Appraiser gets top result for client by proposing an FMV “range”
A BVWire reader valued the damages from a breached contract for Bulgarian natural gas in a range between as low as $32 million to well over $100 million for a 100% interest. But, in this case, the expert had another weapon in his arsenal; a “due diligence” report prepared by the defendant’s own industry expert which [...]
Possibly the best answer when opposing counsel tries to pinpoint your FMV range
The case concerned a contract to develop natural gas reserves in Bulgaria. The reserves were still in the ground when the defendant breached the contract, so their value could range from as low as $32 million to well over $100 million for a 100% interest, according to the plaintiff’s valuation expert. Or, based on a [...]
A clear description of the necessity of normalization adjustments when deriving fair market value
The idea that fair market value and investment value are most often different numbers turns out to stump may owners and interested parties–it’s not particularly complicated, but hard to explain to non-appraisers. BVR commends a recent effort in this regard by Larry Epstein and Rob Carter in the Hertzbach & Co blog. Perhaps this clear language can help you [...]
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