The reference to “material loss” is narrower than the concept of damage elsewhere in the articles: article 27 concerns only the adjustment of losses that may occur when a party relies on a circumstance covered by Chapter V.

In many countries, the poor suffered disproportionately from the effects of structural adjustment, as a result of loss of income and livelihoods.

Privatization and liberalization have produced mixed results, either increasing prices for the poor or entailing other adjustment costs (e.g. loss of employment).

In reaching the recommended awards, the Panel adopted general principles of loss adjustment, such as reasonableness of costs incurred, depreciation and betterment.

/ In determining the recommended awards, the Panel adopted general principles of loss adjustment, such as reasonableness of costs incurred, depreciation and betterment.

The Panel adjusted the value of the loss in accordance with the stock document, prior to the deduction for obsolescence, to KWD 7,078,097.

At a minimum, refugee and displaced women face emotional and other difficulties in adjustment resulting from loss of family and community support.

In particular, meeting the costs of adjustment, in terms of loss of output, employment and resources, that arise from trade liberalization in developing countries should be an integral and additional part of international development cooperation.

KAFCO retained the services of an international firm of loss adjusters (“KAFCO's consultants”), which produced a report on the damage and losses sustained by the company allegedly as a direct result of Iraq's invasion and occupation of Kuwait.

43/ PIC retained the services of an international firm of loss adjusters (“PIC's consultants”), who produced a comprehensive report of the damage and losses sustained by PIC as a consequence of Iraq's invasion and occupation of Kuwait.