Expert witness & panel member
Prizma’s seasoned team members have contributed to high profile cases involving international arbitration and independent recourse mechanisms.
A prominent example includes providing environmental and social oriented expert witness services to White & Case, which was recognized as the Number One International Arbitration Practice globally by the Global Arbitration Review 2015, representing winning claimant Gold Reserve Inc. during an international arbitration case before the World Bank’s International Center for the Settlement of Investment Disputes (ICSID).
In November 2015, Gold Reserve reported that the U.S. District Court for the District of Columbia confirmed the ICSID arbitral award dated September 22, 2014, granting the company’s petition to confirm the award, confirming the award, and entering judgment for the company against Venezuela in an amount exceeding $760 million at the time of the announcement.
Prizma’s team members have also been engaged by the Compliance Advisor Ombudsman (CAO) office, which is the independent recourse mechanism for the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both members of the World Bank Group. The CAO responds to complaints from project-affected communities with the goal of enhancing social and environmental outcomes on the ground.