In COVID-19 Business Interruption Case, Court Finds Business Adequately Alleges It Suffered a Physical Loss
In this business interruption case resulting from mandatory shutdowns to control COVID-19, the court declined to grant a motion to dismiss claims of plaintiffs; plaintiffs, inter alia, adequately allege that they suffered a physical loss due to COVID-19.
Studio 417 v. Cincinnati Ins. Co.
In this business interruption case resulting from mandatory shutdowns to control COVID-19, the court declined to grant a motion to dismiss claims of plaintiffs; plaintiffs, inter alia, adequately allege that they suffered a physical loss due to COVID-19.
In re Body Transit
Court finds creditor’s interest in debtor’s property is “inconsequential” and says a valuation of debtor’s fitness club must account for dismal state of fitness industry due to COVID-19 shutdown; debtor’s projections related to reorganization plan are too optimistic given economic uncertainty.
Court Finds Valuation of Debtor Entity Must Account for COVID-19 Effect on Industry
Court finds creditor’s interest in debtor’s property is “inconsequential” and says a valuation of debtor’s fitness club must account for dismal state of fitness industry due to COVID-19 shutdown; debtor’s projections related to reorganization plan are too optimistic given economic uncertainty.
Rose’s 1, LLC v. Erie Ins. Exch.
D.C. court, ruling on parties’ motions for summary judgment, finds restaurant owners cannot show that mayor’s COVID-19-related closure orders constituted “direct physical loss” to the property, as required under the existing business interruption policy; court rules for insurer and closes case.
Court Says Restaurants Fail to Meet Requirements for COVID-19-Related Business Interruption Coverage
D.C. court, ruling on parties’ motions for summary judgment, finds restaurant owners cannot show that mayor’s COVID-19-related closure orders constituted “direct physical loss” to the property, as required under the existing business interruption policy; court rules for insurer and closes case.
CCF being abandoned for DCF, NACVA speakers say
The capitalized cash flow (CCF) method has been all but abandoned for the time being in favor of the discounted cash flow (DCF), points out Chris Hamilton (Arxis Financial Inc.).
Global BV News: D&P surveys impairments in the Asia-Pacific region
Close to a third of the companies surveyed in the Asia-Pacific (APAC) region anticipate taking a goodwill impairment, according to a survey report from Duff & Phelps.
When market data are volatile, the best alternative is a more rigorous DCF
Quarterly economic indicators are barely sufficient for business valuers now.
How can you get BV CPD during COVID-19?
The short answer is ‘virtual.’
The Market Price of Risk: Quantifying a COVID-19 Equity Risk Premium Using High-Yield Bond Pricing
The authors demonstrate how a high-yield option-adjusted spread is used when doing appraisals of private companies while considering the market volatility and economic slowdown caused by the COVID-19 pandemic.
Pandemic, ESOP Woes, Fair Value, Crypto, and Fraud at NYSSCPA Conference
The 2020 conference season is underway, and Business Valuation Update was on the scene—virtually, of course—for the New York State Society of CPAs Business Valuation/Litigation Services Conference webcast live from New York City May 18.
BVU News and Trends July 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends July 2020
Business valuation news from a global perspective.
Fair Value Measurements Amid the Covid-19 Crisis
Reporting entities in recent years generally benefited from a growing economy, which may have allowed auditors to gain comfort with fair value measurements for financial reporting purposes with relatively less documentation. The disruption to global economic activity and financial markets suggest that a business as usual approach may no longer apply to these same fair value measurements. Consequently, reporting entities can expect fair value measurements to receive greater scrutiny from their auditors and a heighted ...
Valuations for divorce: That was then, this is now (Part 2)
It’s a whole new ballgame for valuations in the context of marital dissolution, which is why the AAML/BVR Virtual Divorce Conference will focus on the most important issues impacted by all of the recent changes.
AICPA weighs in on next federal COVID-19 relief
In a letter to Congressional leadership, the AICPA made six recommendations for the next phase of relief for small business and the U.S. workforce.
Michigan court decides COVID-19 business interruption claim; many more cases in the pipeline
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.
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.
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.
BV needs ‘outside-the-box’ solutions to document COVID-19-era business valuations
COVID-19 has substantially affected the financial and economic characteristics of privately held and publicly traded businesses.
Dietrich reveals the ‘real story’ of COVID-19 for valuation experts
Weary of the endless finger-pointing and back-and-forth between media “experts,” healthcare finance and valuation expert Mark Dietrich (Mark O. Dietrich CPA, PC) spent several hundred hours going directly to the source data in various scientific journals and fact-based websites to uncover the real story of COVID-19.
BVR Briefing – The Real Story of COVID-19 For Valuation and Litigation Experts
September 2020 PDF
Mark Dietrich
Business Valuation Resources, LLC
COVID-19 takeaways from NACVA’s Virtual Super Conference
In the last issue, we gave you some takeaways from the NACVA and the CTI’s 2020 Business Valuation and Financial Litigation Super Conference that was held online over five full days (June 15 to June 19).
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.