Valuation of Energy Assets in International Investment Arbitration
Article from: TDM 7 (2018), in International Oil & Gas Arbitration
This paper explores the challenges that quantum experts face when valuing energy assets, and visit the discussions raised in recent arbitration cases in the sector. First, the valuation methodologies used to assess damages will be analyzed (including discounted cash flows, comparables based on market multiples and transactions, stock market capitalization, among others). The pros and cons of each method will be explored, as well as its application in energy-related disputes (from valuing the development of unconventional oil to valuing renewable energy producer ...