Prejudgment Interest in International Arbitration
Article from: TDM 6 (2007), in Compensation and Damages in International Investment Arbitration
Introduction
This article discusses what arbiters need to do to get the award of prejudgment interest right. It reviews some of the basic principles regarding the proper calculation of prejudgment interest, critiques the use of several alternate methods, and discusses some of the important issues that frequently arise in international arbitration, most notably foreign currency adjustments. It also briefly discusses the adjustments that need to be made when the claimant is not a large, widely held corporation.