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.
Significant tax risk to non-US companies created by America First Trade Policy
On his first day in office, President Trump signed two memoranda, the Global Tax Deal and the America First Trade Policy, covering noteworthy international...