The Art and Science Behind Damages in Investment Management Disputes
November 22, 2022DownloadsDownload Article
This article was first published in Globalarbitrationreview.com. The whole publication is available at https://globalarbitrationreview.com/review/the-european-arbitration-review/2023
Regulations, compliance officers, internal processes, policies and operational frameworks are there to ensure that banks act in the best interest of their clients when providing private banking and wealth management services. But is it sufficient?
Numerous cases are being brought globally against banks for allegedly failing to act in their clients’ best interest. These cases are usually brought by wealthy investors and mediatised with damages figures reaching hundreds of USD millions or billions.
In this article we discuss how challenging it is for an expert to compute reliable damages figures in the context of investment management disputes.
Reproduced with permission from Law Business Research Ltd This article was first published in November 2022 © Law