James Burrows testified on behalf of the Bolivarian Republic of Venezuela in Rusoro v. Venezuela, an ICSID proceeding involving a claim for damages of nearly $3 billion in connection with the expropriation of gold mining assets. The tribunal’s ruling resulted in a damages award much closer to Dr. Burrows’ findings than the findings of the Claimant’s expert.
The end of LIBOR: Which benchmark rate for pre-award interest?
LIBOR was discontinued for most currencies at the end of 2021, with only USD LIBOR set to be discontinued in 2023.[1] As noted earlier, LIBOR has been widely...