Andrew Strickland has provided the speakers’ outline for his recent presentation on decisions that address the role of financial experts in the UK courts. This new presentation addresses two significant cases that have arisen since his last summary in 2020.
Strickland notes the theme running through his entire update is the special power that is vested in an expert. He first refers to the recent FTAI AirOpCo UK and Olympus Airways [2022] EWHC 1362 decision. Olympus attempted to use their own employees rather than independent experts—and “the judge profoundly disagreed.”
He also warns all business valuers in the UK of the risks of careless work, referring to Liverpool Victoria and Dr Zahar [2020] EWHC 846 and a number of other new cases. Strickland says, “[T]he expert witness who falls a long way short of the standards expected can expect direct, bone-crunching, career-disrupting criticism.”
Further cases examine excess coaching of expert testimony, the value of trademark infringement, and further business valuation topics.
The outline can be downloaded from BVR here.