Paul Reynolds

M: +44 7939 054 258
T: +44 20 3908 7013
E: preynolds@ceg-europe.com


Paul Reynolds is an expert in the economics of competition law, regulation and damages, with over 20 years’ experience in economic and financial analysis. Paul has assisted companies and lawyers in responding to investigations by national regulatory and competition authorities, the European Commission and in court proceedings and international arbitrations. Paul has had expert testimony accepted by the UK Competition Appeals Tribunal and the Australian Competition Tribunal. Paul has been chosen by peers for inclusion in Euromoney’s Guide to Competition and Antitrust experts.

Paul has advised on a number of litigation cases. These include litigation between Vivendi and Deutsche Telekom in relation to ownership of a Polish mobile operator, an expropriation case concerning an electricity network in southeast Europe and competition damages cases in the Czech Republic, Ireland, New Zealand and the United Kingdom. The UK Competition Appeal Tribunal’s Sainsbury’s / Mastercard judgment 2016 commented “Mr Reynolds was a most impressive expert witness: he obviously knew his subject intimately, and gave his evidence forthrightly and clearly.”

Paul has advised the merging parties on a number of the world’s largest mergers including Procter & Gamble/Gillette, HP/Compaq and T-Mobile/tele.ring as well as advising regulators in relation to merger investigations. Paul has also advised on a range of general competition cases including in relation to alleged margin squeezes, anti-competitive price discrimination, refusal to supply, cartels and state-aid investigations.

Paul has particular expertise in relation to network industries. Paul has analysed the development of competition in fixed, mobile and broadcasting markets in court and regulatory proceedings. Paul has authored a number of reports for the GSM Association on spectrum management issues as well as on more general regulatory issues. Paul has advised regulators and operators on spectrum auctions. Paul also has expertise in the design of regulation and cost modelling. Paul has advised operators on issues raised by communications regulation in Africa, Asia, Australia and Europe.

Paul was previously a partner at Case Associates and has also worked for CRA International, as a director in the telecommunications branch of the Australian Competition & Consumer Commission (ACCC) as well as a senior economist with the Australian Federal Treasury. Paul has a Masters of Commerce (in Economics) with first class honours from the University of Melbourne and a Bachelor of Economics (Hons) from the University of Western Australia.