, in part, may be due to the nature of the claims in the sample (i.e. claims that have proceeded to hearing and award stage rather than settling beforehand), it highlights the challenges for tribunals in reaching a final damages award when such a broad range is presented to them.
How we can help
Our team works closely with clients to establish the facts, analyse issues and develop tailored dispute resolution strategies fit for their situations including arbitration, litigation, mediation, expert determination and regulatory matters. We advise on the financial, economic and valuation aspects of claims, assist clients through the dispute resolution process and provide independent expert testimony.
Contact us
