When a claim is being decided in arbitration, the last item to be set is interest on a claim. But it is far from the least important. New from the ICC Institute of World Business Law, Dossier V: Interest Auxiliary and Alternative Remedies in International Arbitration provides legal professionals with the latest methods on interest claims.

Based on the proceedings of the annual meeting of the ICC Institute, Dossier V addresses a wide range of possible remedies aimed at better managing the time period between when the damage occurs and full compensation is granted. Some of the new approaches covered, based on input from the world’s top legal experts, include: assessing lump sums, judicial penalties, setting interest levels, contract enforcement, and comparative approaches among national legal systems.

“It is essential to have a clear approach for rightly assessing the time value of money, so as to adjust the amount of the damage suffered to reflect present-day monetary values. There are many factors to this evaluation – and the purpose of the present Dossier of the Institute is to cover as many as possible,” Serge Lazareff, Chairman, ICC Institute of World Business Law, wrote in the book’s foreword.

Dossier V is edited by Felip De Ly and Laurent Lévy. Other contributors include the following experts: Antonias Dimolitsa, John Beechey, Andrea Giardina, John Yukio Gotanda, Gabrielle Kaufmann-Kohler, Alexis Mourre, V.V. Veeder, and Thierry Sénéchal.

The publication of Dossier V is in line with the mission of ICC’s Institute of World Business Law: to act as a think tank and training resource for ICC in arbitration.

ICC’s Institute of World Business Law draws together the finest minds in the legal profession and offers training in international business law and arbitration to jurists, executives, and academics.

To order and learn more about Dossier V, please click here