Jochen Benz
Office:
Thierschplatz 6
80538
City:
Munich
Country:
Germany
Tel:
+49 89 710 40 60 44
Fax:
+49 89 710 40 60 1

Questions and Answers:

Who's Who Legal Thought Leaders - Arbitration

Jochen Benz was born on 27 June 1973 and lives with his husband in Cologne. He is a managing director at Alvarez & Marsal and heads the firm’s economics and investigations practice in Germany. He brings more than 18 years of experience in forensic accounting and forensic economics. His primary areas of concentration include competition disputes and complex damage calculations, as well as forensic investigations. As both an economist and theoretical physicist by training, he is a seasoned expert in the application of mathematical-statistical methods in litigation.

DESCRIBE YOUR CAREER TO DATE.

In some ways, careers seem to happen to people – at least it did to me. My former mentor once said to me I should not care about promotions but make sure that I like what I do, be good at it and find the right people to learn from... and that is what I have always done. At least, with hindsight, it is as easy as that.

WHAT ATTRACTED YOU TO DISPUTES WORK?

It’s probably the only space outside university where I could apply what I know with a high level of sophistication. Expert reports only withstand scrutiny if the expert understands the issues at hand and deploys the economic toolkit that best suits the case.

WHAT QUALITIES MAKE FOR A GOOD EXPERT WITNESS?

Having strong opinions based on work that was done before, thus ensuring the expert thoroughly knows the case from front to back, obviously helps. A good expert should also never forget that their aim is to help the tribunal understand the economic questions at hand to reach the right conclusions.

HOW WOULD YOU SAY THE ROLE OF AN EXPERT WITNESS IN ARBITRAL PROCEEDINGS HAS DEVELOPED OVER THE COURSE OF YOUR CAREER?

I would say that over time, the role has become more integral to proceedings since the questions that need to be addressed by the expert have become more complex and integrated into the overall dispute. But I have always focused on cases where matters got pretty nerdy (ie, mathematical), hence that impression might also just be me.

WHICH INDUSTRIES ARE PARTICULARLY ACTIVE FOR ARBITRATION WORK AT THE MOMENT AND WHY?

As a rule of thumb, arguments arise when the numbers are big and reality is far from expectations. This is particularly true for areas that are relatively new, for example, switches in the energy mix and construction of large renewable energy sites. Another area is a tendency for “country-first politics” in many parts of the world that are to the detriment of foreign investors and hence lead to investment arbitration.

WHAT HAS BEEN THE MOST MEMORABLE MATTER YOU HAVE WORKED ON?

There is not one case that I could single out. Foremost what drives me in all cases is to completely understand the case and to figure out what is important and what is not. In some ways, the best case is always the next case. Goethe once said that whenever you look at things, there is something interesting to discover. 

WHAT ARE THE BIGGEST CHALLENGES CURRENTLY FACING EXPERTS IN THE DISPUTES AREA?

Coping with the complexity of today’s world. Information is available in abundance, albeit not always useful data. Separating the wheat from the chaff is a bigger challenge than it used to be. There is also the perennial challenge of getting your point across in a clear and understandable manner, regardless of the technicalities or complexities.

WHAT ADVICE WOULD YOU GIVE TO YOUNGER EXPERTS WHO ONE DAY HOPE TO BE IN YOUR POSITION?

Firstly, never let pressure or money compromise your opinion. Secondly, be smart and take no shortcuts, because others will recognise this and identify any weakness in your line of argument. Simplicity is fine, though. The litmus test is ultimately what Einstein once said: if you can’t explain it simply, you don’t understand it well enough.

Biographies:

Who's Who Legal Germany - Arbitration Expert Witnesses

Jochen Benz, head of Alvarez & Marsal’s German economics and forensic practice, is a managing director based in Munich and Frankfurt. Jochen is a competition economist and a theoretical physicist by training, and he specialises in disputes requiring complex damage calculations and the application of quantitative and econometric techniques. His primary focus is on financial and economic expert roles in litigation, arbitration and out-of-court settlements with a focus on competition and commercial disputes.

Jochen has acted as party-appointed expert in state court litigation with a particular focus on follow-on claims (ie, cartel overcharges and pass-through rates to downstream customers). He has also served as party and tribunal appointed financial and economic expert in international arbitration proceedings mainly under DIS and ICC rules. Throughout his career Jochen has focused on complex damage quantifications that required, for example, a deep understanding of mathematical and econometric methods.

Jochen has worked with clients across a wide range of industries, including banking, telecom, automotive, construction, manufacturing, energy, logistics, wholesaling, media and private equity. A German national, Jochen is fluent in German and English and proficient in Spanish. Jochen has issued reports and testified in both languages. Jochen earned diplomas, with distinction, in economics, business administration and theoretical physics. He is a member of the German Institution of Arbitration (DIS) and of the Munich Forum for Cartel Law (Münchner Kartellrechtsforum).

WWL says: Jochen Benz is a specialist when it comes to complex damages disputes, and is a firm favourite among clients who value his “diligent approach”.

This biography is an extract from Who's Who Legal: Germany which can be purchased from our Shop.

Who's Who Legal Arbitration: Expert Witnesses

Jochen Benz, head of Alvarez & Marsal’s German economics and forensic practice, is a managing director based in Munich and Frankfurt. Jochen is a competition economist and a theoretical physicist by training and he specialises in disputes requiring complex damage calculations and the application of quantitative and econometric techniques. His primary focus is on financial and economic expert roles in litigation, arbitration and out-of-court settlements with a focus on competition and commercial disputes.

Jochen has acted as party-appointed expert in state court litigation with a particular focus on follow-on claims, ie, cartel overcharges and pass-through rates to downstream customers. He has also served as party and tribunal appointed financial and economic expert in international arbitration proceedings, mainly under DIS and ICC rules. Throughout his career Jochen has focused on complex damage quantifications that required, for example, a deep understanding of mathematical and econometric methods.

Jochen has worked with clients across a wide range of industries, including banking, telecom, automotive, construction, manufacturing, energy, logistics, wholesaling, media and private equity. A German national, Jochen is fluent in German and English and proficient in Spanish. Jochen has issued reports and testified in both languages. Jochen earned diplomas, with distinction, in economics, business administration and theoretical physics. He is a member of the German Institution of Arbitration and the Munich Forum for Cartel Law.

WWL says: Jochen Benz is fantastic when it comes to handling financial and economic issues and is recognised for his leading testimony in cartel and follow-on damages claims.

This biography is an extract from Who's Who Legal: Arbitration which can be purchased from our Shop.

Who's Who Legal Germany - Competition Economists

Jochen Benz, head of Alvarez & Marsal’s German economics and forensic practice, is a managing director based in Munich and Frankfurt. Jochen is a competition economist and a theoretical physicist by training, and he specialises in disputes requiring complex damage calculations and the application of quantitative and econometric techniques. His primary focus is on financial and economic expert roles in litigation, arbitration and out-of-court settlements with a focus on competition and commercial disputes.

Jochen has acted as party-appointed expert in state court litigation with a particular focus on follow-on claims (ie, cartel overcharges and pass-through rates to downstream customers). He has also served as party and tribunal appointed financial and economic expert in international arbitration proceedings mainly under DIS and ICC rules. Throughout his career Jochen has focused on complex damage quantifications that required, for example, a deep understanding of mathematical and econometric methods.

Jochen has worked with clients across a wide range of industries, including banking, telecom, automotive, construction, manufacturing, energy, logistics, wholesaling, media and private equity. A German national, Jochen is fluent in German and English and proficient in Spanish. Jochen has issued reports and testified in both languages. Jochen earned diplomas, with distinction, in economics, business administration and theoretical physics. He is a member of the German Institution of Arbitration (DIS) and of the Munich Forum for Cartel Law (Münchner Kartellrechtsforum).

WWL says: Jochen Benz is the go-to practitioner for complex damages calculations and is widely regarded for his razor-sharp intellect.

This biography is an extract from Who's Who Legal: Germany which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Economic Consulting - Quantum of Damages

Jochen Benz, head of Alvarez & Marsal’s German economics and forensic practice, is a managing director based in Munich and Frankfurt. Jochen is a competition economist and a theoretical physicist by training and he specialises in disputes requiring complex damage calculations and the application of quantitative and econometric techniques. His primary focus is on financial and economic expert roles in litigation, arbitration and out-of-court settlements with a focus on competition and commercial disputes.

Jochen has acted as party-appointed expert in state court litigation with a particular focus on follow-on claims, (ie, cartel overcharges and pass-through rates to downstream customers). He has also served as party and tribunal appointed financial and economic expert in international arbitration proceedings mainly under DIS and ICC rules. Throughout his career Jochen has focused on complex damage quantifications that required for example a deep understanding of mathematical and econometric methods.  

Jochen has worked with clients across a wide range of industries, including banking, telecom, automotive, construction, manufacturing, energy, logistics, wholesaling, media and private equity. A German national, Jochen is fluent in German and English and proficient in Spanish. Jochen has issued reports and testified in both languages. Jochen earned diplomas, with distinction, in economics, business administration and theoretical physics. He is a member of the German Institution of Arbitration and the Munich Forum for Cartel Law.

WWL says: Jochen Benz impresses market commentators with his profound expertise in sophisticated damages analysis.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

Who's Who Legal Consulting Experts: Economic Consulting - Competition Economists

Jochen Benz, head of Alvarez & Marsal’s German economics and forensic practice, is a managing director based in Munich and Frankfurt. Jochen is a competition economist and a theoretical physicist by training and he specialises in disputes requiring complex damage calculations and the application of quantitative and econometric techniques. His primary focus is on financial and economic expert roles in litigation, arbitration and out-of-court settlements with a focus on competition and commercial disputes.

Jochen has acted as party-appointed expert in state court litigation with a particular focus on follow-on claims, ie, cartel overcharges and pass-through rates to downstream customers. He has also served as party and tribunal appointed financial and economic expert in international arbitration proceedings mainly under DIS and ICC rules. Throughout his career Jochen has focused on complex damage quantifications that required, for example, a deep understanding of mathematical and econometric methods.  

Jochen has worked with clients across a wide range of industries, including banking, telecom, automotive, construction, manufacturing, energy, logistics, wholesaling, media and private equity. A German national, Jochen is fluent in German and English and proficient in Spanish. Jochen has issued reports and testified in both languages. Jochen earned diplomas, with distinction, in economics, business administration and theoretical physics. He is a member of the German Institution of Arbitration and the Munich Forum for Cartel Law.

WWL says: Jochen Benz is a disputes specialist known for his role as an economic expert in competition-related arbitration and litigation, notably in follow-on damages claims.

This biography is an extract from Who's Who Legal: Consulting Experts which can be purchased from our Shop.

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