Court Grants Insurance Company’s Motion to Dismiss Plaintiff’s Complaint That It Suffered Covered Loss of Income Due to COVID-19 Restrictions
In this business interruption case resulting from mandatory restrictions to control COVID-19, the court grants a motion to dismiss claims of the plaintiff. The plaintiff’s arguments that it suffered physical loss or damage to its properties did not sway the court. Nor did its arguments that the civil authority provisions and virus exclusion in the policy were not applicable to deny its claims.
Cost of Equity and COVID-19: What to Do? (Update)
Using a forward-looking approach, implied volatilities, and total beta to determine an appropriate cost of equity to supplement one’s analysis during today’s unprecedented times.
COVID-19 and BV: Hitchner gives an update
In the opening session of the Virginia Society of CPAs’ Forensic and Valuation Services Virtual Conference, James Hitchner (Valuation Products and Services) gave a current perspective about the many challenges the pandemic has presented for business valuations.
Update on COVID-19 Economic Loss and Lost Profits Cases
Take a look at how the aftereffects of COVID-19 are still being felt in the courtroom.
Valuers need to examine the lingering effects of COVID-19
The pandemic is over but not for some businesses that continue to feel the effects—and this impacts valuation.
How COVID-19 Has Impacted Insurance Agencies and Brokerages
Industry intelligence is excerpted from the new guide, What It’s Worth: Valuing Insurance Agencies.
Is Your Subject Business Still Feeling the Effects of COVID-19?
The pandemic is over, but the symptoms may linger for a long time. For valuation analysts, the concern is whether the businesses they are appraising will be impacted over the long term—an impact that could be positive or negative. An example is the limited-service restaurant business, such as fast-food, pizza, coffee shops, and the like.
Courts are weighing in on COVID-19 business interruption claims
COVID-19-related business interruption cases are winding their way through the court system, and one state court, in a matter of first impression, recently issued a decision against the business owner.
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.
COVID-19 updates and guidance from the valuation community
Valuation professional organizations, special interest groups, and valuation and accounting firms are issuing updates and guidance amid the coronavirus pandemic.
Estimating a COVID-19 Marketability Discount for Small Businesses
A framework of thinking for developing a marketability discount for a majority interest on a small business in the wake of the pandemic.
Business interruption trends and cases triggered by COVID-19
The gleaming billboards of Times Square went dark on May 27 for one minute to alert the nation that pandemic-related business interruption insurance claims are being denied by insurers.
IRS discusses tax implications of COVID-19 legislation
In an excellent ABA webinar that summarized and analyzed the COVID-19-related legislation Congress passed to alleviate the economic harm on businesses and persons, IRS Chief Counsel Michael Desmond spoke to some of the efforts the agency is making to achieve implementation.
Thoughts and advice on valuations amid the COVID-19 crisis
As the coronavirus pandemic continues its relentless march across the globe, we have reached out to members of the Business Valuation Update Editorial Advisory Board to begin to gather their thoughts on the impact of the crisis on valuations.
A Veteran Valuer’s Guidance on COVID-19 and the ‘Soul’ of a Business
An interview with Robert Schlegel, FASA, MCBA (Houlihan Valuation Advisors), in which he gives his perspectives on our current economic environment and how that affects the business valuation community.
What do auditors expect from business valuation forecasts during COVID-19?
Auditors around the globe will be expecting multiple forecast scenarios in reports from their valuation experts.
Global BV News: RICS withdraws global COVID-19 valuation practice alert
Because many governments and markets globally have now eased restrictions and protocols relating to COVID-19 and the impact of the pandemic is clearer, RICS has withdrawn its global COVID-19 valuation practice alert as of March 3.
Perfect Storm: COVID-19 and 2020 Election—Unexpected Windfall for E&G Tax Planning
Insights into the impacts on the estate and gift tax area and the opportunities it presents for business valuers.
Judicial panel resistant to consolidating COVID-19 business interruption litigation
Responding to requests by plaintiffs who are pursuing lawsuits against insurers for COVID-19-related business losses, the Judicial Panel on Multidistrict Litigation (JPML Panel) recently rejected two proposals for centralization.
You heard it here first: the silent spread of COVID-19
On June 27, 2020, an interesting article in the New York Times tells the story of how health officials dismissed the risk of symptomless transmission of the coronavirus.
Damodaran Says COVID-19 Crisis Puts More Emphasis on the Story Behind a Valuation
The keynote address by Dr. Aswath Damodaran (New York University Stern School of Business) at the CBV Congress 2021 includes a five-step framework to help develop an effective narrative.
Special COVID-19 issue of Business Valuation Update
Normally, Business Valuation Update is available only to subscribers (or subscribers of the BVResearch Pro platform).
Industries Most Affected by Coronavirus (Top Performing and Hardest Hit)
Vertical IQ is the leading provider of industry intelligence for those advising small- and medium-sized businesses, and their research team is working to provide updates on how COVID-19 affects industries, sectors, and economies. As the situation surrounding coronavirus (COVID-19) continues to develop, industries are experiencing the impacts in various ways.
D&P offers infographic on cost of capital amid COVID-19
Which financial market and economic indicators did Duff & Phelps take into consideration when it arrives at its recommended U.S. equity risk premium and accompanying normalized risk-free rate?
RICS host ‘Impact of COVID-19 on Global Business Valuation’ Town Hall tomorrow
The next in a long series of helpful free virtual panels occurs tomorrow evening 22 July.