BRG's London-based experts have brought significant experience to the firm. The work they have carried out since arriving at BRG has included complex and challenging engagements, such as:
Provided independent advice in a litigation matter involving a rights issue made by a large financial services company. The engagement concerned whether material provided to investors in relation to the rights issue was appropriate under FSMA 2000. Our experts and staff considered issues such as the proper disclosure of the financial position of the company, the value at which certain assets were held in its financial statements and the calculation and presentation of certain key financial metrics of the business.
In a bilateral investment treaty case under UNCITRAL rules, provided valuation opinions in relation to the value of an LPG import and trading business. The BRG team consisted of a valuation expert supported by a U.S.-based energy expert who provided reports on the LPG industry in the country concerned.
Provided expert advisory services on behalf of a major UK bank in connection with an interest-rate-swap mis-selling dispute. The case revolved around whether the bank in question had mis-sold interest rate swaps as part of a banking relationship with a client. The expert report included analysis of interest rate swaps and their use in and suitability for interest-rate hedging, together with a detailed examination of valuation approaches and a consideration of breakup costs. The project also considered the suitability of the specific swaps in question as hedges for the loans exposed to interest rate risk.
Provided expert reports and oral testimony on issues of funds tracing in a fraud case in the UK High Court. The analysis followed the flow of funds through various jurisdictions and asset classes, applying a range of rules of tracing that could be applicable to the case.
Assessed reasonable royalties for FRAND licensing by a non-practicing entity in the mobile phone industry for a UK action, as part of European and global litigations. Royalty rates for standards-essential patents were analyzed and compared with industry licensing rates. Economic implications of standards requirements and relationships between individual patent and portfolio rates were reviewed.
Provided expert economic input for a UK grocery retailer in the context of UK competition authority investigations that have continued throughout the last decade. Cases ranged from monopoly reviews to merger cases and market investigations, and involved analyses of a complete range of competition issues.
A BRG expert led the restructuring, and was appointed chairman, of a consumer products manufacturing company in France. The restructuring was both financial and operational, with a change from a “manufacturing to stock” to a “manufacturing to order” process. The company has turned around from suffering operating losses of -10 percent to creating operating margins of +8 percent. Working capital efficiency was optimized, and the workforce was substantially reassigned/reduced with no industrial disruption.