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Case Examples

Energy & Industrials

Valuation and damages analysis across oil and gas, power, utilities and allied industrial sectors.

Oil exploration and development.

Expert valuation of an oil exploration and production licence in East Africa.

Gas industry arbitration.

Financial expert in an arbitration involving two large European gas companies. Expert reports submitted in response to claimant's experts' reports and evidence given to the tribunal.

Middle Eastern gas arbitrations.

Provided expert reports and evidence in a series of four arbitrations involving complex equity and debt investments in a Middle Eastern natural gas pipeline. Ten expert reports prepared, and evidence given at four hearings.

Gas to liquids dispute.

Appointed by the respondent as a valuation expert. Prepared two expert reports and gave evidence in regard to the valuation of losses allegedly borne by a foreign investor in a Caribbean Gas to Liquids (GTL) plant. Addressed complex issues in regard to adjusting for project feasibility risks, option pricing, Monte Carlo techniques and discount rates.

Fertilizer industry treaty arbitration.

Valuation expert for the claimant and gave evidence in a treaty arbitration against the Bolivarian Republic of Venezuela. Valuation of losses borne by the claimant as a result of expropriation of an Ammonia/Urea plant and Offtake Agreement.

Coal to liquids.

Appointed by the claimant in the course of a dispute about the valuation of the opportunity to develop a Coal to Liquids (CTL) plant in Western Australia using real options and applying a variant of the Monte Carlo technique.

Oil exploration and development.

Expert valuation reports and gave evidence in an international treaty arbitration claim that involved an oil field in one of the former Soviet Union Republics. Major issues included country risk and oil price forecasting. Valued the option to delay exploration.

Investment arbitration. Aluminium industry.

Financial investigation of the level of investment made and the profitability under various scenarios of a bauxite mining and aluminium smelting investment in Azerbaijan. Appointed as expert for the respondents.

Electricity generation and gas transmission.

Financial analysis of the impact of regulatory regime changes on the profitability and value of gas-fired electricity generators and a gas transmission concession in Argentina. Appointed as expert for the claimants in an arbitration against political risk insurers.