Portrait of Dr Min Shi, CFA

Dr Min Shi, CFA : Partner

Dr Min Shi leads an excellent team. She is unflappable, extremely intelligent and very easy to work with.

Quinn Emmanuel

Min is an expert in the fields of financial valuation and damages quantification. She has submitted more than 70 expert reports, and testified more than a dozen times regarding the valuation of assets and quantum of damages in commercial litigation and international arbitration cases. She has testified in the High Court of Justice in London, the Royal Court in Jersey, and the Intermediate People’s Court of Nanjing Municipality in China. She has also testified before ICC-, LCIA-, SCAI- and UNCITRAL-administered arbitrations in London, Paris and Zurich. Min is a member of Oxera’s Governing Board.

Before joining Oxera in 2010, Min worked in the finance practice of Charles River Associates, a global economics consultancy firm based in the USA, where she mainly performed valuation work in the context of securities class action lawsuits and bankruptcy cases.

Min is an Associate Fellow at the Saïd Business School, University of Oxford, where she gives guest lectures on valuation-related topics to MBA and EMBA students. She was previously a Lecturer in Economics at The Queen’s College, University of Oxford (2010–11), and Assistant Professor of Finance at the Business School of the University of Wisconsin–Madison (2001–05).

She is listed as a Thought Leader in Who’s Who Legal—Litigation, Arbitration, and Quantum of Damages (https://whoswholegal.com/min-shi). Min is the winner of the Arbitration Expert Witness of the Year award in the UK—2021, and the winner of the Client Choice Award for Arbitration Expert Witness in 2020 and 2022. Testimonials from her clients include the following:

‘Min is rigorous and perceptive in her analysis; she maintains a keen understanding of the commercial imperatives in play.’

‘She has been the expert whose evidence and, most particularly, ability to deal with hostile cross-examination, has impressed me.’

‘She is calm and collected and she puts the tribunal at ease.’

‘Min is excellent; she is one of the best expert witnesses in her jurisdiction.’

‘Min is highly responsive and hard-working; her work product is of an excellent quality.’

‘Min has incredible attention to detail.’

‘Excellent at analysing financial, economic issues and related accounting issues.’

Min speaks Chinese, and English.

Tel: +44 (0) 1865 253094

Min's specialisms include:

expert experience

  • Submitted two Expert Reports to a tribunal in an LCIA-administered arbitration in London in relation to the losses suffered by a master franchisee due to the alleged breach by the master franchisor (2022–23)

  • Submitted a Joint Expert Statement to the High Court of Justice in London (Claim Numbers: HT-2021-000495 and HT-2022-000037 ) regarding the alleged damages suffered by Qatar Airways due to alleged breaches by Airbus (2022–23)

  • Submitted two Expert Reports to a tribunal in an ICSID arbitration (ICSID Case No. ARB/19/22) in relation to the losses suffered by a global mining company due to alleged breaches of a bilateral investment treaty (2022–23)

  • Submitted two Expert Reports to, and testified in Paris in front of, a tribunal in an ICSID arbitration (ICSID Case No. ARB/16/29) in relation to the losses claimed by an EPC contractor due to alleged breaches of contract (2021–22)

  • Submitted an Expert Report to a tribunal in an HKIAC arbitration in relation to the losses suffered by joint venture partners in relation to a cryptocurrency exchange (2022)

  • Submitted two Expert Reports to a tribunal in an ICC-administered arbitration in relation to the losses suffered by a Mexican company in the food protein industry (2021–22)


  • Shi, M., Khalil, M. and Gupta, S. (2021), ‘How to Quantify Damages in Covid-19 Related Disputes’, Global Arbitration Review – The Guide to Damages in International Arbitration, Fourth edition.

  • Khalil, M., Ralston, H. and Shi, M. (2020), ‘Calculating the cover charge: business interruption insurance and COVID-19’, Agenda, May.

  • Khalil, M. and Shi, M. (2020), ‘COVID-19 and damages quantification: key challenges for the post-pandemic world’, Agenda, May.

  • Shi, M. (2018), ‘The curious case of the valueless valuation—the Signia Wealth v Vector Trustees ruling’, Agenda, May.

  • Niels, G., Noble, R. and Shi, M. (2014), ‘Economic experts on trial: Can courts rely on the evidence?’, Global Competition Review, 14 April.

  • Griffin, J., Shi, M. and Cox, R. (2011), ‘Securities Damages’, chapter 10 in K. Boushie, C. Spadea and Cunniff, M. (eds), Calculating and Providing Damages, Law Journal Press.


  • PhD Economics, Harvard University, USA

  • MA Economics, Harvard University, USA

  • BA International Economics, Beijing University, China

  • Min Shi is a CFA® charterholder

Latest Insights:  Dr Min Shi

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