Calculation of compensation and damages in international investment law:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Oxford Univ. Press
2009
|
| Schriftenreihe: | Oxford international arbitration series
3 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Teilw. zugl.: Wien, Univ., Habil.-Schr., 2006/2007 u.d.T.: Marboe, Irmgard : Die Berechnung von Entschädigung und Schadenersatz in der internationalen Rechtsprechung. - Hier auch später erschienene, unveränderte Nachdrucke |
| Beschreibung: | XXVIII, 429 S. |
| ISBN: | 9780199551712 |
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Datensatz im Suchindex
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| adam_text |
Titel: Calculation of compensation and damages in international investment law
Autor: Marboe, Irmgard
Jahr: 2009
CONTENTS—SUMMARY
Series Editor's Preface v
Preface vii
Table of Cases xvii
List ofAbbreviations xxvü
1. Introduction 1
2. TheFunctionofCompensationandDamages 7
3. Valuation Standards and Criteria 41
4. International Valuation Standards and Bases of Value 153
5. Methods of Valuation in International Practice 185
6. Interest 317
7. Conclusions 393
Bibliography 401
Index 419
CONTENTS
Series Editor's Preface v
Preface vii
Table of Cases xvii
List of Abbreviations xxvii
1. Introduction
2. The Function of Compensation and Damages
A. Distinct Functions of Compensation and Damages 2.03
(1) Compensation 2.22
(2) Damages 2.32
B. The Functions in Detail 2.37
(1) The Function of Compensation upon Expropriation
under International Law 2.38
(a) Reparation? 2.39
(b) Restitution of Value 2.54
(2) The Function of Damages 2.72
(a) Reparation 2.72
(i) Violations of International Law 2.75
(ii) Breaches of Contract 2.81
(b) Punishment? 2.92
C. Consequences for the Calculation 2.96
(1) Objective Valuation 2.97
(2) Subjective Valuation 2.101
(3) Selection of a Valuation Method 2.115
3. Valuation Standards and Criteria
A. Compensation upon Expropriation 3.02
(1) The Standard of Compensation 3.06
(a) Customary International Law 3.07
(b) International Treaty Law 3.15
(c) International Jurisprudence 3.24
(2) The Role of Compensation for the Lawfulness of
the Expropriation 3.32
xi
Contents
(3) Can Indirect Expropriations ever be Lawful? 3.51
(4) Violation of Stabilization Clauses 3.57
(5) The Difference between Lawful and Unlawful Expropriations 3.75
(a) Lucrum Cessans? 3.78
(b) Punitive Damages? 3.91
(c) Compensation versus Reparation 3.96
B. Reparation and Damages 3.111
(1) Violations of International Law 3.112
(a) Subjective and Concrete Valuation 3.124
(b) Objective and Abstract Valuation 3.152
(i) Argumentum e maiore ad minus and Analogy 3.153
(ii) Submissions of the Parties 3.165
(2) Breaches of Contract 3.168
(a) Damnum Emergens and Lucrum Cessans 3.174
(b) Reliance Interest and Compliance Interest 3.197
(c) Rejection of Lost Profits 3.203
(i) Profits too Speculative 3.204
(ii) Implicit Termination of Contract 3.211
(iii) ForceMajeure 3.216
(d) Damages for Lost Opportunities? 3.219
(3) Simultaneous Violation of International and
Contractual Obligations 3.226
(4) Reasons for Reducing the Amount of Damages 3.234
(a) Contributory Negligence 3.235
(b) Mitigation of Damage 3.240
C. The Valuation Date 3.250
(1) The Valuation Date in Expropriation Cases 3.253
(a) Lawful Expropriations 3.254
(b) Unlawful Expropriations 3.266
(c) Indirect Expropriations 3.278
(2) The Valuation Date in Other Cases 3.288
(a) Violations of International Law 3.289
(b) Breaches of Contract 3.297
D. The Exercise of Discretion and Equity Considerations 3.307
(1) Estimation and Equity 3.312
(2) Relevance of the Respondent's Economic Situation 3.325
4. International Valuation Standards and Bases of Value
A. International Valuation Standards 4.02
(1) Europe 4.03
xii
Contents
(2) United States 4.13
(a) USPAP 4.14
(b) AICPA Valuation Standard 4.18
(3) International Standards 4.24
(a) International Valuation Standards 4.25
(b) World Bank Guidelines 4.32
(c) MIGA 4.37
(d) UN Compensation Commission 4.40
B. Basis of Value 4.48
(a) Market Value Basis of Valuation 4.54
(b) Bases Other Than Market Value 4.65
(i) Investment Value or Worth 4.68
(ii) Special Value, Synergistic Value, Price 4.76
(iii) Contractual Value 4.83
C. Transparency 4.86
D. Experts in Arbitration Proceedings 4.89
5. Methods of Valuation in International Practice
A. Market or Sales Comparison Approach 5.08
(1) Stock Prices 5.15
(2) Prior Transactions 5.31
(3) Offerings 5.42
(4) Partial Sales 5.47
(5) Comparable Sales 5.53
(6) Multiples 5.59
B. The Income Approach 5.68
(1) Basis of Income: Profits, Earnings, Cash Flow? 5.85
(2) Going Concern 5.100
(3) Forecasting 5.112
(a) Analysis of Past Performance 5.116
(b) Value Drivers 5.123
(c) Business Plans 5.132
(d) Economic Circumstances 5.138
(e) Legitimate Expectations 5.152
(i) Adaptation of Contractual Provisions 5.155
(ii)Extension of Contracts 5.165
(f) Comparison of Two Future Scenarios—'But for'Approach 5.172
(g) Valuation Phases 5.186
xiii
Contents
(4) Discounting 5.193
(a) Basic Principles 5.194
(b) International Practice 5.213
(5) Inflation 5.238
(6) Reasons for Rejecting the Income Approach in
International Practice 5.246
(a) No Going Concern, No Record of Past Performance 5.247
(b) Divergence of Amount of Investment and Expected Profits 5.258
(c) Divergence of Submissions by the Parties 5.263
(d) The Financial Situation of the Company 5.267
(e) Valuation Procedure too Expensive 5.270
C. The Asset-Based or Cost Approach 5.274
(1) Book Value 5.279
(a) Inappropriate for Valuation Purposes 5.282
(b) Acceptance of Book Value for Particular Items 5.295
(c) Adjustment of Book Value 5.297
(d) 'Sunk Investment'and Wasted Costs 5.308
(2) Replacement Value 5.325
(3) Liquidation Value 5.340
(a) Submissions of the Parties 5.346
(b) Lack of Future Prospects 5.354
D. Other Approaches 5.360
(1) Mixed Methods 5.360
(2) Insurance Value 5.376
(3) Tax Value 5.381
(4) Contract-based Valuation 5.386
E. Consequential Damages 5.394
(1) Loss of Reputation, Goodwill, Creditworthiness,
Business Opportunities 5.398
(2) Liability to Subcontractors 5.404
(3) Costs for Damage Limitation, Repair, and Maintenance 5.408
(4) Costs and Expenses for Pursuing the Claim 5.412
6. Interest
A. The Function of Interest 6.05
(1) 'Prompt'Compensation 6.10
(2) 'Full' Reparation 6.15
(a) State Responsibility 6.15
(b) Breach of Contract 6.21
(3) Prevention of Enrichment 6.29
(4) Improvement of Payment Practices 6.36
xiv
Contents
B. Pre-award Interest 6.41
(1) Interest Rate 6.44
(a) Legal Interest 6.52
(b) Agreed Interest 6.72
(c) Borrowing Rate 6.81
(i) Prime Rate 6.86
(ii) Borrowing Rate of the Investor 6.94
(iii) Cost of Capital of the Investor 6.97
(iv) Borrowing Rate of the State 6.100
(v) Average Borrowing Rate 6.104
(d) Interest on Investment 6.107
(e) Government Bonds 6.121
(f) Interbank Interest 6.130
(g) 'Fair' Interest in Practice 6.149
(i) Compensation upon Expropriation 6.150
(ii) Damages 6.155
(2) Dies a quo 6.162
(a) Expropriations 6.163
(b) State Responsibility 6.170
(i) Date of the Unlawful Act 6.174
(ii) Date of Occurrence of Damage 6.177
(iii) Date of Initiation of Legal Proceedings 6.183
(c) Breaches of Contract 6.187
(i) Date of Breach 6.190
(ii) Relevance of Invoice Dates 6.192
(iii) Relevance of Terms of Payment 6.194
(iv) Date of Reminder 6.201
(v) Termination of Contract 6.207
(vi) Date of Initiation of Legal Proceedings 6.209
(3) Compound Interest 6.210
(a) Repudiation in Early Cases 6.213
(b) Increasing Acceptance in Recent Jurisprudence 6.225
(c) Exceptions 6.237
C. Post-award Interest 6.243
(1) Diesaquo 6.247
(a) Continuation of Pre-award Interest 6.248
(b) Date of the Award 6.252
(c) Grace Period 6.262
(2) Interest Rate 6.269
(3) Compound Interest 6.283
D. Conclusions on Interest 6.288
xv
7. Conclusions
A. Interrelation between the Claim's Legal Basis and the
Valuation Basis 7.03
B. The Choice of a Valuation Method 7.11
C. Interest 7.17
Bibliography 401
Index 419 |
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| spelling | Marboe, Irmgard Verfasser (DE-588)124945538 aut Calculation of compensation and damages in international investment law Irmgard Marboe Oxford Oxford Univ. Press 2009 XXVIII, 429 S. txt rdacontent n rdamedia nc rdacarrier Oxford international arbitration series [3] Teilw. zugl.: Wien, Univ., Habil.-Schr., 2006/2007 u.d.T.: Marboe, Irmgard : Die Berechnung von Entschädigung und Schadenersatz in der internationalen Rechtsprechung. - Hier auch später erschienene, unveränderte Nachdrucke Recht Compensation (Law) Damages Investments, Foreign Law and legislation Internationale Gerichtsbarkeit (DE-588)4162041-0 gnd rswk-swf Schadensersatz (DE-588)4051927-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Schadensersatz (DE-588)4051927-2 s Internationale Gerichtsbarkeit (DE-588)4162041-0 s DE-604 Oxford international arbitration series 3 (DE-604)BV037424327 3 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018671759&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Marboe, Irmgard Calculation of compensation and damages in international investment law Oxford international arbitration series Recht Compensation (Law) Damages Investments, Foreign Law and legislation Internationale Gerichtsbarkeit (DE-588)4162041-0 gnd Schadensersatz (DE-588)4051927-2 gnd |
| subject_GND | (DE-588)4162041-0 (DE-588)4051927-2 (DE-588)4113937-9 |
| title | Calculation of compensation and damages in international investment law |
| title_auth | Calculation of compensation and damages in international investment law |
| title_exact_search | Calculation of compensation and damages in international investment law |
| title_full | Calculation of compensation and damages in international investment law Irmgard Marboe |
| title_fullStr | Calculation of compensation and damages in international investment law Irmgard Marboe |
| title_full_unstemmed | Calculation of compensation and damages in international investment law Irmgard Marboe |
| title_short | Calculation of compensation and damages in international investment law |
| title_sort | calculation of compensation and damages in international investment law |
| topic | Recht Compensation (Law) Damages Investments, Foreign Law and legislation Internationale Gerichtsbarkeit (DE-588)4162041-0 gnd Schadensersatz (DE-588)4051927-2 gnd |
| topic_facet | Recht Compensation (Law) Damages Investments, Foreign Law and legislation Internationale Gerichtsbarkeit Schadensersatz Hochschulschrift |
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