King's College London

TY - JOUR

T1 - Demystifying Moral Damages in International Investment Arbitration

AU - Weber, Simon

PY - 2020/11/27

Y1 - 2020/11/27

N2 - Claims for compensation of material damages in investment arbitration are well known – they are part of every dispute. Tribunals deal extensively with such claims and do not accord much attention to another type of damages: moral damages. Until today, no uniform solution has been found. There seems to be stark disagreement between arbitral tribunals on how to deal with a claim for moral damages. This article sheds light on moral damages and proposes a possible solution under international law. To this end, it introduces the concept of moral damages and its history in international disputes. After having set out such general overview, it then applies the concept to investment arbitration by analysing five issues arbitral tribunals have been faced with when confronted by a claim for moral damages. Finally, it comments on the most prominent awards and provides an outlook for a possible solution.

AB - Claims for compensation of material damages in investment arbitration are well known – they are part of every dispute. Tribunals deal extensively with such claims and do not accord much attention to another type of damages: moral damages. Until today, no uniform solution has been found. There seems to be stark disagreement between arbitral tribunals on how to deal with a claim for moral damages. This article sheds light on moral damages and proposes a possible solution under international law. To this end, it introduces the concept of moral damages and its history in international disputes. After having set out such general overview, it then applies the concept to investment arbitration by analysing five issues arbitral tribunals have been faced with when confronted by a claim for moral damages. Finally, it comments on the most prominent awards and provides an outlook for a possible solution.

KW - moral damage

KW - arbitration

KW - Investment Arbitration

KW - reparation

UR - http://www.scopus.com/inward/record.url?scp=85097680718&partnerID=8YFLogxK

U2 - https://doi.org/10.1163/15718034-12341430

DO - https://doi.org/10.1163/15718034-12341430

M3 - Article

VL - 19

SP - 417

EP - 450

JO - The Law & Practice of International Courts and Tribunals

JF - The Law & Practice of International Courts and Tribunals

SN - 1569-1853

IS - 3

ER -