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Mr. Lapuerta is an expert in economic analysis and financial valuation, which he frequently applies to estimate damages in international arbitration proceedings.

Mr. Lapuerta has served as an expert witness in international arbitration proceedings, including many disputes between investors and sovereign states over the alleged breach of bilateral investment treaties. He offers particular experience in the analysis of investments and contracts in the energy sector, and has provided testimony in several arbitration proceedings concerning the prices in long-term energy contracts. Within the energy sector, his work has covered natural gas, coal, electricity and oil.

Mr. Lapuerta also offers extensive experience with the analysis of competition, including the development of competition in markets subject to liberalization and deregulation, allegations of anti-competitive conduct such as price fixing, and the competitive impacts of proposed mergers. His work on competition has been primarily in the energy sector and the financial services sector.

Mr. Lapuerta speaks fluent Spanish, French, and Italian.

Publications
Article
Damages in Competition/Antitrust Arbitrations
November 22, 2016
Published in Global Arbitration Review’s (GAR) Guide to Damages in International Arbitration
Report
Gas market integration via implicit allocation: Feasibility from the North-West European gas market perspective
April 23, 2012
Prepared for NMa
Article
Towards Non-binding Guidance for Courts: The Oxera Report and the Quantification of Antitrust Damages
September 2010
Published in Journal of European Competition Law & Practice
Report
The Costs of Moving to a Perfect World: Forced Ownership Unbundling in the Natural Gas and Electricity Sectors
September 2007
Published by The Brattle Group, Ltd
Report
A Review of TenneT's Connections Policy
July 2007
Published by The Brattle Group, Ltd
Article
Assessing Value of Middle East LNG in Atlantic Basin Markets
May 2007
Morten Frisch and Carlos Lapuerta
Published in LNG Journal
Report
The Benefits of Multiple Ownership Models in Law Services
July 2005
Published by The Brattle Group, Ltd
Presentation
The Advent of U.S. Gas Demand Destruction and its Likely Consequences for the Pricing of Future European Gas Supplied
March 16, 2005
Paul R. Carpenter, Carlos Lapuerta, and Morten Frisch
Presented at the GASTECH 2005 Conference, Bilbao, Spain
Presentation
Arabian Gulf LNG in North West Europe: Managing Risks
February 28, 2005
Carlos Lapuerta and Morten Frisch
Presented at the Fifth Doha Conference on Natural Gas: Stretching Frontiers, Doha, Quatar
Report
Long-Term Reserve Contracts in the Netherlands
June 2004
Published by The Brattle Group, Ltd
Report
The Cost of Capital for the Nor-Ned Cable
June 2004
Published by The Brattle Group, Ltd
Report
Study to Assess the Potential Impact of Proposed Amendments to Council Regulation 2299/89 with Regard to Computerised Reservation Systems
October 2003
Carlos Lapuerta, Boaz Moselle, James D. Reitzes, Dorothy Robyn, Erica Carere, Mark Armstrong, John Cook, and Stephen Dolan
Published by The Brattle Group Ltd and Norton Rose
Report
Wholesale Gas Competition in the Netherlands and Implications for Phase III Customers
June 2003
Published by The Brattle Group, Ltd
Report
Appendix 2: Does Daily Balancing Threaten Security of Supply on the NTS, in The Gas Trading Arrangements Reform of the Gas Balancing Regime: Next Steps
April 2003
Prepared for Ofgem
Report
The Development of a Spot Market Exchange Infrastructure for Belgium
February 2003
Dan Harris, Boaz Moselle, and Carlos Lapuerta
Prepared for The Amsterdam Power Exchange (APX)
Report
Recommendations for the Dutch Electricity Market
November 2001
Carlos Lapuerta, Boaz Moselle, and Erica Carere
Published by The Brattle Group, Ltd
Presentation
Gas Forum Europe — Regulation & Transmission
2001
Presented at the European Platform for Energy Trading in Milan, Italy
Report
Methodologies for Establishing National and Cross-Border Systems of Pricing of Access to the Gas System in Europe
February 17, 2000
Paul R. Carpenter, Carlos Lapuerta, and Boaz Moselle
Prepared for the European Commission
Article
Promoting Effective Competition Through Interconnection Policy
March 1999
Published in Telecommunications Policy
Article
Network Industries, Third Party Access and Competition Law in the European Union
1999
Carlos Lapuerta and Boaz Moselle
Published in Northwestern Journal of International Law & Business
Report
A Report on Generator Market Power in the Electricity Market of England and Wales
November 1997
Presented before The Office of Electricity Regulation in the United Kingdom
Article
Railroad and Telecommunications Provide Prior Experience in 'Negotiated Rates'
July 1997
Published in Natural Gas
Report
Basic and Enhanced Services for Recourse and Negotiated Rates in the Natural Gas Pipeline Industry, Filed on behalf of Columbia Gas Transmission Corporation and Columbia Gulf Transmission Company, in its Comments on Negotiated Rates and Terms of Service, FERC Docket No. RM96-7
May 29, 1996
Published by The Brattle Group, Inc.
Article
The Economics of Pricing Network Interconnection: Theory and Application to the Market for Telecommunications in New Zealand
1996
Published in Yale Journal on Regulation
Article
Faulty Analysis Underlies Claims of Excess Card Profits
1995
Published in American Banker
Presentation
Valuing the Big Case
1995
Presented to the Committee on Civil Practice and Procedure Section of Antitrust Law American Bar Association
Presentation
Strategic Analysis of Litigation: Structuring Your Analysis to Improve Decision in Complex Litigation
1994
Presented to the American Bar Association Section of Business Law Annual Meeting
Article
Controlling Costs and Improving Performance: Strategic Analysis of Litigation
1994
Gayle S. Koch, Carlos Lapuerta, Kenneth T. Wise, and Vincent Gallogly
Published in ACCA Docket
News & Events
July 31, 2018
Who's Who Legal Identifies Brattle Economists as World's Leading Experts in Consulting

Who’s Who Legal recognized twelve Brattle economists as leading economic consulting experts in the areas of competition, construction, financial advisory and valuation, quantum of damages, and data and e-discovery.

June 27, 2018
Cliente de Brattle Antin consigue un laudo favorable de 112 millones de euros

El Centro Internacional de Arreglo de Diferencias Relativas a Inversiones (Ciadi), organismo dependiente del Banco Mundial, ha fallado en favor de Antin Infrastructure Services Luxemburg y Antin Energia Termosolar BV (Antin) y ha condenado al Estado español (España) al pago de una indemnización de 112 millones de euros, más un interés mensual compuesto del 2,07%.

June 27, 2018
Brattle Client Antin Receives 112 Million EUR Arbitration Award

Brattle Client Antin Infrastructure Services Luxemburg (Antin) was recently awarded 112 million EUR by the International Centre for Settlement of Investment Disputes (ICSID) in their arbitration proceeding against the Kingdom of Spain (Spain) for the removal of economic incentives in Spain’s renewable energy products.

June 21, 2018
Brattle Client Masdar Awarded 64.5 Million EUR in Arbitration Award

A tribunal for the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) recently ruled that The Kingdom of Spain (Spain) must pay Masdar, Abu Dhabi’s leading clean energy company, 64.5 Million EUR plus interest for loss of earnings caused by the country’s policy changes.

March 12, 2018
Brattle Client Naftogaz Awarded $2.56 Billion in Arbitration Victory Against Gazprom

The Arbitration Institute of the Stockholm Chamber of Commerce ruled that Russia’s Gazprom must pay Ukraine’s Naftogaz $2.56 billion, ending two commercial arbitrations that have lasted nearly four years.

January 09, 2018
Brattle Client Naftogaz Successful in Securing Set-Aside of Take-or-Pay Claims in Arbitration over Gazprom Contract

The Brattle Group’s client Naftogaz, the national oil and gas company of Ukraine, was successful in securing the set-aside of take-or-pay claims in the arbitration over their gas supply contact with Russia’s Gazprom.

December 05, 2017
Six Brattle Principals Recognized as Top Expert Witnesses in Arbitration by Who's Who Legal

The Brattle Group is pleased to announce that Principals Richard Caldwell, Darrell Chodorow, Dan Harris, Carlos Lapuerta, Alexis Maniatis, and Stewart Myers have been named among the world’s top arbitration expert witnesses by Who’s Who Legal.

June 16, 2017
Brattle Congratulates Client Naftogaz on Set-Aside of Take-or-Pay Claims in Arbitration over Gazprom Contract

The Brattle Group congratulates our client Naftogaz, the national oil and gas company of Ukraine, in the successful set-aside of take-or-pay claims in the arbitration over their gas supply contact with Russia’s Gazprom.

May 07, 2017
Brattle Economists Provide Testimony on Behalf of Solar Investors in Spain Resulting in €128 Million Award

Spain has lost the first of the international arbitration claims under the Energy Charter Treaty, arising from the application to thermal solar investors of certain changes to the Spanish regulatory framework for renewable installations. The International Centre for the Settlement of Investment Disputes (ICSID) has rendered an €128 award in favor of the British-based Eiser Infrastructure Limited and its affiliate Energia Solar Luxembourg S.à r.I., which own three 50 MW thermo-solar power plants in Spain, ASTEXOL-2, ASTE 1A, and ASTE 1B.

April 26, 2017
Brattle Listed as Leading International Arbitration Expert Witness Provider by Global Arbitration Review

Global Arbitration Review (GAR), a leading resource on international arbitration news and intelligence, named The Brattle Group as one of the most active firms in expert witness services in the field of international arbitration.

November 22, 2016
Brattle Economists Co-Author Article for Global Arbitration Review on Damages in Competition and Antitrust Arbitrations

Brattle Principals Carlos Lapuerta and Richard Caldwell have co-authored an article published in Global Arbitration Review’s (GAR) Guide to Damages in International Arbitration that addresses issues relevant to the calculation of damages from competition claims.

March 07, 2016
The Brattle Group Featured Among Leading International Arbitration Expert Witness Providers in Survey by Global Arbitration Review

The Brattle Group has been featured in a recent Global Arbitration Review (GAR) analysis of the most active firms for providing expert witness services in the field of international arbitration.

January 27, 2016
Four Brattle Principals Recognized as Leading Arbitration Witnesses by Who’s Who Legal Arbitration 2016: Expert Witnesses Analysis

The Brattle Group is pleased to announce that Principals Carlos Lapuerta, Alexis Maniatis, Stewart Myers, and José Antonio Garcia have been named among the world’s leading arbitration experts in Who’s Who Legal Arbitration 2016: Expert Witnesses Analysis.

November 13, 2014
Brattle Principals Recognized as Leading Arbitration Witnesses by Global Arbitration Review’s Who’s Who Legal

Four Brattle principals have been recognized as among the world’s top international arbitration experts by Global Arbitration Review in their annual survey, Who’s Who Legal: Arbitration.