Nathan provided analysis and expert testimony on behalf of S&P Dow Jones Indices (SPDJ), one of the world’s largest financial services firm, in a Singapore International Arbitration Centre (SIAC) seated arbitration relating to its dispute with the Bombay Stock Exchange Ltd (BSE). SPDJ claimed that BSE had unlawfully terminated the joint venture between the two entities in India, and sought specific performance and damages suffered by it as a result of BSE’s action. Nathan conducted analysis to estimate lost profits and loss in terminal value to SPDJ as a result of BSE’s termination of the joint venture, and to rebut the counter-claims made by BSE. Nathan’s Dr. Russ Mangum provided expert testimony at the SIAC arbitration held in Mumbai, India.  The arbitrator, Mr. Andrew Moran QC, from the Arbitration Chambers of Singapore, ruled that BSE’s termination of the joint venture was invalid and awarded SPDJ’s claim for specific performance. Additionally, the arbitrator dismissed BSE’s counter-claims for contractual breaches. Nathan worked with the international arbitration team at Shardul Amarchand Mangaldas & Co, India’s largest law firm, who represented SPDJ.


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