Forensic accounting in an international arbitration
In an ICSID arbitration, a construction company, Bayindir Insaat Turizm Ticaret Ve Sanayi A.S., claimed damages from Pakistan for terminating the company’s construction contract early. Due to this early termination, the construction company was no longer able to recoup profits from the investments it had made as contracted and further lost its right to future development and corresponding profits. Brattle experts analyzed the financial accounting records and documentation of the construction company to assess the lost profits and consequential damages. As part of this work, we evaluated intercompany transfers and undertook accounting forensic analyses.