Quantification of Damages Due to Repudiation of Garment Manufacturing Contract
Matter involving the quantification of damages arising from the repudiation of a garment manufacturing contract.
When a joint venture agreement to form a textile operation in Bangladesh was repudiated, we were brought in to forecast both the expected cash flows had the agreement been fulfilled and the damages resulting from its cancellation.
Our work involved identifying, collecting and analyzing the relevant financial documents and assessing the most reasonable assumptions upon which to estimate the Plaintiff’s losses. We prepared an expert report quantifying the losses and provided expert testimony in an arbitration proceeding. The arbitrator found in favour of our client and awarded damages based on our report.