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7 Interest, Currency and Exchange Rate Fluctuations, and Cost of Arbitration

From: Damages in International Arbitration under Complex Long-term Contracts

Herfried Wöss, Adriana San Román Rivera, Pablo T Spiller, Santiago Dellepiane

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 26 June 2022

Interest — Contract claims
7.01 This chapter will analyse interest, currency losses, and cost of arbitration related to damages claims in order to make the injured party whole. 7.02 Interest is particularly relevant in international arbitration with respect to complex long-term contracts where significant time may elapse between the date of the contract, the investment made, the breach of contract, the award, and the actual payment of the damages. It is generally acknowledged that interest is payable in international arbitrations.1 7.03 Interest may be legal, contractual, or compensatory:...
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