ICC awards: a QMUL/PwC study on damages in international arbitration

10 Dec 2020

Online English
Start: 12:30 (London) | 13:30 (CET)

How far apart are claimants and respondents when assessing damages? What difference do experts make to this gap? What are the most common criticisms levelled by tribunals when awarding damages and how does this influence the amount that they award? How gender diverse is the pool of expert witnesses?

These were some of the questions addressed in a recent analysis of 180 International Chamber of Commerce (ICC) Arbitral Tribunal awards, which was carried out by researchers from Queen Mary University of London’s School of International Arbitration. The PwC-sponsored study provides valuable and unique input into the debate over the assessment of loss and the use of expert witnesses in arbitration.

The ICC is pleased to host a webinar to launch the findings of this study, in which a distinguished panel will debate the implications of the findings including:

  1. The gap between Claimants, Respondents and Tribunals, and the choice of methodology in valuing damages
  2. Criticisms levelled by the Tribunal and whether their frequency suggests a change of approach by Claimants and Respondents is required
  3. The use of experts in assessing damages, including their impact on the gaps between parties and the amounts awarded by Tribunals
  4. The ongoing gender gap, in terms of both experts and arbitrators, and what is being done, and what further can be done, to resolve this

13:30 – 14:30

Welcome address
Overview of the PwC / Queen Mary's damages research

              Loukas Mistelis
Panel discussion around key themes emerging from the research
Audience questions


Ian Clemmence

Partner, PwC Forensic Services

Živa Filipič (Moderator)

Managing Counsel, ICC International Court of Arbitration

Professor Loukas Mistelis

Queen Mary University of London

Sophie Nappert

Arbitrator, 3 Verulam Buildings, London

Kathleen Paisley

Arbitrator, Ambos Lawyers, Brussels

Dr Laurence Shore

Arbitrator, BonelliErede, Milan

Dr Herfried Wöss

Arbitrator, Wöss & Partners, Washington D.C. 

For further information, please contact:

Clément Radosch

Project Officer, DRS Promotion, ICC International Court of Arbitration