Overview
This course walks the participants through the key aspects of valuation and damages in international arbitration. Topics covered include valuation terminology, standards, principal valuation methods, industry-specific valuation standards and methods, and the engagement of those closely involved in the valuation and damages assessment exercise, namely, expert witnesses, counsel and arbitrators.
The overarching objective of the course is to equip participants with the essential basic knowledge and skills to understand the different stages of the valuation process, so that they can plead or adjudicate more effectively and efficiently when there is a dispute over the value of an asset.
Learning Objectives
By the end of the course, participants should be able to:
- Understand how to apply the optimal valuation standard and method to a specific dispute;
- Understand valuation reports prepared by valuation experts;
- Be more familiar with the valuation and damages assessment process, its parameters, and its projections;
- Be more effective when examining, cross-examining and seeking clarification from valuation experts who testify as expert witnesses in an arbitration.
Who Should Attend
Anyone with past, present or anticipated involvement in the practice of international arbitration, whether as counsel or as arbitrator, is highly recommended.
Course Run
The 3-day course will be conducted in-person:
Dates : 17 August, 31 August & 14 September 2026 (3 Mondays)
Time : 9:15am to 5:30pm
Venue : NUS (Kent Ridge Campus)
Click here for tentative workshop schedule.
Trainers' Bio
Professor Stavros BREKOULAKIS
Stavros Brekoulakis is the Michael and Laura Hwang Chair in International Arbitration at the National University of Singapore. Stavros is the author of eight monographs, books and edited volumes and more than 30 articles in leading peer-reviewed law journals and is the General Editor of the Journal of International Dispute Settlement; Editor-in-Chief of the International Journal of Arbitration, Mediation and Dispute Management; the Co-editor of Kluwer’s International Arbitration Law Library Series; and deputy Editor of Arbitration International. Stavros has led several policy projects and advised governmental, intergovernmental, and non-governmental organisations, including as Co-Chair of the International Council of Commercial Arbitration Task Force on Third Party Funding; member of the London Bar Reform Committee; the Steering Committee of the UNCITRAL Academic Forum on Investor-State Dispute Settlement; the Investment Expert Trade Advisory Group of the UK Department for International Trade, Governing body of ICCA; LCIA Court; and ICC’S Commission on Arbitration.
Click Here to View Full Profile.
Adjunct Associate Professor Emmanuel JACOMY
Emmanuel has extensive experience advising and representing companies, State-owned entities and governments in international commercial and investment treaty arbitrations under all major arbitration rules (including ICSID, ICC, HKIAC, LCIA, SIAC and UNCITRAL), with focus on investment, oil & gas, energy and mining disputes, as well as disputes having a Chinese and African nexus. He is an Adjunct Professor at the University of International Business and Economics (UIBE) and a Visiting Professor at Tsinghua University in Beijing. He also acts as an arbitrator. Emmanuel is also a member of the Expert Advisory Committee of the International Institute for Dispute Settlement Prevention (IIDPS), jointly established by the China Council for the Promotion of International Trade (CCPIT) and the Beijing Institute of Technology (BIT). Clients praise Emmanuel for his “stellar track record in commercial and investment treaty arbitrations” and for being “the best foreign lawyer […] in China”, “attentive to the needs of Chinese clients”, an “outstanding debater”, whose “expertise in investment treaty arbitration and public international law background are highly regarded”. He speaks English, French and Mandarin Chinese.
Professor ZUO Luo
ZUO Luo is the Provost’s Chair Professor of Accounting and Finance at the National University of Singapore (NUS). Professor Zuo is also a Senior Fellow of the Asian Bureau of Finance and Economic Research, a Senior Fellow of the Centre for Governance and Sustainability, and a Research Affiliate of the Sustainable and Green Finance Institute. Professor Zuo received his PhD from the Massachusetts Institute of Technology (MIT) in 2013, after which he joined Cornell University. At Cornell University, he was granted tenure in 2017 and promoted to full professor in 2022. Professor Zuo holds several editorial positions at top academic journals. He is an Editor of The Accounting Review, an Associate Editor of Management Science, and an editorial board member of the Journal of Accounting and Economics, Review of Accounting Studies, and Accounting, Organizations and Society. Professor Zuo has held various leadership positions in professional associations and academic programs. He currently serves on the Research Grants Council of Hong Kong and the Academic Advisory Council of Tsinghua University School of Economics and Management. He is also the Faculty Coordinator of the PhD Program in Accounting at NUS. Previously, he served as the President of the Chinese Accounting Professors’ Association of North America, the Faculty Director of the Cornell-Tsinghua Finance MBA Program, and the Faculty Lead of the Cornell-HKUST Partnership.
Click Here to View Full Profile.
Dr Hanny KUSNADI
Dr. Hanny Kusnadi is the Academic Director for the MSc in Accounting and Financial Analytics programme, and a Senior Lecturer at the Department of Accounting at the National University of Singapore (NUS) Business School. She is an award winning teacher at NUS, having received the 2025 and 2024 NUS Annual Teaching Excellence Award (ATEA), and the 2025, 2023 & 2021 NUS Business School Teaching Excellence Award. Hanny obtained her PhD in Accounting from the Hong Kong University of Science & Technology (HKUST). Her research interests include firm valuation, innovation, and corporate governance. Prior to joining NUS, Hanny worked in the industry for many years, including as a tax accountant at a boutique CPA firm in Silicon Valley, and as a Finance Controller in Singapore. She is a licensed CPA in California and obtained her undergraduate degree (magna cum laude) in Accounting from Santa Clara University. Beyond academia, Hanny also serves on the boards of public and private companies across Singapore, India, Indonesia, Dubai, and the USA. As a trusted board advisor, she provides strategic oversight and industry expertise, advising on corporate governance, financial strategy, and innovation.
Click Here to View Full Profile.
Attendance & Assessment
Mode of Assessment
The assessment will comprise an in-class mock proceeding that will take place on the last day of the workshop, requiring participants to apply what they have learnt from the course to a simulated real world scenario where lawyers and arbitrators are expected to engage with valuation experts over the course of a truncated hearing. To pass the assessment, participants need to demonstrate, via an oral presentation, a sound grasp of the topics and materials covered during the workshop, as well as the ability to cross-examine or question a live witness effectively so as to assist the tribunal in understanding how the valuation computations were done.
Certificate of Completion
Participants who achieve at least 70% attendance and a minimum score of 50% on the presentation project will be awarded a Certificate of Completion by NUS Law Academy.
SILE-CPD Points
Participants who wish to obtain CPD Points must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, participants are reminded to sign in on arrival and sign out at the conclusion of each day of the event in the manner required by the organiser. Participants must not be absent from each day of the event for more than 15 minutes. Participants may obtain Public CPD Points for each day of the event on which they comply strictly with the Attendance Policy. Participants who do not comply with the Attendance Policy on any particular day of the event will not be able to obtain CPD Points for that day. Please refer to https://www.sileCPDcentre.sg for more information.
Public CPD Points:
Day 1 - Up to 6
Day 2 - Up to 6
Day 3 - Up to 6 (inclusive of 1.5 Public MEC Points)
Practice Area: Professional Skills
Training Category: Intermediate
Course Fees
Course Fees
S$2,670.50 (inclusive of 9% GST)
SkillsFuture Credit
This course is eligible for SkillsFuture Credit claim. All Singaporeans aged 25 and above can use their SkillsFuture Credit from the government to offset part of the course fee for this programme. Applicants who wish to use the SkillsFuture Credit may refer to here for more details.
Course ID : 2026062755
Please note that this course is not eligible for SkillsFuture Credit (Mid-Career) claim.
Terms & Conditions
These Terms and Conditions govern applications, offers, registrations, payments, and participation in our short courses. By applying or registering for a course, you agree to these Terms and Conditions.
1. Applications and Course Places
1.1 Submission of an application does not guarantee admission to any course.
1.2 We do not reserve seats for applicants.
1.3 Seats are secured only when:
- we issue an offer of admission or enrolment; and
- full payment is received within the stipulated payment deadline stated in the offer.
1.4 Seats are limited and are allocated on a first-paid, first-confirmed basis.
1.5 If a course is fully subscribed, applicants may be placed on a waitlist at our discretion. Placement on a waitlist does not guarantee a course place.
2. Offers and Payment Deadlines
2.1 Any offer issued by us is valid only until the payment deadline stated in the offer.
2.2 If full payment is not received by the stated deadline, the offer will automatically lapse without further notice.
2.3 We reserve the right to release any unpaid place to another applicant once the payment deadline has passed.
2.4 We are not obliged to honour late payments or reinstate expired offers.
3. Fees and Payment
3.1 Course fees are as published on our website or as otherwise communicated in writing.
3.2 All fees must be paid in full by the stipulated deadline unless otherwise agreed by us in writing.
3.3 Any bank charges, transaction fees, currency conversion charges, or similar costs are the responsibility of the applicant or participant.
3.4 Registration is not complete until payment has been successfully received and processed.
3.5 Accepted payment methods include:
- Credit Card
- PayNow
- Bank Transfer
- Corporate Sponsorship
4. Confirmation of Enrolment
4.1 Course run confirmation is subject to minimum enrolment requirements.
4.2 Course run is confirmed only when we issue written confirmation of the participant’s place in the course.
4.3 An acknowledgement of application, invoice, or payment receipt does not by itself constitute confirmation of enrolment unless expressly stated by us.
5. Participant Eligibility and Responsibility
5.1 Before accepting an offer and making payment, applicants are responsible for ensuring that they:
- meet any stated entry requirements or prerequisites;
- are comfortable with the course language and level;
- can to attend the course on the scheduled dates and times; and
- have the required equipment, software, internet connectivity or technical set-up for online courses, if applicable.
5.2 We reserve the right to reject an application or refuse enrolment where an applicant does not meet course requirements or where the course is unsuitable for the applicant.
6. Course Changes
6.1 We reserve the right to make reasonable changes to a course where necessary, including changes to:
- course schedule;
- course venue;
- trainer or facilitator;
- delivery mode, including changing from in-person to online or vice versa;
- course content or structure, provided the overall learning objectives are substantially maintained.
6.2 We will make reasonable efforts to inform participants of any material changes as soon as practicable.
7. Course Postponement or Cancellation
7.1 We reserve the right to postpone or cancel a course for reasons including but not limited to insufficient enrolment, trainer unavailability, venue issues, safety concerns, or circumstances beyond our reasonable control.
7.2 Where a course is postponed or cancelled by us, we may offer, at our discretion:
- a transfer to another run of the same course;
- a credit for future course use; or
- a refund of the course fee paid for the affected course.
7.3 Unless required by law, our liability for a postponed or cancelled course shall be limited to the course fee paid to us for that course.
8. Refunds, Withdrawals, and Transfers
8.1 Any withdrawal, refund, or transfer request must be made in writing.
8.2 Refunds and transfers are subject to the refund and transfer policy stated on our website or otherwise communicated in writing at the time of registration
8.3 Unless otherwise stated in our refund policy or required by law:
- no refund will be made for non-attendance and missed sessions;
- no refund will be made after payment has been made; and
- transfer requests are subject to availability and our approval.
9. Substitutions
9.1 For corporate or group registrations, substitution of a participant may be permitted before the course starts, subject to:
- written notice being given to us at least 3 working days in advance;
- the substitute meeting all course requirements;
- our approval; and
- substitute completing all registration before course starts.
9.2 We reserve the right to refuse a substitution where the substitute does not meet the course requirements or where substitution is not reasonably practicable.
10. Attendance and Certification
10.1 Participants must comply with the attendance, participation, and assessment requirements of the course.
10.2 Certificates of attendance, participation, or completion will only be issued where the participant has met the relevant requirements for the course.
10.3 No certificate will be issued where a participant fails to satisfy the stated requirements.
11. Participant Conduct
11.1 Participants are expected to behave respectfully and professionally towards trainers, staff, and other participants.
11.2 The Code of Learner Conduct is intended to guide learners' conduct by providing an overview of the behaviour generally expected of them as a member of the University community.
11.3 We reserve the right to refuse admission to, or remove from a course, any participant whose behaviour is disruptive, abusive, unsafe, unlawful, or otherwise inappropriate.
11.4 Unless required by law, no refund will be due where a participant is removed from a course due to misconduct.
12. Learning Materials and Intellectual Property
12.1 All course materials provided by us remain our property or the property of our licensors unless otherwise stated.
12.2 Course materials are provided solely for the participant’s personal learning use or internal business use, as applicable, and must not be copied, reproduced, distributed, published, uploaded, recorded, sold, or shared without our prior written consent.
12.3 Participants must not record any course session, whether by audio, video, screenshot, or other means, unless we have given prior written permission.
13. Online Courses and Technical Access
13.1 For online courses, participants are responsible for ensuring they have suitable internet access, compatible devices, software, and any other required technical capability.
13.2 We are not responsible for a participant’s inability to attend or complete an online course due to the participant’s own technical issues, equipment failure, or internet connectivity problems. 13.3 Technical difficulties experienced by participants do not constitute grounds for refund.
14. Personal Data
14.1 We may collect, use, store, and process personal data for purposes including:
- processing applications and registrations;
- communicating with applicants and participants;
- administering courses;
- processing payments;
- issuing certificates; and
- complying with legal or regulatory requirements.
14.2 Our handling of personal data is in accordance with the requirements of the Personal Data Protection Act (PDPA). Please refer to NUS Privacy Notice for the details.
15. Limitation of Liability
15.1 To the fullest extent permitted by law, we shall not be liable for any indirect, incidental, consequential, or special loss, including loss of income, loss of business opportunity, or loss of data, arising from or in connection with a course or these Terms and Conditions.
15.2 Our total liability to any applicant or participant in respect of any course shall not exceed the amount of the course fee actually paid to us for that course, except where such limitation is not permitted by law.
16. Force Majeure
16.1 We shall not be responsible for any delay, failure, postponement, or cancellation caused by events beyond our reasonable control, including but not limited to natural disasters, public health events, government restrictions, labour disputes, technical failures, power outages, venue unavailability, or trainer illness.
16.2 In such circumstances, we may, at our discretion, reschedule the course, provide an alternative delivery mode, issue credit, or provide a refund.
17. Amendments
17.1 We may revise these Terms and Conditions from time to time.
17.2 The version published on our website at the time of application or registration shall apply, unless otherwise stated.
18. Governing Law
18.1 These Terms and Conditions shall be governed by and construed in accordance with the laws of the applicable jurisdiction in which our business is established.
18.2 Any disputes arising out of or in connection with these Terms and Conditions shall be subject to the exclusive or non-exclusive jurisdiction of the courts of that jurisdiction, as determined by applicable law.
Apply Now
Click HERE to apply via L3AP Learner Portal.
Application Guides
For Self-sponsored Applicant
For Corporate-sponsored Applicant
For a more detailed guide on how to use L3AP, you may visit the links below:
Self-sponsored Applicant
Company-sponsored Applicant
For enquiries, please contact NUS Law Academy at nuslawacademy@nus.edu.sg.
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