Quantification of economic damages following the expropriation of a financial institution
An investment fund faced the expropriation of one of their subsidiaries, a multi-billion valued international financial institution. It was initiated by a government on grounds of an alleged breach of certain financial security terms as prescribed by the National Bank of the country. The client vehemently denied the mere existence of a possible insolvency and needed to gather evidence to prove that the expropriation was unlawful. BFI assisted in the valuation, the quantum of damages, as well as the settlement agreements being a member of the international court-appointed arbitration committee.