Article | June 12, 2025
In this GIR article, Stephen Millington and Dominique Dondelinger examine the growing fraud risks facing the Gulf region amid rapid economic expansion and transformative Vision 2030 strategies.
The Claimant, a manufacturer of engine components for the aeronautics industry, invested in the development of a production line in North America for a new aircraft program at the request of a client (the Respondent). Following numerous delays and issues with the qualification process, the production line never received the required certification to begin production. The Claimant initiated an ICC arbitration to seek compensation for its losses.
Secretariat professionals were engaged by the Claimant to provide expert testimony on the losses incurred. Our assignment included identifying the boundaries of the claim and quantifying the losses incurred. The losses consisted mainly of sunk costs including the value of time spent by employees and management in the project and pre-award interest.
Our expert testimony allowed the Claimant to obtain a favorable award in compensation for its losses with only minor adjustments to our calculation. The award also stipulated that 100% of the tribunal expenses and 70% of the legal and expert fees paid by the Claimant should be supported by the Respondent.
In this GIR article, Stephen Millington and Dominique Dondelinger examine the growing fraud risks facing the Gulf region amid rapid economic expansion and transformative Vision 2030 strategies.
Public Cos. Must Heed Disclosure Risks Amid Trade Chaos
Ongoing uncertainties caused by the trade war and President Donald Trump’s evolving stance on tariffs and trade restrictions, including sanctions and export controls, have exponentially escalated financial reporting pressures on public companies. In this article, we discuss the key financial reporting and disclosure risks, as well as takeaways, for public companies as they navigate significant market instability in international trade.
Tanner Weil and Marc Pichon will present their paper, “Leveraging Business Intelligence Platforms for Data Analytics in Forensic Schedule Analysis & Quantification of Damages for Construction Projects” at the Association for the Advancement of Cost Engineering (AACE) 2025 Conference & Expo, taking place June 15-17 in Anaheim, California.