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Dr. Dorobantu specializes in valuation and structured finance issues with a focus on international arbitration.

He has testified on damages in cases before the International Centre for the Settlement of Investment Disputes (ICSID), the International Chamber of Commerce (ICC), and the Permanent Court of Arbitration (PCA). Dr. Dorobantu has also advised clients in ICSID, London Court of International Arbitration (LCIA), and ICC arbitration proceedings, as well as in litigation cases in U.S. federal courts, state courts, and tax courts.

He has experience conducting complex discounted cash flow analyses, including building cash flow forecasts, estimating the impact of business and financial risks on cash flows and discount rates, and incorporating the value of real options in the valuation of long-lived assets. Dr. Dorobantu has performed valuation analyses in a variety of industries, including mining, oil & gas, financial services, large project engineering and construction, consumer goods, and business process outsourcing.

Dr. Dorobantu has worked closely with testifying experts on matters involving structured finance and asset-backed securities. In litigations stemming from the global financial crisis, he analyzed the mark-to-market value of leveraged loans and mortgage-backed securities in disputes between banks and investment funds, and analyzed the portfolio of a large hedge fund that collapsed following subprime mortgage-related losses. In tax-related litigations, he evaluated the economic substance of investment strategies involving foreign currency derivatives, cross-border leveraged leases, interest rate swaps and swaptions, and structured promissory notes.

Representative Engagements
Valuation of mining project
In connection to an investment arbitration before the ICSID, led a team quantifying damages from the alleged expropriation of a copper and gold mining project in Asia.
Damages from suspension of natural gas field development
In an ICSID arbitration concerning an investment in the oil and gas industry, Dr. Dorobantu led a team quantifying damages arising from a series of blowouts that suspended development of a natural gas field
Mark-to-market analysis of a portfolio of leveraged loans
In a dispute between a hedge fund and a major investment bank concerning margin calls under a total return swap, analyzed the value of a portfolio of leveraged loans in the immediate aftermath of the Lehman Brothers bankruptcy filing.
Testimony
Bear Creek Mining Corporation v. Republic of Peru, International Centre for the Settlement of Investment Disputes, Case No. ARB/14/21. Expert report and testimony assessing damages from the alleged unlawful expropriation of a silver mining project in Peru.
September 2016
Confidential administrative proceedings between a national pension fund regulatory agency and pension fund investment managers. Expert reports analyzing the economic rationale for certain transactions in Government securities.
September 2016
South American Silver Limited (Bermuda) v. The Plurinational State of Bolivia, Permanent Court of Arbitration, Case No. 2013-15. Expert report and testimony assessing damages from the alleged unlawful expropriation of a silver mining project in Bolivia.
July 2016
Confidential arbitration before the International Court of Arbitration of the International Chamber of Commerce. Expert report and testimony on the quantum of damages arising from the cancellation of a nuclear power plant construction project.
September 2014
Publications
Report
Country Risk and Damages in Investment Arbitration
November 27, 2015
Florin Dorobantu, M. Alexis Maniatis, and Natasha Dupont
Published in the ICSID Review: Foreign Investment Law Journal
Article
Public Trust, the Law, and Financial Investment
June 2009
Bruce Ian Carlin, Florin Dorobantu, and S. Viswanathan
Published in The Journal of Financial Economics
News & Events
July 06, 2017
Brattle Announces Promotion of Florin Dorobantu to Principal

The Brattle Group is pleased to announce the promotion of Florin Dorobantu to principal. Dr. Dorobantu specializes in valuation and structured finance issues with a focus on international arbitration.

June 28, 2016
David McKnight and Florin Dorobantu to Present During Live Webcast on Fair Value Accounting

Brattle Senior Associates David McKnight and Florin Dorobantu will present during The Knowledge Group’s live webcast, “Fair Value: Friend or Foe?,” on June 28, 2016, from 3:00 pm - 5:00 pm EST.

December 10, 2015
Brattle Economists Publish Paper on the Impact of Country Risk on Damages in Investment Arbitration in the ICSID Review: Foreign Investment Law Journal

Brattle economists recently addressed the impact of country risk on the quantum of damages in investment arbitration.

June 16, 2015
Brattle Principal Michael Cragg’s Testimony Contributes to Finding on Government Treatment of AIG

In the recently released decision from the United States Court of Federal Claims, Judge Wheeler sided with Brattle client Starr International Co. Inc., finding that that the Federal Reserve overstepped its authority by taking 79.9 percent of AIG’s equity as a condition of its loan to AIG. This element of the decision echoed testimony of Brattle principal Dr. Michael Cragg, which was restated in the opinion.