The importance of clearly defining a “commercial rate” is evident in data on corporate borrowing rates. Such rates show wide variation both over time and across the borrowers’ debt maturity, seniority, and credit risk. We suggest a more empirical approach to help tribunals select a prejudgment interest rate that best comports with their interpretation of “commercial rate.” To read more, click the link below.
Country risk
In “Country Risk”, a chapter published in The Guide to Damages in International Arbitration, Tiago Duarte-SIlva explores the difficult task of assessing how an...