Jump to Content Jump to Main Navigation

XXI Compensation, Damages, and Restitution

Sabahi Rubins

From: Investor-State Arbitration (2nd Edition)

Borzu Sabahi, Noah D Rubins, Don Wallace, Jr

From: Investment Claims (http://oxia.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved. date: 28 November 2023

Compensation — Damages — Valuation

This chapter studies the areas of compensation, damages, and valuation in international arbitration practice. Modern investment treaties normally impose a standard of compensation for expropriation. Compensation for lawful expropriation is determined pursuant to the terms of the treaty as fair market value immediately before expropriation. Breach of an international obligation such as fair and equitable treatment or an unlawful expropriation creates an obligation to repair the harm caused as a result of the breach. Valuation of damages is normally performed by valuation experts in collaboration with other experts with expertise in the relevant industry sector. The chapter then explains the key concepts in valuation as well as the allocation of arbitration and legal costs.

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.