Expert financial analysis by Mark Berenblut, a Senior Vice President with NERA Economic Consulting, played a key role in helping secure a financial settlement in the case of Tanase and Others V. Romania before the European Court of Human Rights.
On 26 May 2009, the European Court of Human Rights found in favor of the plaintiffs and stipulated a settlement to be paid by the government of Romania.
The case revolved around 24 Romanian nationals of Roma decent who were forced to flee their village of Bolintin Deal after a crowd of over 2,000 non-Roma individuals, including Bolintin public officials, attacked the Roma community and destroyed their homes. Since their expulsion, the Roma families have been unable to return to their village and have not found meaningful work since the attack.
Mr. Berenblut’s team at NERA investigated the economic circumstances of each of the plaintiffs, a challenging process since the expelled plaintiffs did not have available records. This existing data was supplemented with statistics from the National Institute of Statistics of Romania, the National Bank of Romania, and the US Central Intelligence Agency. Using this information, the NERA team determined the past and future income losses of Vasile Tanase and the other Roma families. Mr. Berenblut provided the European Court with his assessment of the economic losses suffered by the families following their exile from Bolintin Deal, Romania.
Mr. Berenblut’s report formed the economic basis for the damages of $877,000 awarded by the European Court of Human Rights.
NERA fosters a corporate environment that supports and encourages its consultants to use their industry skills and expertise to assist with cases that are important to the public at large. The firm is proud of the pro bono work Mr. Berenblut provided on this case and the role he played in assisting the law firm of McCarthy Tétrault and the International Human Rights Program of the University of Toronto in securing this important settlement.
About NERA
NERA Economic Consulting is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For nearly half a century, NERA’s economists have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world’s leading law firms and corporations. We bring academic rigor, objectivity, and real world industry experience to bear on issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA’s clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. With its main office in New York City, NERA serves clients from over 20 offices across North America, Europe, and Asia Pacific.
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