This program is FREE for members of the CIArb New York Branch and $50 for non-members. Space is limited. Priority will be given to Branch members.
Click here if you are already a member: Member Registration
Become a Member:
A DISCUSSION OF DAMAGES AND PRE-JUDGMENT INTEREST
Will there be math on the test? Many lawyers asked that question before choosing their careers. Yet, in high-stakes commercial disputes, understanding the underpinnings of damages models is crucial. The selection of an interest rate to be applied from the date of breach can also have a significant effect on the outcome.
You’ll hear from James Donohue (Jim) of Charles River Associates, who has been engaged for substantial damages consulting assignments in a wide range of areas, including intellectual property, securities, breach of contract, and fraud. Jim will present on building a damages model, with an emphasis on the discounted cash flow (DCF) method and the choice of an appropriate discount rate.
Thomas C. Childs (Tom), who chaired the sub-committee that produced the ICDC Report on interest awards in international arbitration seated in New York, will discuss factors arbitrators should consider when choosing pre-award and post-award interest rates and will describe what arbitrators are actually doing in practice.
Do you have any burning questions on the intersection of law and economics? Though we have a draft agenda, we can’t cover it all and want to prioritize your questions, so please e-mail us at firstname.lastname@example.org if there are particular issues you would like us to cover.