Prejudgment interest – a mere afterthought?
Prejudgment interest may be a mere afterthought to many counsel and tribunals but it has significant economic impact on awards.Tiago Duarte-Silva, an economist at Charles River Associates in Boston, and Jorge Mattamouros of King & Spalding in Houston consider the treatment of prejudgment interest in 63 ICSID awards since 2000, which on average added 26% to the damages.
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