EVALUATION OF DAMAGES IN INTERNATIONAL DISPUTES WITH SPECIAL REFERENCE TO THE OIL AND GAS CASES

Document Type : Research Paper

Authors

1 Associate Professor, Shahid Beheshti University, Iran

2 PhD Candidate of Oil and Gas Law, Shahid Beheshti University, Iran

Abstract

s
In this article, the evaluation of damages in international disputes with special reference to the oil and gas cases has been studied. It should be noticed as a fact that the breach of contracts or the breach of some sorts of obligations does not necessarily amount to payment of damages. In many cases, the evaluation of damages depends on the methods of evaluation uses. Therefore, the most important methods of evaluation, such as market value, liquidation value, replacement value, adjusted book value and discount cash flow methods, in the lights of legal principles are carefully studied. The courts or the arbitral tribunals decide which method is more suitable in the special case in question. There are a lot of issues to be taken into account. This article shows the most important related criteria which the judges or the arbitral should bear in mind when they are making their decisions. This will help them to reach into a conclusion which is just, reliable, advisable and finally acceptable to the parties to the disputes and the international commercial community as a whole.

Keywords

References

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Law Quarterly
Volume 44, Issue 4 - Serial Number 4
January 2015
Pages 545-563

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