Founding Attorney
In international arbitration cases, both parties must be able to accurately assess any future damages or Lost Economic Opportunity Cost incurred. This is not always easy to do and requires careful consideration of the facts and evidence presented. One way to prove future damages or lost economic opportunity costs is by using comparatives. Let’s look at how this works in an international arbitration context.
What are Comparatives?
Comparatives analysis compares data points from two different sources to determine the value of one over the other. Comparatives help determine “future damages or lost economic opportunity costs” in international arbitration. It also allows attorneys and CEOs understand the impact of a particular decision on the company’s bottom line by providing concrete evidence that supports their claims. See Establishing Claims for Damages, Costs and Interest in International Arbitration (american.edu)
How does Comparative Analysis Help Prove Future Damages or Lost Economic Opportunity Cost?
In international arbitration cases, attorneys need to be able to demonstrate that their clients have suffered financial losses due to their opponent’s actions. When using comparative analysis, parties can effectively illustrate the amount of money lost due to certain actions and use this information to make a case for compensation. Comparative analysis also helps them make more informed decisions about the best course of action going forward, as they can use data gathered from similar situations in other companies as part of their argument. Furthermore, Winning parties can use comparative analysis to accurately estimate how much money they can recoup.
In addition to helping provide concrete evidence for losses incurred during an international arbitration case, comparative analysis can also help predict potential future losses based on current trends and market conditions. CEOs can inform strategic decision-making processes within a company or organization by analyzing past trends and patterns, and making educated guesses about future outcomes based on certain decisions made now. Attorneys use comparative analysis to anticipate arguments from their opponents before they are presented in an arbitration case. This gives them an advantage during negotiations or court proceedings. It also provides valuable insights that inform legal strategy and gives them an advantage during negotiations or court proceedings.
Comparative analysis is an invaluable tool.
Comparative analysis is an invaluable tool when trying to prove future damages or lost economic opportunity cost in international arbitration cases. It provides concrete evidence that supports claims made by either party while also helping them anticipate potential arguments from their opponents before they are put forth in court proceedings. In such cases, attorneys must understand how comparative analysis works to protect their client’s interests. With careful consideration of all relevant facts and evidence presented, comparisons allow parties involved in an international arbitration case to come out ahead, no matter who wins the dispute. For more information on our international arbitration practice, please visit International Arbitration Attorney – Transnational Matters
