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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Global BV News: The Winter 2023 edition of EVBM is now available
The European Association of Certified Valuators and Analysts (EACVA) and the International Valuation Standards Council (IVSC) have released the latest edition of the European Business Valuation Magazine (EBVM).
Save the date: June 20-21 for CBV Connect 2024
CBV Connect 2024, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter, will be held at The Bonaventure in Montreal.
What’s in the February 2024 issue of Business Valuation Update
Here’s what you’ll see.
BV movers . . .
The National Association of Certified Valuators and Analysts (NACVA) has awarded J. Richard Claywell, CPA, MBV, ABV, ASA, CBA, CVA, MAFF, CFD, ABAR, CVGA, ICVS-A, the Thomas R. Porter Lifetime Achievement Award.
CPE events
Catch Me If You Can: Mitigating Compliance Risk Related to Provider Compensation, January 23, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Kathryn A. Taylor (ECG Management Consultants). CPE credits: 2.0.
Kroll conducts survey of cost of capital inputs
In the last issue, we presented results of several surveys on the various resources practitioners use for estimating cost of capital.
Business Valuation Update Yearbook, 2024 Edition
January 2024 PDF, Softcover (401 pages)
Business Valuation Case Law Yearbook, 2024 Edition
January 2024 PDF, Softcover (222 pages)
In re Hembree
In this appeal of a denied motion by the wife to set aside a marital settlement order, the appellate court affirmed the trial court. The wife claimed that the husband did not disclose a number of marital assets and misrepresented the values of certain marital assets. The trial court appointed its own expert for valuation of assets. The expert was unable to value a number of the assets for lack of information including a lack of proof of existence of some alleged assets.
Appellate Court (California) Affirms Denial of Wife’s Motion Claiming Missing Assets and Undervalued Assets
In this appeal of a denied motion by the wife to set aside a marital settlement order, the appellate court affirmed the trial court. The wife claimed that the husband did not disclose a number of marital assets and misrepresented the values of certain marital assets. The trial court appointed its own expert for valuation of assets. The expert was unable to value a number of the assets for lack of information including a lack of proof of existence of some alleged assets.
Business Valuation in the Context of Insolvency
This webinar will dive into the complex world of bankruptcy. It will include a look at the valuation nuances that one needs to consider when preparing a valuation analysis and report in the context of bankruptcy.
BVR kicks off ‘Two-Minute Practice Builder’ surveys
As any profession matures, the issue of practice management becomes more critical. Management and administrative issues that took a back seat when riding a growth wave must be dealt with when the landscape gets more competitive.
NACVA to release two new databases in 2024
In beta testing at NACVA are two databases being developed with ValuSource software.
AI studies top several McKinsey lists for 2023
Of interest to valuation experts are two works from McKinsey that examine artificial intelligence (AI).
Global BV News: Kroll examines industry multiples in China
An analysis of the trading indices across various key industrial sectors in China as of Sept. 30, 2023, is contained in Kroll’s Industry Multiples in China 2023 report.
BV movers . . .
The National Association of Certified Valuators and Analysts (NACVA) has named its outstanding members for the fourth quarter of 2023.
CPE events
Business Valuation in the Context of Insolvency, January 11, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Pasquale Rafanelli (Empire Valuation Consultants). CPE credits: 2.0.
BVR survey reveals COE data sources of choice
While the Kroll Cost of Capital Navigator continues to be widely used and accepted for estimating cost of equity (COE), BVR’s Cost of Capital Professional has been gaining considerable steam since its launch in 2018, according to a BVR survey.
Valuation of business hit by COVID-19 in recent divorce case
If you haven’t done so already, sooner or later you will value a business affected by COVID-19.
Lazar v. Mor
The plaintiffs in this business dispute submitted motions to amend their complaint, alleging that the defendants contributed only a fraction of their required capital contributions. The result was, per the plaintiffs, that the defendants were overpaid, and the plaintiffs were shorted millions in distributions from the net proceeds of the sale of the properties.
Motion to Amend for Consideration of Variable Member Interests Granted
The plaintiffs in this business dispute submitted motions to amend their complaint, alleging that the defendants contributed only a fraction of their required capital contributions. The result was, per the plaintiffs, that the defendants were overpaid, and the plaintiffs were shorted millions in distributions from the net proceeds of the sale of the properties.
Motobilt, Inc. v. Bystronic, Inc.
In this breach of warranty case, the plaintiff offered opinions of a damages expert but found the expert’s opinions inadmissible. The defendant argued that the plaintiff’s expert “applies accounting and economic principles” to assess the value of the equipment, but his report did not identify any such principles or explain how they supported his valuation methodology. Since the plaintiff had no damages evidence to offer, the defendant was granted summary judgment.
U.S. District Court Finds Plaintiff’s Expert’s Testimony Inadmissible and Grants Summary Judgement to Defendant
In this breach of warranty case, the plaintiff offered opinions of a damages expert but found the expert’s opinions inadmissible. The defendant argued that the plaintiff’s expert “applies accounting and economic principles” to assess the value of the equipment, but his report did not identify any such principles or explain how they supported his valuation methodology. Since the plaintiff had no damages evidence to offer, the defendant was granted summary judgment.
Bright Future for Automated Valuation Models—But Take Caution
Some interesting insights and questions about the use of automated valuation models (AVMs) and artificial intelligence from veteran appraisers.
A Behind-the-Scenes Look at the Cecil Case May Surprise You
The Cecil Tax Court case has received a lot of coverage in the legal and valuation press, but here are a few aspects of the case you probably haven’t heard about.