CRA was retained by the respondent in an ICC arbitration in which the claimant alleged an inappropriate termination of a supply agreement relating to material used in a vaccine. CRA’s analysis demonstrated that changes in the commercial market circumstances for the final product had eroded the returns to untenable levels, showing that it would be in neither party’s interests to maintain the supply agreement.
2023 International Arbitration review: Updates and trends
2023 marked a significant surge in activity across diverse sectors such as mining, oil & gas, the energy transition, pharma, and merger disputes. Throughout...