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Books > Law > International law > Settlement of international disputes > International arbitration
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Interest in International Arbitration (Hardcover)
Loot Price: R3,613
Discovery Miles 36 130
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Interest in International Arbitration (Hardcover)
Series: Oxford International Arbitration Series
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
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Interest plays a vital and increasing role in international
arbitration proceedings, with almost every case having an element
of interest involved. However, until now, the topic has received
very little attention, meaning that arbitrators have had very
little concrete foundation on which to judge decisions on interest
awards. This book is the first authoritative guidance to address
this, providing a uniform approach to the awarding of interest in
international arbitration. Interest in International Arbitration
aligns arbitrators' decisions with standard commercial practice,
offering a practical and logical approach to how interest should be
awarded. It sets out traditional approaches that arbitrators have
followed in the past, such as using conflict of law to apply a
statutory rate from a given law, or awarding instead a subjectively
'reasonable' rate, and examines how these inconsistent approaches
have resulted in a variety of awards and decisions. The author uses
this analysis as a basis for a uniform approach to the issue:
granting compound interest at appropriate rates unless constrained
by truly mandatory law. The author sets out the calculation method,
explores the benefits and limitations, and presents a thorough
argument for the movement toward a uniform approach to interest
awards.
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