In the context of a Bilateral Investment Treaty Dispute between a CIS Gold Mining Company and a Sovereign State under UNCITRAL rules, we were retained by a gold mining company (Claimant) against a sovereign nation relating to the assessment of allegedly unfair levels of taxation. Client was Russian and most of documents including financial statements were in Russian. Provided several expert reports in liability phase of arbitration assessing the operating costs, cash costs and production costs of the subject entity.
Mining arbitrations involving offtake agreements: Industry and damages considerations
Under an offtake mining agreement, a buyer or offtaker commits to purchase a specified quantity or portion of a seller’s future mining output. Offtake mining...