CRA’s Tiago Duarte-Silva was engaged in a treaty arbitration involving the valuation of alleged expropriated land, lost profits from planned coffee farm and real estate ventures, and environmental damages. To assess lost profits, Dr. Duarte-Silva reviewed projections and compared them to actual market conditions over time for the agribusiness industry. He also examined the value of biodiversity under two frameworks: one based on transactions for biodiversity credits and another reflecting non-use value based on willingness-to-pay studies. Dr. Duarte-Silva was supported by a CRA team comprising Michelle Sandoval Siman and Alene Hanson.
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...