Tiago Duarte-Silva was retained by counsel on behalf of a sovereign African state in an ICC arbitration launched by a provider of maritime equipment and services. This dispute was associated with an international fraud, bribery, and corruption scandal, with claimed damages of $2 billion. Dr. Duarte-Silva opined on the likelihood of success of the projects and the likelihood of obtaining financing, given changes in oil prices at the time. He also assessed damages, with a focus on the underlying forecasts’ leasing revenues, related costs, working capital, taxes, and time value of money.
Who bore the tariff burden? Economics of IEEPA refund disputes
The refund question sits at the intersection of customs procedure, administrative law, but also economics, and resolution will likely vary significantly across...