The Claimant was a supplier of nuclear fuel under a long-term supply agreement with an energy provider (Respondent).
Secretariat professionals were appointed to analyze the economic impact of a breach of the supply agreement.
The Claimant had presented a claim for over $700 million based on their expert’s interpretation of the supply agreement. Our experience suggested that the contract should be analyzed from a different point of view with resultant damages of $40 million. The arbitral tribunal agreed completely with our analysis which was presented at the hearing.
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.