International Arbitration, Assurance & Accountability

Our key services, exemplified further below, include the following:

  • Expert witness in international arbitration (ISDS)
  • Independent third-party assurance (AA1000AS)
  • Rostered expert & panelist for independent accountability mechanisms (IFC, IDB, GCF)

Expert Witness in ISDS/ICSID Case: Gold Reserve v. Venezuela

White & Case, representing the Claimant, engaged Prizma’s team members to provide expert witness services in an investor-state dispute settlement (ISDS) related to Social License to Operate (SLO); Free, Prior, Informed Consent (FPIC); Environmental and Social Impact Assessment (ESIA); Resettlement and Community Development; IFC Performance Standards and other matters. The three-judge tribunal panel convened under the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) in Washington DC awarded Gold Reserve, the claimant, $760 million.

Independent Third-Party Assurance for Lundin Mining Corp.

Prizma was engaged by LMC, a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the USA, to provide independent third-party assurance services. As part of this engagement, Prizma conducted site visits to LMC’s operations in Portugal and Chile, and provided moderate-level assurance for key performance indicators related to safety, water, energy, greenhouse gases, and stakeholder engagement. Prizma is a licensed assurance service provider for the AA1000 Assurance Standard, and a member of the GRI Community.

Rostered Expert Panelist for Independent Accountability Mechanisms

Prizma’s Director, Mehrdad Nazari, formerly a Principal Environmental Specialist at the European Bank for Reconstruction and Development (EBRD), London, served on two expert panels conducting compliance reviews of the World Bank Group’s (WBG) International Finance Corporation (IFC) on behalf of its Compliance Advisor Ombudsman (CAO). He also serves on the Independent Expert Rosters of the Independent Redress Mechanism (IRM) of the Green Climate Fund, and the Independent Consultation and Investigation Mechanism (MICI) of the Inter-American Development Bank Group.