In the context of an LCIA Arbitration between minority and majority shareholders in CIS of manganese ore and manganese-based ferroalloy production, we were retained to analyze the underpayment of historical dividends to minority shareholder (for the Claimant). This required the analysis of cash flows of the operation and the benchmarking of expected/reasonable raw materials costs and final production sales prices
Mining arbitrations in practice: Filing trends, shifting geography, and claimant recovery
Building on CRA’s 2023 study of disputes involving mineral assets, Tiago Duarte-Silva and Swati Kanoria examine over 150 investor-State mining arbitrations...