Arbitration dispute over a terminated agreement

CRA was retained by the respondent in an arbitration dispute concerning the interpretation of a clause in the termination provision of a collaboration agreement. At issue was whether the respondent was required to continue paying royalties to the claimant following the termination of the agreement. CRA’s life sciences expert was asked to opine on whether the claimant’s interpretation was consistent with generally accepted accounting principles and the claimant’s own publicly reported financial statements. CRA’s team considered various accounting standards, disclosure and reporting requirements, and the claimant’s financial statements, concluding that the respondent’s interpretation was consistent with generally accepted accounting standards and claimant’s interpretation was inconsistent with the claimant’s financial disclosures.