Very excited to share my new paper on Compensating Uncertainty: The Case of Mineral Resource Exploration in ISDS published by JIEL. TL/DR: I argue that Discounted Cash Flow should not be used in investment arbitration to value early stage investments academic.oup.com/jiel/advance...
Compensating uncertainty: the case of mineral resource exploration in ISDS
Abstract. This article uses the concept of Knightian uncertainty to analyse reparation and damages valuation in the context of mining disputes in Investor–
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