Noel Matthews

Senior Managing Director

Share this page

Noel Matthews is a Senior Managing Director at FTI Consulting based in the London office. He has provided financial and economic consulting advice to clients for over seventeen years. His experience includes financial advice in the context of disputes, valuation, intellectual property, economic regulation and corporate strategy.

Noel specialises in expert financial advice in international arbitration and domestic litigation. Typically, this involves the quantification of lost profits, business valuation, assessments of wasted costs, intellectual property, or advice relating to accounting matters.

Noel has been appointed as expert witness and prepared reports in matters before arbitral tribunals and the UK’s High Court, and given testimony as an expert witness before an ICC arbitral tribunal. During the course of his career he has assisted in the preparation of expert reports in over 60 matters. Noel’s experience includes the preparation of reports for submission to the UK Courts, as well as to ICC, ICSID, DIAC, LCIA, and CAS tribunals, and tribunals convened under UNCITRAL rules. He has also assisted in the preparation of reports for government departments, other national courts, tax authorities, and competition and regulatory bodies.

Noel is certified as an expert witness by Cardiff Law School, having completed the assessments of the Cardiff University Law School Bond Solon Expert Witness Scheme. He regularly provides training to law firms on issues associated with the quantification of economic losses.

Noel is a graduate of the University of Warwick and a Fellow of the Institute of Chartered Accountants.



200 Aldersgate
Aldersgate Street
London, EC1A 4HD
United Kingdom

T: +44 20 3727 1000
F: +44 20 3727 1007

Noel has done a superb job on this project. His depth of knowledge, manner with the client, responsiveness, and work product have been excellent.



Article – The Use, and Misuse, of Hindsight in Damages Calculations

The date at which economic losses are assessed can significantly affect the amount of damages awarded to claimants. There is much discourse as to whether losses should be assessed at the date of the alleged wrongful act, or at the date of an award, as a matter of customary international law. However, there is less commentary on the practical challenges in assessing losses at either date. In this article we consider those challenges.

Read more

Article – Treaty Arbitration: Unpacking the Discount Rate – Part I

A common question faced by tribunals in international arbitration is “what is the value of a business or asset that has been expropriated?” Expert evidence is generally submitted on behalf of both the investor and the state and often the two experts arrive at very different conclusions.

Read more

Article – Treaty Arbitration: Unpacking the Discount Rate – Part II

This is the second of two articles that discuss the use of discount rates in assessing losses in international arbitration. In this article, we explore how “country risk” can affect the value of investments and the approaches taken to incorporate this risk in damages calculations in international arbitration.

Read more

Article – Valuation in International Arbitration

The value of a business or other asset depends on the expected future benefits from holding that asset and the uncertainty associated with those benefits. An expert valuer must often form an opinion on value based on their assessment of future benefits and uncertainty at a given date.

Read more