News Tag: COVID-19


Business interruption cases and the role financial experts can play

Filing a business interruption claim has become one of the go-to moves for businesses as they try to mitigate the impact of COVID-19. A discussion of two cases that were adjudicated just before the COVID-19 crisis came into relief explains the trajectory many claims, including claims arising out of the COVID-19 crisis, may take and points to opportunities for damages experts. Read more >>

Force Majeure: Examining the Post COVID-19 Intercompany Agreement Reality

As COVID-19 continues to shift everyday life and the global economy, accounting professionals are looking for information to help guide their clients through these trying times. These organizations will lean on their in-house experience and should pay close attention to the lessons learned during the 2008 market crisis. Force Majeure is a clause included within an agreement that is commonly referred to as the “Act of God” clause. The clause is generally intended for acts of nature that were unpredictable such as floods, fires, or earthquakes but are not limited to these examples. Force Majeure clauses use specific language in transactions that can absolve the involved parties of their responsibilities. This allows the opportunity to renegotiate when an event occurs that is outside the control of either party. Read more >>

Business interruption and other legal claims arising out of COVID-19 crisis

Just as the novel coronavirus causing COVID-19 brought businesses and economic activity to a sudden halt, an ABA panel discussed the grave effects on businesses and the legal doctrines available to business owners to mitigate the economic injury stemming from business interruption and unforeseeable circumstances. Read more >>

How BVR Is Helping to Keep You Connected During Coronavirus

As the world continues to feel the crippling effects of coronavirus, we can’t help but observe the ingenuity and compassion that citizens are showing for their communities. Musicians are hosting live concerts on social media, online subscriptions are discounted left and right, and events all over the world are transforming to webcast versions for all to utilize. We are entering an era of adaptation in a way the world has never seen—and BVR is here for it. Here are some ways BVR is supporting the valuation community during this unpredictable, uncertain time. Read more >>

How Is Coronavirus Affecting the Business Valuation Community?

The unpredictable coronavirus is disrupting work plans of valuation and accounting firms and impacting the global market. Conferences are being postponed and offering webcast versions, firms are limiting travel, supervisors are encouraging virtual meetings, and new ways to help prevent the spread of the disease are introduced every day. Here are some recent developments, issues, and advice that everyone should consider, including factors to favor when performing a valuation in this turbulent, uncertain time. Read more >>

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