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Simon Procopiou

Director

About

Simon Procopiou is a director at Accuracy, with over 10 years of experience providing accounting and quantum advice in relation to commercial disputes. Prior to joining Accuracy in 2024, he held various positions within the disputes and forensic accounting teams at PwC, Haberman Ilett and Kroll.

Simon specialises in the assessment of damages in complex commercial disputes. He has assisted clients operating in a wide range of sectors, including pharmaceuticals, IT, mining, hospitality, renewable energy and financial services. Simon has experience working on disputes resolved through mediation, expert determination, arbitration and litigation.

Simon is a qualified accountant and a member of the Institute of Chartered Accountants in England and Wales. He holds a first class honours degree in Mathematics and Computer Science from Brunel University. He is a native English speaker, with intermediate knowledge of Spanish.

Qualifications

  • BSc Mathematics with Computer Science, Brunel University (2006)
  • Member of the Institute of Chartered Accountants in England and Wales (2011)

In-depth expertise

Commercial arbitration

Simon has provided expert advice in commercial arbitrations under ICC, LCIA and DIAC rules for both claimant and respondent. He has worked on disputes covering a wide range of sectors, including mining, professional services, hospitality, renewable energy and financial services.

Litigation

Simon has provided expert advice in litigation proceedings in the UK courts for both claimant and defendant. These proceedings involved businesses operating in the aviation, pharmaceuticals, landscaping and renewable energy sectors.

Other experience

Simon has caried out an assessment of “relevant sales” in relation to a proposed fine for infringement of EU competition law, on behalf of the recipient of a “statement of objections” issued by a European competition authority.

Simon has experience of disputes resolved by expert determination. He has also worked on investigations into allegations of fraud and corruption.

Example of engagements

Arbitration

  • Valuation of a Russian logistics company, following a dispute over the validity of an option to purchase its shares (LCIA arbitration, for claimant).
  • Quantifying the losses of a Dubai construction company in relation to a dispute over a large mixed-use development project (DIAC arbitration, for claimant).
  • Quantifying the lost profits suffered by a Togolese hotel company, following an alleged fraud (ICC arbitration, for claimant).
  • Technical accounting evidence relating to a “leakage” claim by the buyer of a South African mining company in a locked-box transaction (ICC arbitration, for respondent).
  • Expert advice on the appropriate pre-Award interest rate on damages, relating to a dispute about the construction of a solar power plant (ICC arbitration, for respondent).
  • Valuation of the Italian arm of a top 10 accounting practice, following the unauthorised sale of the business (ICC arbitration, for claimant).
  • Valuation of a Turkish oil storage terminal in relation to a dispute between its joint venture owners over contractual exit payments (ICC arbitration, for claimant).

Litigation

  • Quantifying losses suffered by a global pharmaceutical company due to the infringement of a patent relating to medication (UK High Court, for claimant).
  • Quantifying the losses of nine companies operating in the UK solar industry, following the modification of a UK government subsidy (UK High Court, for defendant).
  • Quantifying lost profits suffered by an aviation company following the loss of a contract tendered by a government agency (UK High Court, for defendant).
  • Quantifying lost profits suffered by a landscaping company following the re-tendering of a contract by a government agency (UK High Court, for claimant).

Other

  • Assessment of “relevant sales” in relation to a proposed fine for infringement of EU competition law.
  • Expert determination of a dispute between a venture capitalist and the management of a subsea surveying company.
  • Pre-action quantification of losses suffered by a global IT company, relating to a transformation programme.
  • Pre-action quantification of losses of a publishing and education company, following the loss of a contract tendered by a government agency.