Clara Segurola

Associate Director


Tel: +44 20 7659 8606
Fax: +44 20 7659 8607

Email: clara.segurola@nera.com
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MSc in economics and finance, Center for Monetary and Financial Studies (CEMFI)
Maîtrise in banking and finance, University of Nantes
BSc in economics (Ranked 1st--Premio Extraordinario), University of Valencia


Clara Segurola is a financial economist with more than a decade of professional experience. She provides analysis and expert testimony on damages, valuation, and economic issues arising in international commercial and investor-state disputes. 

Ms Segurola’s work in international disputes includes assessment and quantification of damages (including loss of profits, consequential losses, and loss of business opportunities), business valuation, and valuation of real assets. She has also provided profitability assessments and economic analyses of the regulatory framework in the context of disputes in regulated sectors (e.g., utilities, infrastructure, and renewables). 

Her work has covered a broad range of industries (i.e., utilities, energy, transport, infrastructure, financial services, consumer goods, IT services, manufacturing, and distribution) across Western and Eastern Europe, Latin America, the Middle East, and Asia. 

She has worked on matters before the International Chamber of Commerce (ICC), International Centre for Settlement of Investment Disputes (ICSID), the London Court of International Arbitration (LCIA), the Permanent Court of Arbitration (PCA), on ad hoc arbitrations under UNCITRAL Rules, and before the Commercial Court of England and Wales and Spanish commercial courts, and she has provided oral testimony (both direct testimony and in cross-examination). 

Ms Segurola has been recognised as a Future Leader in Arbitration in the Who’s Who Legal directory where she is described by her clients as “an extremely bright, personable and smart individual” and a “well-regarded financial economist and expert witness with a strong track record of valuations and quantifications of damages for clients from across various industry sectors.” 

She holds a master’s degree in economics and finance from the Spanish Center of Monetary and Financial Studies (CEMFI), a master’s in banking and finance from the French University of Nantes and is fluent in English, Spanish, and French. Prior to joining NERA, Ms Segurola worked as a financial analyst, first assessing corporate credit risk for a major oil company and later analysing the financial aspects of mergers and acquisitions for an online financial information provider. 



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