As a firm in which a significant proportion of our work includes a valuation element, valuing losses, assets, companies or other investments in the context of disputes is central to what we do.
Our valuation methodology, which was developed by a dedicated team with wide ranging valuation experience, evolves to reflect current market trends and to respond to academic and other findings as they emerge. Importantly, we adopt the same methodology whether we are acting for the claimant or respondent, to ensure a consistent, independent approach in the context of litigation and arbitration.
Drawing on his extensive valuation experience, as well as that of the broader Haberman Ilett team, Philip Haberman recently contributed a chapter to the GAR Guide to Damages in International Arbitration, a publication that considers all aspects of damages in a simple, easy to follow way. Available online to all visitors to Global Arbitration Review and in hard copy too, it is a useful desktop reference for anyone dealing with damages.
Alongside contributions from arbitrators, counsel and other experts, Philip’s chapter provides a succinct overview of methodologies for assessing fair market value (for example of an expropriated asset). His chapter can be found here, in which Philip:
- introduces the concept of fair market value
- discusses when it is used
- considers the critical question of the valuation date
- outlines the three general approaches to assessing fair market value
- summarises the process that most valuers use to assess fair market value.
If you would like to know more about our valuation services, please contact me or your usual contact at Haberman Ilett.
Liz Perks, partner