Chris Milburn | Managing Director | FTI Consulting
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Chris Milburn

Chris Milburn, CPA, CMA, CBV

  • Managing Director
  • Economic & Financial Consulting
  • T: +1 416 649 8066
  • F: +1 416 649 8101
Connect with Me:
Office
    • TD South Tower, 79 Wellington Street West
    • Toronto Dominion Centre, Suite 2010, P.O. Box 104
    • Toronto, ON, M5K 1G8
    • Canada
    • T: +1 416 649 8100
    • F: +1 416 649 8101
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Chris Milburn is a Managing Director at FTI Consulting and is based in Toronto. He is a member of FTI Consulting’s International Arbitration practice.

Mr. Milburn has 20 years of experience in the quantification of economic damages and the valuation of business interests and forensic/financial investigations in the context of international arbitrations, commercial litigation, insurance litigation, personal injury litigation, tax litigation and consulting for internal business purposes.

Mr. Milburn’s work experience includes hundreds of matters relating to assets and business interests on every continent and involving millions to billions of dollars across many industries, including mining, oil and gas, energy, financial services, investment banking, asset management, manufacturing, textiles, software and pharmaceuticals.

Mr. Milburn has provided expert testimony relating to valuation and economic damages issues numerous times including in international arbitration cases heard at the World Bank in Washington D.C., the World Bank in Paris, the New York International Arbitration Centre and Arbitration Place in Toronto.

Mr. Milburn speaks regularly on damage quantification and valuation issues and has been involved in the education and training of professional valuators as well as advocacy training programs for lawyers for many years.

He is a Chartered Professional Accountant, Certified Management Accountant (CPA/CMA), a Chartered Business Valuator (CBV) and is a Qualified Valuator under the Canadian Institute of Mining’s Valuation Standards and Guidelines (CIMVAL).

Awards & Recognition

  • Who’s Who Legal Arbitration: Expert Witnesses, Global Arbitration Review (2014-2018)
  • Who’s Who Legal Canada: Arbitration Expert Witnesses (2015-2018)

Professional Experience

  • Valuation and quantification of economic damages related in a NAFTA dispute related to the alleged expropriation of a natural gas concession. Prepared expert reports including a valuation of the natural gas rights at issue and testified at the hearing. Decision pending;
  • Valuation of mineral project and quantification of damages in a treaty dispute under ICSID, regarding an iron ore project in West Africa. Prepared expert reports including a valuation of the Claimant’s investment and testified at the hearing. Decision pending;
  • Valuation and quantification of economic damages relating to a nature reserve in the Caribbean. Prepared expert report, reply report and testified at the hearing. Matter resolved;
  • Valuation of mineral project and quantification of damages in a treaty case under UNCITRAL rules related to a gold project in Asia. Prepared expert report quantifying damages to the claimant. Matter ongoing;
  • Quantification of lost profits and other economic damages due to business interruption following a fire at an iron ore mine in Australia. Matter ongoing;
  • Valuation of a holding company with numerous mining and petroleum assets in West Africa including a manganese project, an iron ore mine, and offshore oil and gas assets. Prepared expert reports on valuation and economic damages issues. Matter is ongoing;
  • Valuation of mineral project and quantification of damages in a treaty case under the ICSID rules related to a gold project in Central America. Prepared expert report on valuation and economic damages. Matter is ongoing;
  • Valuation of mineral projects and quantification of damages in a treaty case under UNCITRAL rules related to a silver, indium and gallium project in South America. Prepared experts reports and testified at the hearing. Decision pending;
  • Valuation of mineral project and quantification of damages in a treaty case under UNCITRAL rules related to a copper, silver, and molybdenum project in South America. Prepared expert report quantifying damages to the claimant and testified at the hearing. Matter resolved;
  • Valuation of mineral project and quantification of damages in a treaty case under UNCITRAL rules related to a copper, silver, and molybdenum project in South America. Prepared expert report quantifying damages to the claimant and testified at the hearing. Matter resolved;
  • Quantification of economic damages to a US hazardous waste remediation and disposal business in a NAFTA arbitration. Prepared expert report, reply report and attended the hearing;
  • Quantification of economic damages to an international energy generation and distribution company in Eastern Europe. Prepared expert reports and attended the hearing;
  • Valuation of mineral project and quantification of damages in a treaty case under UNCITRAL rules regarding a gold project in Western Europe. Prepared expert reports including a valuation of the mineral property and attended the hearing. Award pending;
  • Quantification of damages in treaty arbitration under ICSID relating to the alleged expropriation of a metallurgical processing facility in South America. Prepared reports quantifying damages to the Claimants and attended the hearing. Decision is pending;
  • Valuation of mineral project and quantification of damages in a treaty dispute under ICSID, regarding a bituminous thermal coal project in Asia. Prepared expert report quantifying damages to the claimant. Matter resolved;
  • Assessment of damages claims in an International Chamber of Commerce (ICC) arbitration related to the contract mining costs of a zinc, lead and silver mine in South America. Prepared expert report and reply reports and attended hearing. Matter resolved;
  • Valuation of mineral concessions and quantification of economic damages in a dispute before the Ontario Mining Commissioner relating to exploration stage gold mineral concessions in Northern Ontario. Matter resolved;
  • Quantification of damages in an ICC case related to an iron ore mining project in Western Africa: Managed multi-discipline project team including iron ore economists, corporate finance experts, mining engineers, and geologists, prepared expert reports and attended hearing;
  • Quantification of damages in a commercial dispute under the British Columbia International Commercial Arbitration Act involving a large copper and gold deposit in Asia: Managed project team and prepared expert report calculating damages to the claimant and attended the hearing. Matter resolved;
  • Quantification of damages in a ICC treaty dispute related to a copper/cobalt mining project in Africa: Managed project team in the preparation of a critique report of the claimant’s expert report in an investor-state dispute under the ICC. Prepared expert report. Matter resolved;
  • Valuation of gold mineral assets in South America at production and exploration stages prior to nationalization. Matter resolved;
  • Valuation of gold mineral properties for two exploration and development companies with interests in South America prior to nationalization. Matters resolved;
  • Consulting project analyzing the level of “government take” applicable to a potash and phosphate rock mining company in the Middle East relative to comparable companies and other countries in connection with a government review of mineral tax policies. Matter resolved.

Speaking Engagements

  • Speaker at event held during the PDAC Conference in March 2018, “Trends in Mining Disputes”.
  • Speaker at event held during the PDAC Conference in March 2017, “Mining Disputes: Lessons and Best Practices”.
  • Speaker at the Expert Witness Forum, held in Toronto in March 2017, “The Use of Expert Evidence in International Arbitration”.
  • Speaker at event held during the PDAC Conference in March 2016, “Technical and Economic Considerations for NI 43-101 Compliant Technical Reports”.
  • Speaker at event held during the PDAC Conference in March 2015, “Evidentiary Issues in Presenting a Mining Claim” and “Economic Damage and Technical Issues Faced in Mining Disputes”.
  • Speaker at event held during the PDAC Conference in March 2014, “Assessing Risks in New Mining Ventures” and “Use of Technical Reports to Assess Value”.
  • Speaker at CPA Conference on Financial Reporting Conference for the Mining Industry, “Disclosure of Financial and Economic Information under National Instrument 43-101”, December 2013.
  • Speaker at PDAC Conference in March 2014, “Assessing Risks in New Mining Ventures” and “Use of Technical Reports to Assess Value”;

Publications

  • “The Valuation of Mineral Properties in Arbitration Disputes”, Arbitration Place Quarterly Newsletter, Summer 2013.
  • Co-author, “Valuation of “Start-Up Oil and Gas and Mining Projects”. Global Arbitration Review, the Arbitration Review of the Americas 2011.

Seminars and Training

  • Developed course materials for and acted as an expert witness in mock hearings for the FIAA Expert Witness Trial Practice Programs held in Lausanne Switzerland in 2008-2009, Paris in 2011, New York in 2014 and Washington DC in 2015.
  • Authored course materials for the Canadian Institute of Chartered Business Valuators.
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