Breach of Share Purchase Agreement warranties following the sale by an oil major of its operations in Sub Saharan Africa to a private equity buyer.
Secretariat professionals provided expert services in assessing whether accounting warranties had been breached and assessing the quantum of loss arising from accounting, tax and other alleged breaches of warranties.
We were instructed by the Respondent to respond to allegations of breach of warranties under accounting warranties and tax warranties and the assessment of damages for all alleged warranty breaches. The work involved obtaining a detailed understanding of the operation of the various joint operating agreements and production sharing contracts in force. Key areas of focus were the assessment of materiality; the valuation methodology; weighted average cost of capital and multiplier; expectations when operating in the specific country where there is frequent government intervention; and an assessment of damages.
Secretariat Secures No. 1 Spot on Lexology Index’s Arbitration 2025 Report
We are proud to announce that Secretariat has earned the position of No. 1, top-ranked Consulting Expert Firm in the Lexology Index Arbitration 2025 report. The report features firms and experts who have distinguished themselves as industry leaders based on their independence, sharp testifying skills, clear communications, and meticulous analytical insights.
Eric Poer, CPA, a globally recognized securities, accounting, valuation, and regulatory enforcement expert, was retained by Orrick, Herrington, and Sutcliffe LLP to provide expert and summary witness testimony in defense of Apple Inc., CEO Timothy Cook, and CFO Luca Maestri in a high-stakes securities class action dispute.
Neil Gaudion provided an expert report and testimony on behalf of Five Star Resort Owner, LLC, in construction dispute litigation surrounding a $2 billion Ritz-Carlton Hotel development. The jury awarded $2 million, plus interest, an amount determined from Mr. Gaudion’s testimony.