Date and venue:

Date: Friday 14 November 2025

Venue: Les Salons de l'Hôtel des Arts et Métiers, 9bis avenue d'Iéna, 75116 Paris, France

Registration fees:

The registration fee to the Conference includes a seated lunch, cocktail reception and digital copy of the Dossier XXIV of the Institute Series. 

• Early Bird (until 5 September 2025): 550€* 
• Standard (6 September-7 November 2025): 710€* 
• Last Chance (8-14 November 2025): 860€* 

*20% VAT will be applied. 

ICC members: 

20% discount on the above rates. Please contact your local NC to obtain your discount code. 

Special discounts: 

FULL TIME in-house counsel and government representatives may attend the conference free of charge. LIMITED SPACES ARE AVAILABLE.  

Group rate: Register 5 persons from the same company and only pay for 4.  
FULL TIME academics may benefit from a 20% discount.  

Please contact ICCGlobalEvents@iccwbo.org for more details. 

Cancellation policy:

50% of the registration fee will be refunded if notice of cancellation is received in writing before Friday 11 October 2025. Cancellations after this date are not refundable. 

Please be informed that any form of cancellation will incur a cancellation fee of 20% of the registration fee which must be covered by the participant. 

Subject to agreement from ICC prior to the event, the registration may be transferred to another person from the same company or organisation at no extra charge. Updated registration information will be required. Please note that ICC reserves the right to cancel this event or to make minor alterations to the content and timing of the programme or to the identity of the speakers. In the unlikely event of cancellation, delegates will be offered a full refund. ICC will not, however, be held responsible for any related expense incurred by the participant. 
 

Travel and accommodation:

Participants are responsible for making their own travel arrangements and hotel reservations.

A list of hotels situated near to the conference venue, where ICC has negotiated preferential tariffs, will be shared with participants upon registration.

We are able to dispatch visa invitation letters to support your visa application only after receipt of your registration and full payment of your registration fees.

Working language:
This conference will be held in English.

Credits, hours and points:

The conference will be eligible for credits before the Paris and New York Bars, subject to validation of ICC Global Events' applications, or individual application, as necessary.

Further, ICC Global Events is a State Bar of California approved MCLE provider.
 

Disclaimer:

The photos and audiovisual recordings taken at this meeting/event may be used and published by ICC, its subsidiaries or affiliates, for informational or promotional purposes in printed materials or online, including on ICC websites and in social media. Participation in the meeting/event implies agreement to such use of photos or audiovisual recordings in which the participant may appear unless ICC receives written notification to the contrary.

PROGRAMME 

"Monetary Remedies in International Arbitration"

Co-Chairs: Chié Nakahara & Michael Polkinghorne

Synopsis 

This full-day conference will examine the intricacies of how monetary remedies are pleaded assessed, and awarded in international arbitration. Drawing on diverse legal systems and practical experience, our expert panels will delve into foundational principles, contractual remedies, long-term arrangements, and emerging areas such as environmental and competition law damages. 

Speakers will explore key distinctions, such as direct vs indirect loss, liquidated damages, and hardship claims, and provide insights into arbitral discretion in awarding costs and interest. A debate-style closing panel will critically assess the evolving role of experts, featuring opposing views, war stories, and interactive discussion. 

Designed for practitioners, counsel, experts, and arbitrators, the event offers practical takeaways and a clear view of current trends shaping damages in arbitration today. 

Friday 14 November 2025 

09:00 – 09:30 Registration and welcome coffee 

09:30 – 09:35 Welcome remarks 

• Chié Nakahara, Partner, Nishimura and Asahi, Japan; Member, ICC Institute of World Business Law; Member, ICC International Court of Arbitration
• Eduardo Silva Romero, Founding Partner, Wordstone, France; Chair, ICC Institute of World Business Law

09:35 – 10:05 The Framework: foundational approaches to damages 

This opening session lays the groundwork for understanding damages in international arbitration by comparing civil and common law approaches, and commercial versus treaty-based claims. It explores key concepts such as contractual limitations, direct and indirect loss, fault-based versus strict liability, and the role of comparative law and international instruments in refining and harmonizing damages assessment, including the treatment of punitive damages, loss of a chance. The panel will also discuss the distinction between indirect loss, remote loss, and lost profits.

• Saemee Kim, Partner, Lee and Ko, South Korea
• Wolfgang Peter, Founding Partner, Peter and Kim, Switzerland

10:05 – 10:35 Q&A  

10:35 – 11:00 Coffee break 

11:00 – 11:35 Emerging trends in damages 

This session examines emerging trends in the assessment of damages, with a focus on two rapidly evolving areas: environmental damages in climate change-related investment arbitration, and remedies for breaches of competition law. It will explore how the backlash against investment arbitration intersects with the demand for new mining projects essential to the energy transition. The panel will also analyze valuation methods drawn from U.S. antitrust practice—such as Monte Carlo simulations—and discuss the increasing influence of tort-based frameworks in both investment and commercial arbitration. 

• Saadia Bhatty, Partner, Gide Arbitration, United Kingdom
• Herfried Wöss, Founding Partner and International Arbitrator, Wöss & Partners, United States/Mexico/Austria; Member, ICC Institute of World Business Law

11:35 – 12:00 Q&A 

12:00 – 12:30 Damages and compensation in light of contractually stipulated remedies 

This session speakers will focus on damages and compensation where contracts contain pre-agreed remedies, such as Take-or-Pay clauses and liquidated damages. They will explore how tribunals approach claims when traditional proof of loss is lacking and consider the availability of alternative or non-traditional remedies—particularly in cases where the contract does not provide specific relief. 

• Jonathan Lim, Partner, WilmerHale, United Kingdom
• Patricia-Ann T. Prodigalidad, Managing Partner, ACCRALAW, Philippines; Member, ICC International Court of Arbitration

12:30 – 13:00 Q&A 

13:00 – 14:30 Lunch 

14:30 – 15: 00 The devil in the detail 

This session delves into the often overlooked but critical details of arbitral awards: costs and interest. It will examine the extent of arbitral discretion in allocating costs and focus on the recent PWC survey on current approaches of interests, methods of calculation, and evolving trends in awarding interest across jurisdictions. 

• Caroline Duclercq, Partner, Medici, France
• Sirshar Qureshi, Partner, PwC, Czech Republic

15:00 – 15:30 Q&A  

15:30 – 16:00 Remedies and risks under long term arrangements:  

Speakers will address the complexities of monetary remedies in long-term contracts, with insights from gas and pharmaceutical price adjustment disputes. They will cover damages for Take-or-Pay and Supply-or-Pay obligations, the role of hardship under applicable law, the use of post- versus ante-breach information, and how tribunals distinguish between indirect loss, remote loss, and lost profits.

• Philip Dunham, International Arbitration Partner, Signature Litigation, France
• Philippe Pinsolle, Head of international arbitration for continental Europe, Quinn Emanuel Urquhart & Sullivan LLP, Switzerland
• Tania Tholot, Senior Associate, The Brattle Group, France/United Kingdom

16:00 – 16:30 Q&A 

16:30 – 17:00 Coffee break 

17:00 – 17:50 Experts from Mars, Lawyers from Venus: the Debate 

This closing session takes a dynamic, debate-style approach to the role of experts in arbitration. Panelists will present their views on whether experts are truly necessary, when they add value, and the merits of party-appointed versus tribunal-appointed experts. The discussion will also cover how arbitrators can navigate conflicting expert testimony, with panelists sharing memorable experiences and inviting audience participation on best practices and common pitfalls. 

• Nadia Darwazeh, Managing Partner and Head of Arbitration, Clyde & Co, France
• Jean-Luc Guitera, Partner and Head of Dispute Advisory Services for the EMA Region, KPMG, France
• Boaz Moselle, Executive Vice President, Compass Lexecon, United Kingdom
• Dharshini Prasad, Partner, Willkie Farr & Gallagher LLP, United Kingdom

Moderator

• Pierre Mayer, Independent Arbitrator; Emeritus Professor of the Panthéon-Sorbonne University I, France

17:50 – 18:00 Closing remarks  

• Michael Polkinghorne, Head of Arbitration group and Partner, White & Case, France; Member, ICC Institute of World Business Law

18:00 – 19:30 Award Ceremony of the 2025 Institute Prize & Cocktail Reception 

As the leading body for international business law and arbitration, the ICC Institute brings together over 260 members from around the globe; This annual event provides a platform for legal experts to engage in debates on current topics and share innovative practices in the industry.

Sponsorship package

• Opportunity to distribute 1 marketing collateral onsite*
• Signage + branding onsite
• 2 complimentary entries
• Opportunity to co-sponsor a coffee break (as available)
• Logo on all event promotional materials
• Sponsor recognition on ICC Arbitration social media channels
• Use of official event Sponsor logo
• 30% discount on ICC e-publications

*Sponsor to bear all associated costs (The material must be ethically and sustainably sourced or produced)

Sponsorship amount: €5,000