Case Research
Free Special Situations Research focusing on Legal Cases (ICSID, UNCITRAL etc). We like: mispricing, asymmetry, aligned incentives, and simplicity. Subscribe for more!
| Platform |  | Pricing | Freemium | Publishes | Daily |
|---|---|---|---|---|---|
| Issues | 105 | Founded | a year ago | Last Issue | 6 days ago |
| Active | |||||
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caseresearch.substack.comLatest Issues
Almaden Update - Notice: 19th May 2026 Updated Procedural Order
Takeaway: Almaden Minerals filed the long-awaited reply on Merits on the 19th. Notice showed up today, along with an updated procedural order.
Almaden’s Reply on the Merits
The written part of ICSID proceedings consists of two rounds of...
Panthera Update - VSA Interview
If you’ve already caught the interview from about 20 minutes ago, there’s no point reading this.
I just saw an interview with Mark Bolton (Panthera CEO) and VSA Capital, who I believe are paid coverage (disclosure). This is all the stu...
International Arbitration Focus, Trifurcation Rejection, Equity-Linked Comp, and Management Additions
Date: 15/05/2026
Before I get into the update, if you have not already familiarised yourself with the actual legal case and it’s merits, see our writeup:
Authorship date: 24th Feb
Procedural Development
Trifurcation ruling
O...
To Mining and Energy Analysts
Mining or Energy Analyst? Get in touch
I have a SOTP I have a lot of conviction in, but only understand a third of it. The legal asset alone covers the market cap fivefold — probability-weighted. Everything else is optionality, which is wh...
Zenith Energy: Admitted Corruption, and a Firing
As we all have heard, whether it be for Andrea’s interviews or endless tweets, or even my analysis, Zenith Energy had their ICSID hearing last week, regarding their $580mn claim (their ICC claims bundled, with some additions).
Now, as ICS...
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Director at Case Partners - Legal Special Situations
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