Analyzing Country Risk Premium in ICSID Awards
Article from: TDM 2 (2020), in Compensation and Damages in International Investment Arbitration
In March 2019, the International Centre for Settlement of Investment Disputes (ICSID) revealed proposals for amendment of its rules. These proposals have intensified the discussion of transparency and convergence in tribunal rulings. As part of this discussion, we analyze how tribunals approach valuation topics, using country risk premium ("CRP") as an example. Our analysis focuses on how tribunals address five questions: should one include a country risk premium in the discount rate; what is the appropriate size of the country risk ...