I am honored to have been invited to deliver the keynote address at this year’s Damages in International Arbitration Conference. I congratulate the organizers on having prepared a remarkable program full of expert presenters discussing cutting-edge topics. We are in for an intellectual treat. Now in its ninth edition, the JURIS damages conference has become an important event on the annual arbitration calendar. Although I wish we were gathering in person this year, I am grateful that we can convene virtually, and I look forward to seeing you all again in person soon.
I am especially happy to address the plenary this year because it gives me the opportunity to unveil what I am confident will be an important contribution to all of our work as counsel and arbitrators: the ICCA-ASIL Damages in International Arbitration (DIA) web app, which I have had the pleasure of working on with many colleagues to develop over the past five years. The web app is the product of collaboration between two leading organizations, the International Council for Commercial Arbitration (ICCA) and the American Society of International Law (ASIL), which came together to establish a Task Force on Damages in International Arbitration.
In my remarks today, I will first, speak to the importance of damages in international arbitration; second, introduce the web app and how we designed it to assist clients, counsel, and tribunals; and third, demonstrate how the web app addresses a particularly thorny issue in the law of damages: the calculation of pre-award interest.