Dora Grunwald is a partner at Osborne Partners. Previously, she was a managing director at FTI Consulting’s Economic and Financial Consulting segment. Before joining FTI Consulting, Dora worked for the economic and strategy teams of PriceWaterhouseCoopers. Dora has a PhD in Economics from the University of Siena (Italy) and is an economist by training and profession. Dora has 15 years of experience in providing economic advice on policy, regulatory and commercial issues in a range of industries in both contentious and non-contentious matters. More recently, Dora has provided expert opinion and given oral evidence on nine occasions on regulatory issues in a series of investor–state arbitrations related to photovoltaic solar power disputes in Spain and in Italy. Related to this, she has given advice on the state aid aspects of the Spanish renewables support scheme. Her regulatory experience includes assessment of incentives of menu regulation and economic and econometric analyses related to cost efficiency, cost of capital and financeability of regulated utilities.