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.

Min is an expert in the fields of financial valuation and damages quantification. She has submitted more than 100 expert reports, and testified about 30 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-, PCA-, SCAI-, SCC- 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 Global Elite Thought Leader in the Lexology Index for Arbitration and a Thought Leader for Commercial Litigation, and a Recommended Expert for Energy and Consulting experts—Quantum of Damages. Min was the winner of the Client Choice Award for Arbitration Expert Witness in 2020 and 2022. In 2025 and 2026, Min was also named as one of the ten Exceptional Experts in international arbitration by Financier Worldwide Magazine. Testimonials from her clients include the following:

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

‘Min is one of the best experts I have ever worked with’

‘She works seamlessly with the legal team and our clients’

‘Min produces work of the highest quality’

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

‘She has been the expert whose evidence and, most particularly, ability todeal 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 speaks English, and Chinese.

Tel: +44 (0) 1865 253094

Min's specialisms include:

Selected
expert experience

  • Submitted an Expert Report to a tribunal in an ICC-administered arbitration regarding the alleged damages suffered by an OEM due to the alleged breaches by one of the suppliers (2026‒)

  • Submitted an Expert Report to a tribunal in an SCC-administered arbitration regarding the losses suffered by an energy company as the seller of an M&A transaction (2025‒)

  • Submitted two Expert Reports a Joint Experts’ Statement to, and testified before, a tribunal in an LCIA-administered arbitration in relation to the alleged damages suffered by the buyer in a post M&A dispute with the seller in the medical suppliers sector (2025‒)

  • Submitted two Expert Reports to a tribunal in an ICSID arbitration (ICSID case number: ARB/21/50) in relation to the losses claimed by a cement manufacturer due to the alleged breach of the relevant BITs (2023‒)

  • Submitted an Expert Report and a Joint Experts’ Statement to the Court of Session in Edinburgh regarding the losses suffered by a city council in relation to a transport network due to the alleged negligence of a service provider(2025‒26)

  • Submitted an Advice Letter on behalf of insurance companies to a consultation by the government of Guernsey in relation to the appropriate discount rates in personal injury cases (2025)

Selected
publications

  • Shi, M. and Zhou, Y. (2025), ‘Company valuation in post-M&A disputes’, Agenda, March.

  • 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, 31 May.

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

Qualifications

  • PhD Economics, Harvard University, USA

  • MA Economics, Harvard University, USA

  • BA International Economics, Beijing University, China

  • Min is a CFA® charterholder since 2008

Latest Insights:  Dr Min Shi

7 minute read
Post-merger and acquisition (‘post-M&A’) disputes can take many different forms, such as breach of representations and warranties, fraud and misrepresentation claims, and post-completion breach of contractual obligations. This article discusses…
8 minute read
The COVID-19 pandemic has caused large-scale disruptions to the global economy. One consequence is the emergence of commercial disputes following terminations or breaches of contracts during the pandemic. What challenges…
6 minute read
The COVID-19 pandemic has had a major impact on businesses across the world. Many have turned to their insurance providers to claim compensation under their business interruption (BI) insurance. However,…
8 minute read
On 8 May, the High Court in London issued a judgment on the Signia Wealth v Vector Trustees Limited case. Mr Justice Marcus Smith determined that the fair value of…

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