Paul Reynolds

M: +44 7939 054 258
T: +44 20 3908 7013

Paul is Director at CEG Europe, based in the London office. He is an expert in the economics of competition law, regulation and damages, with more than 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. He has been selected by peers for inclusion in Euromoney’s Guide to Competition and Antitrust experts.

His litigation advice includes proceedings between Sainsbury’s and MasterCard relating to credit card fees; between Vivendi and Deutsche in relation to ownership of a Polish mobile operator; an expropriation case concerning an electricity network in southeast Europe; and other competition damages cases in the Czech Republic, Ireland, New Zealand and the UK. The UK Competition Appeal Tribunal’s Sainsbury’s /MasterCard judgment 2016 commented "Mr Reynolds was a most impressive expert witness.”

Paul has also provided economic analysis inputs to several major mergers including Procter & Gamble/Gillette, HP/Compaq, Foxtel’s acquisition of Austar, T-Mobile Austria’s acquisition of tele.ring and Sonaecom’s proposed acquisition of Portugal Telecom.

Paul’s sector expertise is in electronic communications; he has analysed the development of competition in fixed, mobile and broadcasting markets in court and regulatory proceedings. He has prepared several reports for the GSM Association on both spectrum management and on more general regulatory issues. Paul has also advised regulators and operators on spectrum auctions and 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 has also advised on competition and regulatory issues in energy and financial markets.

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.