Sizeable client refusing to resolve change orders and refusing to pay dues

Defendant contracts with wealthy and stable Middle Eastern government for supply and installation of specialized equipment in their airports. The contract is a “Main Contract” signed in 2012.

Defendant enters into a subcontract with Claimant in 2012 according to which Claimant is to perform some of the works required by the Main Contract. The subcontract price is approximately USD 3M and the Works concern the production of a steel structure.

Defendant is therefore Claimant’s client and obliged to pay for the Works executed by Claimant under the subcontract and the works execution beyond the scope of the subcontract mandated by Defendant (“Variations” to the subcontract).

However, Defendant refused to pay USD 2.5M of variations executed by Claimant, harmed Claimant’s reputation, and practically drove it to bankruptcy. Claimant’s claim is valued USD 10M.

The arbitration clause contained in the Parties’ subcontract provides for the resolution of the dispute by an arbitral tribunal (3 arbitrators) in accordance with the Rules of Arbitration of the International Chamber of Commerce. The language is English and the seat is Geneva.

Open to having an individual third-party funder fund the entirety of the case.

Username

desertcase

Country Where Your Dispute Is Located

Switzerland

How Much Litigation Funding Do You Want To Raise?

$700,000.00

Headline For Your Litigation Crowdfunding Campaign

Sizeable client refusing to resolve change orders and refusing to pay dues

Description Of Your Legal Dispute

Defendant contracts with wealthy and stable Middle Eastern government for supply and installation of specialized equipment in their airports. The contract is a “Main Contract” signed in 2012. Defendant enters into a subcontract with Claimant in 2012 according to which Claimant is to perform some of the works required by the Main Contract. The subcontract price is approximately USD 3M and the Works concern the production of a steel structure. Defendant is therefore Claimant’s client and obliged to pay for the Works executed by Claimant under the subcontract and the works execution beyond the scope of the subcontract mandated by Defendant (“Variations” to the subcontract). However, Defendant refused to pay USD 2.5M of variations executed by Claimant, harmed Claimant’s reputation, and practically drove it to bankruptcy. Claimant’s claim is valued USD 10M. The arbitration clause contained in the Parties’ subcontract provides for the resolution of the dispute by an arbitral tribunal (3 arbitrators) in accordance with the Rules of Arbitration of the International Chamber of Commerce. The language is English and the seat is Geneva. Open to having an individual third-party funder fund the entirety of the case.”

Featured Image For Your Litigation Funding Campaign

End Date Of Your Litigation Crowdfunding Campaign

2016-02-27

How Much Compensation Can You Receive If Your Case Wins?

$10,000,000.00

Percentage Of Future Potential Compensation You Are Offering As A Reward (Contingent Fee)

32.5

AUTOMATIC CALCULATIONS

Estimated Returns Of Investors Per Dollar Funded

$4.64

Estimated Total Reward Offered

$3,250,000.00

Do You Already Have A Lawyer?

I need a lawyer

Role

Litigant

 

Sizeable client refusing to resolve change orders and refusing to pay dues