Publication | Wolters Kluwer
Arbitration Tech Toolbox: Damages Expert Evidence Using Sensitivity Analysis, Scenario Modelling and Data Visualisation
Tigran Ter-Martirosyan and Christopher Lim
Tigran Ter-Martirosyan and Christopher Lim explore how sensitivity analysis, scenario modelling and data visualisation tools may assist in cutting through the complexities of damages assessment. They write that the views of the party-appointed experts in an arbitration may differ substantially, making it difficult for tribunals to navigate within the multiple areas of disagreement. Even if the disagreed issues can be isolated, understanding the sensitivity of the amount claimed to the individual assumptions may not be straightforward, particularly if the calculations are tested or challenged by the tribunal, counsel or experts during the hearing.