The chapter explains key issues and concepts relating to DCF methodology.
In this chapter, Ronnie Barnes of Cornerstone Research expands on the high-level description of discounted cash flow (DCF) valuation methodology as established in previous editions of this book, The Investment Treaty Arbitration Review. The chapter equips the reader with a sufficient grasp of certain key issues and concepts relating to the DCF methodology so that, for example, when faced with an expert’s valuation report, they are able to identify the questions they should be asking.
This chapter was originally published in In-Depth: Investment Treaty Arbitration in June 2025.
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