Supporting IRM and International Arbitration
Prizma’s seasoned team members have contributed to high profile cases involving independent recourse mechanisms and international arbitration.
This includes engagement by White & Case, a leading international arbitration practice, representing claimant Gold Reserve Inc. during an international arbitration case before the World Bank’s International Center for the Settlement of Investment Disputes (ICSID). An ICSID arbitral awarded in excess of $700 million was awarded to the claimant
Prizma was also engaged by the Compliance Advisor Ombudsman (CAO) office, which is the independent recourse mechanism of the IFC and MIGA, to review two compliance cases triggered by community complaints. Prizma conducted a detailed review of records and studies in light of applicable and contemporaneous environmental and social standards, conducted numerous interviews, generated and presented draft findings to the CAOA and project team, and submitted its final report to the CAO office for further action.