Expert Witness Journal Issue 68 August 2026 - Flipbook - Page 94
As part of our preparations for the appeal, we sought
comment from a bene昀椀ts expert to examine the
pursuer’s bene昀椀ts application and universal credit
breakdown.
Conclusions
The outcome clari昀椀es that in situations where
Universal Credit entitlement changes for reasons
unrelated to the accident, it is possible to challenge
the proportion of bene昀椀ts paid as a result of an
accident.
Decision
The Tribunal held that.
ɿ
The pursuer and his partner were not entitled
to Universal Credit prior to the accident due to
their combined earnings.
ɿ
All Universal Credit paid initially was found to
be directly as a result of the pursuer’s accident.
ɿ
However, that a change in circumstances
(the pursuer’s partner stopping work due to
health reasons) resulted in an increase in their
entitlement and that was not due to the pursuer’s
accident.
ɿ
The appeal was allowed in part, and the
recoverable amount was reduced to re昀氀ect
the amount paid as a result of the change in
circumstances.
ɿ
The Tribunal found no binding authority
precluding apportionment of the amounts of
Universal Credit to re昀氀ect di昀昀erent reasons for
payments of those amounts.
Obtaining a detailed breakdown of your client’s
bene昀椀ts, reasons for obtaining bene昀椀ts, whether any
bene昀椀ts application was made on a joint basis and
possibly comment from a bene昀椀ts expert will allow
you to assess the CRU certi昀椀cate and the likelihood
of successfully appealing a proportion of the amount
of recoverable bene昀椀ts.
Dr. Richard Bateson Ph.D M.A. Hons (Cantab)
Investment banking, Fund management, Asset management, Cryptocurrencies, Derivatives,
Hedge Funds, Private Credit, Private Equity, Systematic Investing, AI and alternative data in
financial markets expert
Independent experts in risk management
and quality assurance
Dr. Richard D. Bateson: Expert in Quantitative Finance, AI, and Complex Financial Markets
Dr. Richard D. Bateson is a preeminent authority on quantitative finance, artificial intelligence
(AI), and systematic trading. With a unique career spanning senior hedge fund leadership and a
foundational doctorate in Physics from Cambridge, he provides expert witness testimony on
technically complex financial disputes.
We advance
trust in a
changing world
Core Expert Specialisms:
• AI & Systematic Trading: Proprietary technology, strategy development, and performance of
algorithmic and machine learning systems. I provide forensic analysis of proprietary
algorithms and source code to compare and evaluate investment strategies.
• Hedge Fund & Investment Management: Governance, trading practices, valuation, and
institutional standards of care.
• Financial Derivatives & Structured Products: Pricing, risk management, and market practice
across asset classes.
• Complex Market Misconduct: Analysis of practices in algorithmic trading, alternative data
usage, and market manipulation.
DNV is an independent assurance and risk management provider, operating in more
than 100 countries, with the purpose of safeguarding life, property, and the
environment. As a trusted voice for many of the world’s most successful organizations,
we help seize opportunities and tackle the risks arising from global transformations. We
use our broad experience and deep expertise to advance safety and sustainable
performance, set industry standards, and inspire and invent solutions.
Expert Witness Experience:
Instructed as an expert since 2017 on landmark UK and US cases, including:
• Bridgewater Associates v. Tekmerion (proprietary technology misappropriation).
• The UK's first major AI/machine learning case (The Lawyer's Top 20 Cases of 2020).
• Further instructions on hedge fund IP, valuation, and shareholder disputes.
Offices are located throughout the UK, employing over 600 engineers in renewables,
oil and gas, marine and general industries.
Professional Background:
Founder & CEO of Bateson Asset Management (FCA-regulated AIFM). Former Head of the
$5bn AHL Dimension fund (Man Group), Managing Director at RBC, and CEO of $2bn hedge
fund MGIM. Holds a Ph.D. in Physics from Cambridge University.
DNV provides an extensive network that supports inspection, accident and failure
investigations. Specialists in engineering safety and environment, gas leaks and
explosions, systems and software failure, security risk, biological safety and laboratory
containment, technical due diligence, structural analysis, fracture mechanics, transport,
noise/vibration impacts and aviation.
Publications & Authority:
Author of "Quantitative Hedge Funds" (World Scientific, 2022) and the best-selling textbook
"Financial Derivative Investments" (Imperial College Press, 2011). Also authored over 25
peer-reviewed papers in top physics journals during his prior research career.
Mobile: 07930 385206
Email: richard@batesonam.com
Website: www.batesonam.com
Contact: Mr Angus Milne
Address: Bateson Asset Management Limited,
128 City Road, London, EC1V 2NX
Telephone: +44 (0) 20 3 816 4000 (London)
Email: Angus.M.Milne@dnv.com
Website: www.dnv.com
EXPERT WITNESS JOURNAL
Area of work: Nationwide and International
92
AUGUST 2026
