The research uses data from 159 cases where arbitrators rendered awards that resulted in a determination of damages. The awards examined were those that are publicly-available as of 1 January 2012.
Here are some key findings:
- States were successful in 60.4% of the cases, and investors won approximately 39.6% of the cases.
- In cases when investors won, they generally obtained roughly one-third of the compensation claimed.
- Focusing exclusively on the small subset of cases where investors obtained damages, investors obtained a mean award of US$45.6 million.
- For the eight largest claims, only one case was successful.
- The vast majority of investors bringing billion-dollar claims obtained nothing.