CRA was retained by counsel to the claimant in an arbitration caused by defective equipment. The claimant had acquired purportedly more efficient equipment that is necessary for downstream processing of extracted lithium. Such equipment was defective, leading to lost profits and out-of-pocket costs beyond the acquisition price. After multiple expert reports, this dispute was settled on favorable terms.
Project finance basics for International Arbitration practitioners
Lenders often depend exclusively on project revenues for repayment, so any operational or regulatory disruption can quickly jeopardize covenant compliance and...