Dr. Dorobantu specializes in business and project valuation and structured finance issues, applied in the context of international arbitration and litigation involving financial institutions and tax matters. He has filed expert testimony before the International Chamber of Commerce Court of Arbitration (ICC), and has provided support for expert testimony in arbitration proceedings before the International Centre for the Settlement of Investment Disputes (ICSID), litigation in U.S. federal courts, state courts, and tax courts, and regulatory proceedings before U.S. public utilities commissions.
He has experience conducting complex discounted cash flow analyses, including building cash flow forecasts, estimating the impact of business and financial risks on cash flows and discount rates, and incorporating the value of real options in the valuation of long-lived assets. Dr. Dorobantu has performed valuation analyses in a variety of industries, including mining, oil and gas, large project engineering and construction, consumer goods, financial services, and business process outsourcing.
Dr. Dorobantu has worked closely with testifying experts on matters involving structured finance and asset backed securities. In litigations stemming from the recent global financial crisis, he analyzed the mark-to-market value of leveraged loans and mortgage-backed securities in disputes between investment funds and major broker dealers, and analyzed the trading strategy of a large hedge fund that collapsed following subprime mortgage-related losses. In tax-related litigations, he evaluated the economic substance of investment strategies involving foreign currency derivatives, cross-border leveraged leases, interest rate swaps and swaptions, and structured promissory notes.
In an international commercial arbitration matter before the ICC, estimated the quantum of damages stemming from the termination of an engineering, procurement, and construction (EPC) contract for the construction of a nuclear power plant.
In an investor-state international arbitration matter, led a team working on the valuation of a large copper and gold mining project.
In a dispute between a hedge fund and a major investment bank concerning margin calls under a total return swap, analyzed the value of a portfolio of leveraged loans in the immediate aftermath of the Lehman Brothers bankruptcy filing.
Duke University, Ph.D. and M.A. in Economics
American University in Bulgaria, B.A. in Economics and Business Administration