The Respondent, a construction company, was accused by the government of colluding with other construction companies in tendering for public infrastructure projects in order to fix higher prices.
Secretariat professionals were appointed to form an opinion as to whether allegations that cartel collusion had occurred were supported by the evidence or whether there were other explanations for the pricing of bids submitted by the contractor.
We were instructed to respond to the Claimant’s expert report which involved a detailed analysis of tender costs and the bidding process for construction projects. Secretariat damages professionals collaborated with a Quantity Surveyor colleague (who assisted with knowledge of the industry and the interpretation of evidence underlying the tender) to assess whether the bid data from the contractor and bid data from the other tenderers demonstrated that there was a cartel.
Jennifer Vanderhart, Steven Schwartz, Richard Brady, and Aminta Raffalovich authored a chapter in The Guide to Damages in International Arbitration – Sixth Edition. The guide is designed to assist the global arbitration community in understanding damages issues. The chapter is titled “The Use of Econometric and Statistical Analysis in Damages.”
Managing Directors Stuart Dekker, Joe Skilton, and Eddie Tobis authored the chapter “Compensation for Expropriation” in the 9th Edition of The Investment Treaty Arbitration Review.
Maintaining Ethics & Integrity in a Volatile Economic Environment Means Spotting the Banana Peels
Periods of economic pressure are often marked by increased rates of corporate fraud that can happen despite the presence of risk management frameworks. In this article published by Corporate Compliance Insights, Hitesh Patel offers a modern, holistic risk view that can help spot the pitfalls lurking in the way.