Valuation independence: plan early to avoid advocacy

BVWire–UKIssue #37-1
April 5, 2022

This is one of the tips in an article from the latest journal of the Chartered Business Valuators Institute (CBV Institute), Canada’s valuation professional organisation (VPO) and standard-setter. When valuers first meet with attorneys, they often get a sense that they will be “pushed” to provide a conclusion in one direction or another. How to respond is the subject of “Tips to Help You Avoid Blurring the Line Between Impartiality and Advocacy,” by Andrew Cochran (EY), Shaun Laubman (Lax O’Sullivan Lisus Gottlieb), and Lindsay Campbell (Hoare Dalton Litigation and Valuation Services), in the Journal of Business Valuation, 2021 edition. The Journal is published by the Chartered Business valuators Institute (CBV Institute) of Canada and is now available on the BVResearch Pro platform.

The authors say that, while most “understand that their duties as advocates differ from yours,” if you get the feeling that “you might be pressured from a lawyer you have not worked with before, we would encourage you to do some research on their past cases to see if you’d be comfortable taking this case.”

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