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Contents
- Preliminary Material
- Main Text
- 1 Introduction
- 2 Function, Role, and Importance of Damages Law
- 3 The Complex Long-Term Contract
- Preliminary Material
- A Introduction
- B The Development of Complex Long-Term Contracts
- C The Nature of Complex Long-Term Contracts
- D Classification of Complex Long-Term Contracts
- E Identification, Allocation, and Mitigation of Risks in the Preparation of Complex Long-Term Contracts
- F Examples of Typical Complex Long-Term Contracts
- G Contract Guidelines and the Recovery of Damages
- H Cases and Arbitrations Related to Complex Long-Term Contracts
- 4 Damages Claims for Breach of Contract under Comparative and Transnational Law
- Preliminary Material
- A Requisites for Damages Claims under Different Rules of Damages Law: UK, USA, France, Mexico, Germany, CISG, and PICC
- B United Kingdom
- C United States
- D France
- E Mexico
- F Germany
- 4.252
- 1 Law reform
- 2 Principles for damages claims
- 3 Requisites of a damages claim
- 4 Measure of damages
- 5 Limitations to damages
- 6 Other aspects affecting the damages claim
- 7 Penalties and liquidated damages
- 8 Considerations
- G CISG
- H UNIDROIT Principles of International Commercial Contracts (PICC)
- I Systemic Aspects of Rules of Damages Laws
- 5 Analysing, Framing, and Proving a Damages Claim
- Preliminary Material
- A Introduction
- B Relevant Characteristics of Complex Long-Term Contracts for Damages Claims
- C Full Compensation as the Guiding Principle
- D The But-for Premise as the Analytical Framework for the Damages Claim
- E The Measure of Damages
- F Limitations
- G The Relevant Date for Valuation of Damages
- H Other Conceptual Issues Related to Damages Assessment
- I Relevance of the Evidence Available and Burden of Proof
- J Role of the Experts
- K Particularities of Damages Claims in Investment Arbitration
- 5.163
- 1 Damages claims in investment arbitration arising under complex long-term contracts
- 2 Chorzów as applicable in international customary damages law
- 6 Valuation of Damages in International Arbitration
- Preliminary Material
- A Introduction
- B The Economics of Public and Private Contracts
- C Principles of Compensation under the Chorzów Formula
- D Causality and Completeness: The But-for Premise
- E Investment vs. Contract Disputes
- F Date of Valuation
- G Avoiding Double Counting Damages
- H Loss of Income vs. Loss of Value
- I Avoiding Undercompensating
- 6.97
- 1 The potential misuse of discount rates
- 2 Discount rate vs. internal rate of return vs. target rates
- 3 Example: Enron v. Argentina
- 4 Target rates vs. discount rates
- 5 Undercompensating via pre-judgment interest
- 6 Example: ConocoPhillips v. PDVSA
- 7 Example: Vivendi v. Argentina
- 8 Compensating for investments not made
- 9 Example: Siag v. Egypt
- 10 Example: Occidental Petroleum v. Ecuador
- 11 Uncertain environments
- 12 Example: LG&E v. Argentina
- J Valuation of Damages
- 1 Overview
- 2 Approaches to valuation
- 6.145
- a The Income Approach
- b The market approach
- 7 Interest, Currency and Exchange Rate Fluctuations, and Cost of Arbitration
- 8 Conclusions
- Further Material
