Abstract
Irmgard Marboe’s second edition of Calculation of Compensation and Damages in International Investment Law is a timely update of a seminal work in a field that is subject to dynamics of constant change. Valuation of damages and compensation has been acquiring increasing significance in international law and adjudication for some time, and will continue to do so, as the recent judgment of the International Court of Justice in the case concerning Certain Activities Carried out by Nicaragua in the Border Area (Costa Rica v Nicaragua) demonstrated. The judgment of the Court in this case revealed many of the complexities with which international judges and arbitrators have to deal in these type of proceedings.
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Notes
- 1.
Certain Activities carried out by Nicaragua in the Border Area (Costa Rica v. Nicaragua), Compensation Owed by the Republic of Nicaragua to the Republic of Costa Rica, Judgment of 2 February 2018.
- 2.
Desierto (2017), p. 410.
- 3.
Desierto (2017), p. 445.
- 4.
According to the ILC Articles on the Responsibility of States for Internationally Wrongful Acts, Yearbook of the International Law Commission (2001), vol. II (Part Two), annexed to GA Res 56/83, 12 December 2001, Article 31 ‘full reparation for the injury caused’ is one of the consequences of an internationally wrongful act.
- 5.
Ripinsky and Williams (2008), pp. 406ff.
References
Desierto DA (2017) The outer limits of adequate reparations for breaches of non-expropriation investment treaty provisions: choice and proportionality in Chorzów. Columbia J Transnatl Law 55(2):395–456
Ripinsky S, Williams K (2008) Damages in international investment law. British Institute for International and Comparative Law, London
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Methymaki, E. (2019). Irmgard Marboe, Calculation of Compensation and Damages in International Investment Law, 2nd Edition. In: Bungenberg, M., Krajewski, M., Tams, C.J., Terhechte, J.P., Ziegler, A.R. (eds) European Yearbook of International Economic Law 2019. European Yearbook of International Economic Law, vol 10. Springer, Cham. https://doi.org/10.1007/8165_2019_34
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