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computation of damages within the meaning of the aforesaid provision. A three-member Arbitral Tribunal was constituted under the aegis of the SCAI, the seat of the arbitration being in Zürich and the proceedings to be conducted in English, according to the arbitration clause. The letter also provided for the Swiss international arbitration rules in force at the date of the filing of the request to be applicable. In a final award of February 27, 2013, the Arbitral Tribunal ordered X._ to pay to Y._ an amount of USD 1'780'350 with interest at 5% per year from April 5, 2011. To justify the award of this amount to the claimant, the Arbitral Tribunal used the following reasoning. X._'s obligation to compensate Y._ for failing to deliver the goods sold is not disputed in principle. It remains to compute the amount of damages due by the former to the latter. The pertinent quantity of coal is 71'500 Translator's Note: CO is the French abbreviation for the Swiss Code of Obligations, which contains the Swiss law on contracts. RBA Nº 42 Abr-Jun/2014 JURISPRUDÊNCIA ESTATAL INTERNACIONAL COMENTADA ..................................................................... metric tons. The pertinent date for the abstract computation of the damages
Revista Brasileira de Arbitragem – Kluwer Law International
Published: Jun 1, 2014
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