The Claimant was a large privately-owned gaming company that had acquired an exclusive license to operate casinos, slot machine halls, and lottery activities in the Respondent’s jurisdiction, and it operated these businesses for over a decade. The Respondent ultimately revoked the Claimant’s gaming license based on its position that the Claimant had allegedly violated the regulatory framework in place in its jurisdiction.
Secretariat professionals were engaged by the Claimant to quantify the economic damages it allegedly sustained in connection with its ICSID claim against the government that revoked its gaming license.
We prepared a valuation of the Claimant’s gaming license as at the revocation date using the discounted cash flow method, based on a robust financial model that incorporated the forecasted revenues, costs and economic assumptions in 2013. We also considered market-based valuation methods to test the reasonability of our conclusions under our primary valuation approach. We testified on valuation and economic damages issues at a hearing held at the ICC in Paris.
Secretariat Expands in Canada, Adding a New Office in Montréal
Secretariat is pleased to announce the opening of our Montréal office. This new location expands our construction disputes and advisory capabilities with the addition of two key Directors — Etienne Berge and Georges Bader. The opening of Secretariat’s Montreal office illustrates our impressive growth in Canada and our ability to serve clients needs across all major markets.
From Revenue to Reputation: What Really Drives Football Club Valuations?
This article delves into the fascinating world of football club valuations, explores the methodologies used for publicly reported values, and identifies factors that contribute to the often-surprising gap between reported values and transaction prices. Further, it discusses potential reasons that could explain the discrepancy between the reported value and the transaction price for recent transactions involving Chelsea F.C., Manchester United, and AC Milan.
The Post Office Horizon Inquiry – A Digital Forensics Masterclass
The ongoing Post Office Horizon Inquiry is a landmark case that showcases the power of modern digital forensics in answering a critical question: Who knew what, and when? In his guest post for Legal IT Insider, Jon Fowler examines the opportunities and challenges (including legal and ethical considerations) of using digital forensics within investigations.