DCF Valuation – The Thin Line Between Use and Abuse in Investor – State Disputes: An Analysis of Devas v. India
3/Jun/2021, 7:47 AM, Authored by Hiroo Advani, Tariq Khan & Muskaan Gopal
The Discounted Cash Flow (‘DCF’) valuation method was first introduced by Economist Myron J. Gordon in 1962 in an attempt to combine imprecise financial practices with economic theory to calculate the values of enterprises. This valuation method was later adopted by arbitral tribunals with an aim to calculate damages to be awarded.