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8 Conclusions

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: 23 May 2022

Subject(s):
Damages — Compensation — Contract claims — Tort — UNCITRAL Model Law
8.01 The function of compensation in damages law where the aggrieved party is entitled to recover all losses incurred due to the breach of contract is undisputed amongst legal systems, and leads to the full compensation principle. Damages law aims to provide legal certainty of the protection of the legitimate expectation of the injured party to obtain what it was promised. There are different levels of protection of the underlying interest under the different rules of law, such as the protection of the economic benefit or of the underlying performance. However,...
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