In this insightful article, international arbitrator Dr. Herfried Wöss explores one of the more nuanced areas of damages law: the distinction between loss of profits, loss of a chance, and loss of opportunity. Drawing on comparative legal frameworks and real-world arbitration examples, the piece offers a clear and practical analysis of how tribunals approach uncertainty, foreseeability, and contractual expectations when awarding damages. A must-read for legal professionals navigating complex commercial and investment disputes.
