A manufacturer in the wood panel sector suffered lost production when its power plant failed. The manufacturer received payments from its insurer in respect of a business interruption claim and the insurer initiated the lost profits following a disruption of power supply.
Secretariat professionals were appointed to provide expert services on behalf of the Respondent in the LCIA Arbitration to assess the business interruption lost profits derived from the loss of power, net of any mitigation.
We carried out a detailed analysis of the opposing expert’s analysis of lost production, increased energy costs and ensuing lost profits and costs of mitigation. Finding the Claimant’s model to be unreliable and cumbersome we produced our own model and made our own assessment of the losses suffered as a result of the interruption to self-generated power.
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.