Engagements

Arbitration in financial services industry involving fixed-income instruments in emerging market

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 and Assen Koev.