
Post-M&A earn-out dispute
Financial modeling

Daniel Reyes is a managing director in the arbitration practice in London, where he leads the firm’s work on corporate transaction disputes. He has been appointed as expert on valuation and quantum in more than thirty arbitrations and High Court proceedings, arising from earn-outs, completion accounts, warranty claims and disputes between shareholders in private companies and joint ventures.
His work spans technology, healthcare, business services and consumer brands. He is known for valuations that trace each input back to the contemporaneous deal documents, and for his treatment of intangible assets such as customer relationships and software. Tribunals have noted the clarity with which he separates the effect of a breach from wider market movements.
Before joining Pemberton & Co. he spent a decade in the M&A advisory team of an investment bank, where he led valuations for acquisitions and disposals in Europe and Latin America. He holds an MBA from INSEAD and a degree in economics from the University of Bristol, and is a Chartered Financial Analyst.
He is ranked for valuation expert witnesses in the legal directories and contributes to a practitioner text on damages in shareholder disputes. He speaks on earn-out and completion accounts disputes at arbitration and corporate law conferences, and runs an annual training session on valuation evidence for junior counsel.

Financial modeling

Business valuation

Valuation