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Ch.10 Damages in International Arbitration

Claudia T. Salomon, Peter D. Sharp

From: International Commercial Arbitration in New York (1st Edition)

James H. Carter, John Fellas

A newer edition of International Commercial Arbitration in New York is available. Latest edition (2 ed.)
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From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 13 April 2024

Arbitration — Damages — Awards — Correction of award
The amount and classes of damages available in international commercial arbitration, as well as the nature of proof required to demonstrate entitlement to their recovery, is determined by the agreement of the parties. Tribunals will be authorized to award damages in the amounts and nature specified in the agreement to arbitrate. Absent such an agreement, tribunals will look to the substantive law governing the arbitration for guidance. In the case of international commercial arbitration venued in New York, the parties may elect to have their dispute governed by...
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