Damages awards in international commercial arbitration

Expert’s arms race, splitting the baby, the gender gap and more. Learn more about the recent trends and myths in awarding damages in international commercial arbitration.

PwC and Queen Mary University of London prepared a study of ICC awards examining the recent trends in the award of damages in commercial arbitration. The results of the study are based on the analysis of 180 awards from ICC arbitration proceedings, out of which 284 separate heads of claim or counterclaims were analysed.

The aims of the study were to discuss the gap between claimants’ and respondents’ assessment of damages, point out the most frequent criticisms from Tribunals and suggest potential steps to be taken to improve diversity amongst expert witnesses and arbitrators.

Read more about the most common pitfalls that draw Tribunal criticism of Claimants, and their experts, such as inadequately substantiated damages claims, wrong or unconvincing assumptions and speculative claims.

Required fields are marked with an asterisk(*)

I acknowledge that my personal data provided in the registration questionnaire will be processed by entities from the PwC network mentioned in the "Data controller and contact information" section in the Privacy Statement. This is done in accordance with appropriate legal provisions (mainly the Regulation of the European Parliament and the Council (EU) 2016/679 of 27 April 2016, the General Data Protection Regulation (GDPR) and Act. No. 110/2019 Coll., on personal data processing, as amended) based on the legitimate interests of the above mentioned PwC network entities in order to proceed with my request.

Please, read our Privacy Statement where you can learn more about our approach to personal data and your rights, in particular the right to object to processing.