Remedies

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ArbitrationSubstantive

We advise on remedies available in arbitration including damages, specific performance, declaratory relief, interest, costs, and equitable remedies.

Securing Appropriate Relief

The ultimate goal of arbitration is obtaining appropriate remedies. MC Law's Remedies practice develops strategies for securing favorable relief and defending against excessive claims.

Damages

Damages are the most common remedy. We develop damages theories, work with economic experts on quantification, and present compelling damages evidence. We address expectation damages, reliance damages, restitution, and other damages measures.

Frequently asked questions

Tribunals can award compensatory damages including lost profits, consequential damages, reliance damages, and restitution. The specific types available depend on the applicable law, the arbitration agreement, and the nature of the claim.

Yes, arbitrators generally have the power to order specific performance unless the applicable law or arbitration agreement restricts this remedy. However, enforcement of specific performance orders may require court assistance.

Common methods include discounted cash flow analysis, comparable transactions, book value, and market-based approaches. The method depends on the type of loss, available evidence, and applicable legal standards for causation and foreseeability.

Yes, tribunals routinely award pre-award and post-award interest. The rate, compounding method, and accrual period depend on the applicable law and tribunal discretion. Interest can substantially affect the total recovery in long-running disputes.

Moral damages compensate for non-pecuniary harm such as reputational damage and are available in many legal systems. Punitive damages aim to punish wrongdoing and are controversial in international arbitration, with most tribunals declining to award them absent clear authorization.

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