Analysis

Our sole focus is with publicly listed claimants in international arbitrations, and considering the small basket of candidates, this affords us weeks to look at each situation and update as the case progresses, at which point we issue an updated thesis.

Considering each fact links together in scenarios like these, we don’t like to miss anything. We read all available material on the company, and then filter it down, minimising our assumptions in the meantime. We actively avoid misleading existing / prospective investors, and are more concerned with accuracy than creating short term speculation - we do not want a disappointed shareholder base come tribunal award decision.

We realise that us saying this isn’t proof of anything, so, our analysis can be found at ‘Equity Research’ here, or on our Substack.

Distribution

Case Research runs an arbitration-only equity research publication on: Substack (10k views last 30 days, 26.2k last 90), here on the website, LinkedIn, and X. We also ensure our research is received by our network of fund managers / individual investors, who are already heavily involved in arbitrations anyway, largely off our recommendations.

As managers, you will always receive the research before the public, and we welcome any non-misleading edits.

We intend to get the word out to those who understand the stocks fair value, which is highly likely to be our readership, giving us a competitive advantage over larger, non-arbitration, firms - where these small scale, niche situations fall through the cracks. We intend to be the hub for arbitration research, and a prominent go-to source for any work on covered companies. Granted, it’s a very unbeknownst area, which greatly helps us maintain our competitive advantage, and increases the odds that companies we cover are noticed.

Fee

Fees vary depending on the case - the more assumptions we have to make, AKA the higher the chance of us being wrong and damaging our reputation, the generally higher the fees. However, our general philosophy is that you don’t get very far in business by giving bad deals to your counterparty, and we value our reputation above all else. 

Our general fee structure allows a selective mix (your choice) of:
- Cash
- Stock
- % of award / settlement (we feel anything above 1% is too generous, and no award means we forego that fee. We suggest 0.5%)

Note: All combinations must allow for a $10,000 cash fee to keep the lights on, and the rest is up to negotiation.

We appreciate cash can be dry during these cases, so we’re open to negotiation regarding amounts / payment times. We prefer cash as our base (for obvious reasons), but we only write about companies we have faith in, so we happily accept partial stock payment too.