Greig is an experienced financial and accounting expert witness with more than 20 years of experience in resolving disputes involving accounting, valuation, and economic damages. His experience includes breach-of-contract and loss-of-profits claims, expropriations, minority-shareholder and joint-venture disputes, and claims arising following acquisitions and sales of businesses. Greig has testified in numerous international arbitrations under various institutions. He has also provided litigation consulting involving forensic accounting and financial investigations under various accounting and legal protocols.
What motivated you to specialise as an expert in complex damages and valuation cases?
I enjoy solving complex problems and distilling them into their basic components so that they can be easily explained to others. I read modern history at university which provided me with the training and ability to thoroughly research a subject and then write about it. Combined with a qualification in accountancy, it was a natural and logical fit for me.
How has the market changed since you first started practising?
When I first started practising, the first conference I attended discussed issues of time and costs in arbitration, so some things have not changed. On the other hand, there was no discussion about diversity on panels or transparency in proceedings, both positive developments. Additionally, arbitrators have become more numerically literate, which aides a more effective and efficient process, as the issue of damages is no longer relegated to an afterthought at the end of a hearing.
What is it about being an expert witness that you enjoy most?
Every case is different, and so each one is a learning experience. I am privileged to get to work with some of the best and brightest lawyers and colleagues who teach me every day, and it is this sense of teaming which provides the most enjoyment. It can be a stressful job, but, in my experience, with the right attitude and support this can bring the best out of the best people. At the end of the day this is a people business, no matter which side you sit on or which role you play, and so it’s these interactions that I relish.
How does AlixPartners distinguish itself from the competition?
AlixPartners is unique among the professional services firms in that it incorporates a significant enterprise improvement practice, which means that as testifying experts we have immediate access to the world’s preeminent industry experts. This allows us to team effectively on all issues that may impact a damages assessment, and work more closely with our clients to fully understand their issues and the areas in which they operate. Additionally, we bring a combination of skillsets to each problem – accounting, valuation, finance, economics, forensics, and data analytics. This combination allows for diversity in thought and approach, and results in the best answers and results for our clients.
As managing director of AlixPartners in New York, what are your main priorities for the firm’s development over the next five years?
AlixPartners has a long history of providing expertise in international arbitration matters across the globe, and so the development of the New York practice is an obvious addition to the already established strong roster of experts we have. I am honoured to have been afforded the opportunity to build and develop our team here. Our immediate priority in New York is simply to make our clients aware of the capabilities AlixPartners has in this space now. Additionally, we are working toward developing and promoting the next generation of testifying experts, with a focus on diversity. In the 2019 WWL ranking of experts in arbitration, out of the 53 recognised in the US only three are women (it is 25 out of 229 globally). That is a significant imbalance that we as a profession need to urgently address. We have already begun addressing this by hiring a world-class female testifier in our Washington DC practice who focuses in investor-state disputes. She also is a native Spanish speaker which is another priority area of focus for us.
Looking back over your career, what is the most memorable case you have been a part of?
My most memorable case was my first case in which I was the testifying expert, because it was my first time testifying. A wonderful New York attorney took a calculated chance on an untested young expert in a commercial international arbitration concerning the supply of large generators to a South America power plant and complex issues involving the NY Uniform Commercial Code. I ended up opposite a very experienced expert and cross-examined by an aggressive Chicago-based litigation team. I was exceptionally well prepared, knew my materials, knew the other side’s materials, and so the whole process was ultimately very straightforward. The arbitrator awarded damages to the dollar as I had calculated, and my instructing attorney made me promise to be as well prepared for every case going forward as I was for that one – a promise that I have upheld.
What advice would you give to younger experts hoping to one day be in your position?
First and foremost, become and remain an expert in your chosen field of study. Never stop learning, researching, and teaching. Get involved in the arbitral community as much as possible, be it via the “young” networks, Arbitral Women or other industry positions – for example, I am currently the treasurer of the New York International Arbitration Center (NYIAC). It is important to be involved and give back to this close-knit community of practitioners.
Greig Taylor is an “excellent communicator – both in writing and when testifying”, say sources who add he “leaves no stone unturned”.
Greig Taylor is a managing director in AlixPartners’ New York office. His practice specialises in the assessment of damages and related quantum issues, and the provision of expert testimony, in the context of disputes, domestic and international.
Over the past 20 years, Greig has testified and worked on numerous international arbitration matters for both claimants and respondents, under various institutions and instruments, including ICC, ICDR, JCAA, SIAC, ICSID, NAFTA, DIAC, SCC, the Stockholm, Zurich, Nigerian and Brazilian Chambers of Commerce, and ad hoc proceedings under UNCITRAL Rules and various free trade agreements. His primary expertise and experience relates to the identification, quantification and valuation of lost profits, business enterprise value and wasted costs in matters involving alleged expropriation and breach of contract. Greig also assists clients in the preparation of economic determinations of contracts and agreements in contentious and non-contentious settings.
Greig's clients have involved companies and governments from around the globe including the United Kingdom, continental Europe, MENA, Asia, Central America and South America and the United States. The range of Greig's industry experience encompasses hospitality, automotive, upstream oil and gas, aviation, mining, shipping, retail, real estate, financial services, manufacturing, pharmaceuticals and construction.
Greig's experience also includes litigation consulting involving forensic accounting and financial investigations under IFRS, US and UK GAAP, buy-sell disputes, large-scale international acquisitions, and bankruptcy issues. Dispute areas worked on include business interruption claims, post M&A disputes, breach of contract/representations and warranties claims, termination of distribution agreements, renegotiation and harmonisation of international tripartite agreements, and assisting clients with the attachment and collection of awards.
Greig received a BA (Hons) in modern history from the University of Manchester, England, and is a fellow of the Institute of Chartered Accountants of England and Wales.
In 2004–2005, Greig spent 10 months at sea racing a 72-foot yacht around the world.
Greig Taylor is a firm favourite among clients who effuse, “He is definitely one of the top quantum damages experts for international arbitration matters.”
Greig Taylor is a managing director in AlixPartner’s New York office. His practice specialises in the assessment of damages and related quantum issues, and the provision of expert testimony, in the context of disputes, domestic and international.
Greig has testified and worked on numerous international arbitration matters for both claimants and respondents, under various institutions including ICC, ICDR, ICSID, DIAC, JCAA, the Stockholm, Zurich, Nigerian and Brazilian Chambers of Commerce, and ad hoc proceedings under UNCITRAL rules and various free-trade agreements. Greig is listed in WWL: Commercial Arbitration (2014–) as a leading expert witness, and most recently as a 2018 Thought Leader for Arbitration. His primary expertise and experience relates to the identification, quantification and valuation of lost profits, business enterprise value and wasted costs in matters involving alleged expropriation and breach of contract. Greig also assists clients in the preparation of economic determinations of contracts and agreements in contentious and non-contentious settings.
Greig's experience also encompasses large-scale forensic accounting assignments, SEC investigations, and buy-sell disputes. Greig's clients have involved companies and governments from around the globe including the UK, Eastern and continental Europe, MENA, Asia, and Central, South and North America. The range of Greig's industry experience encompasses upstream oil and gas, energy, aviation, mining, shipping, retail, real estate, financial services, manufacturing, pharmaceuticals and construction.
Greig holds a BA (Hons) in modern history from the University of Manchester and is a fellow of the Institute of Chartered Accountants of England and Wales.