In an international arbitration at the LCIA, CRA assisted a client by assessing the value and marketability of bespoke fixed-income instruments in Eastern Europe. The securities involved in the case included equity-collateralized corporate loans and pay-in-kind (PIK) corporate bonds. The analysis of each security involved evaluation of its credit / default risk, default probabilities, liquidity, and fair value. The project was led by Tiago Duarte-Silva.
Calculating damages in IEEPA tariff refund litigation
But it did not resolve a harder question: Who bore their economic cost? That distinction is now driving two parallel waves of private litigation: commercial...