Key legal question
Whether the arbitral tribunal misapplied damages calculation by failing to deduct operating and administrative costs.
Extracted holding
The complaint was not persuasive; the tribunal's approach to the expert evidence and damages calculation was not shown to be arbitrary.
Extracted reasoning
The tribunal could interpret the expert statement as meaning that administrative overhead was to be covered out of margin and that variable costs had already been deducted. No clear violation of the arbitration concordat was demonstrated.