UK court remits damages after LCIA panel refuses to fix error
The proceedings followed an LCIA tribunal's application of a damages model (Credit: Shutterstock/rsooll)
The Commercial Court in London has ordered an LCIA tribunal to reconsider an award in a dispute between two Russian businessmen after it refused to correct a “computational error” that resulted in US$58 million in damages being awarded, rather than US$4 million.
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