Published 18 December 2019
Summary
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:
(1) should one include a country risk premium in the discount rate;
(2) what is the appropriate size of the country risk premium;
(3) what is the proper method to calculate the country risk premium;
(4) what is a suitable way to apply the country risk premium to a valuation model; and
(5) should expropriation risk be included as part of the country risk premium?
To read this article you need to be a subscriber
Subscribe
Fill in the registration form and answer a few simple questions to receive a quote.
Subscribe now
Suggested Citation
M. Berberian; J. Cohen; E. Grgeta (2019, forthcoming) "Analyzing Country Risk Premium in ICSID Awards"
(TDM, ISSN 1875-4120) December 2019, www.transnational-dispute-management.com
Other recently published material:
Summary of Young-OGEMID Hot Topic Discussion No. 2: "Empirical Study - Provisional Measures in Investor-State Arbitration" (February 2023)
24 August 2023
Counterclaims based on Corporate Climate Change Responsibility: Challenges and Prospects
22 August 2023
Simplifying the Pathway to 2030: The Need for More, not Less, Protection for Climate Change-Related investment
21 August 2023
Politics of Investment Protection: Is the Trend of Adopting Environmental Protection Clauses Bringing any Balance?
17 August 2023
How Are Investment Tribunals Going to Interpret 'Environmental Provisions' under New Generation Investment Agreements? - Mapping the Changes in Recent Treaties from 2016 to 2021
16 August 2023
Complete listing of Advance publication.
