A well-attended session at the ASA-CICBV Business Valuation Conference in Toronto, “Valuation Hot Topics in a Dispute Setting," showed that there is definite interest in U.S. cases across the border. A discussion of Delaware Court of Chancery opinions pointed out that, even though the law or precedent may be different, the process by which the court decides is relevant for Canadian practitioners. Also, how to function as an expert witness in a court that tries the toughest BV cases is certainly relevant.
Do Canadian judges read the opinions of U.S. courts? Former Canadian Chief Tax Court Judge Donald Bowman said in the session that he often read U.S. Tax Court opinions while on the bench. It’s safe to assume that judges in Canada also read Delaware opinions in BV cases.
BVR’s Valuation Cases From the Delaware Court of Chancery Show How to Excel contains court opinions, case digests and articles that analyze the court’s view of BV techniques.