ICC Croatia webinar Damages in International Arbitration

25 Nov 2021

Online English
14:00 (CET)
Make sure that when registering, you use the Latin alphabet.

Awarding damages in international arbitration is one of the most challenging and intriguing issues. Tribunals often do not have enough specific knowledge and rely on submissions of disputing parties and expert witnesses. How wide is the gap in assessing loss and damages between claimants and respondents in international arbitration? How much of a difference do damages experts make? What are the most common criticisms levelled by tribunals and how does this influence the amount they award in damages?

These were some of the questions addressed in 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. This PwC-sponsored study is examining trends in the award of damages in commercial arbitration. It allows us to identify issues specific to the award of damages in commercial arbitration, while also exploring differences in the approach taken to damages in investor-state arbitration.

In this event we will discuss topics like:

-the wide gap between claimant and respondent positions on damages

-the impact of involvement of experts and the tools available to Tribunals to bridge the gap

-the common pitfalls that claimants, or counsel and experts on their behalf, should be mindful of when quantifying claims, and how they can best be avoided

-specific statistics for construction claims that are not presented in the study

-experience from the arbitration practice from the Croatian point of view.

Who should attend?

  • management board members of companies operating in international markets
  • corporate lawyers
  • arbitration lawyers
  • state attorneys
  • judges
  • academics
  • other lawyers and anyone who encounters international commercial arbitration in their business or professional work.

Davor Babić

Professor of Private International Law and International Arbitration, University of Zagreb Faculty of Law

Jasminka Čorda Truhar

Lawyer, Hanžeković & Partners Ltd., President of ICC Croatia Commission on Arbitration and ADR

Martin Kozak

Senior Manager in Dispute Advisory Centre of Excellence, PwC

Toni Nogolica

Lawyer at Nogolica Law Office

Sirshar Qureshi

Leader of the CEE/CIS Dispute Advisory Center of Excellence, PwC

Dalibor Valinčić
(Moderator)

Dispute resolution partner, Wolf Theiss Rechtsanwälte GmbH & Co KG – Zagreb

Date and venue

25 November 2021

Online 

Disclaimer

The photos and audiovisual recordings taken during this online conference may be used and published by ICC Croatia / Croatian Chamber of Economy, its subsidiaries or affiliates, for informational or promotional purposes in printed materials or online, including on their websites and in social media.

For further information, please contact:

Ana Marguerite Tomulić

Senior Expert Associate

ICC Croatia / Croatian Chamber of Economy

Tel. +385 (0)1 4561 553

Organisers