New Law journal – 8 November 2019 Rakesh Kapila considers possible shortcomings in the financial statements submitted by the parties in matrimonial proceedings In Brief Undertaking an overview of Form E. Providing examples of primary inaccuracies in Form E. Form E is the financial statement on each party’s position prepared in financial proceedings arising out
September 2020 The use of Single Joint Experts (SJEs) is encouraged under the Civil Procedure Rules with the Court considering inter alia whether instructing SJEs is likely to help it to resolve issues more speedily and in a more cost-effective way than with separately instructed experts. This newsletter explores general considerations which lawyers should take
July 2020 In addition to “mainstream” work such as loss of profits cases, matrimonial disputes and fraud investigations, forensic accountants assist in the administration of estates. The work can be wide-ranging and may include the valuation of the deceased’s interest in a business as well as other valuation issues in relation to estates and the
New Law Journal – 20 September 2019 George Sim considers the valuation of shareholdings when shareholders fall out In Brief Determining the valuation of a shareholding. Addressing the company’s financial management. As the economy’s growth rate slows, financial pressures on companies of all sizes are increasing. A harsher economic climate tends to lead to increased
April 2020 Form E is the financial statement on each party’s position prepared in financial proceedings arising out of divorce or judicial separation. It can also be used as a guide to the format for voluntary financial disclosure before the issue of proceedings. Although Form E is complex and needs to be completed with care,
New Law Journal – 14 June 2019 Security for costs: Rakesh Kapila reports on the forensic accountant’s role In Brief A defendant can ask the court to order a claimant company to pay funds into court by way of security for the defendant’s costs if there are doubts on the claimant’s ability to fund litigation.
New Law Journal – 12 April 2019 Rakesh Kapila examines the forensic accountant’s changing role in matrimonial disputes In Brief The expert accountant’s role in matrimonial disputes has changed in recent years. In addition to a greater involvement in business valuations, forensic accountants have been more active in assisting in the compilation of questionnaires and
June 2019 Businesses’ future prospects are an important factor in various types of litigation including commercial litigation, personal injury claims involving self-employed claimants and matrimonial cases in which one or more of the parties is a business owner. Loss of profits claims based on continuing losses will generally be computed on the basis of expected
New Law Journal – 22 February 2019 George Sim looks at the ways in which a forensic accountant can add value. In Brief Determining a loss of profits Addressing potential difficulties A business may suffer a loss of profits through breach of contract or tort (e.g. negligent installation of machinery), or as a result of
February 2019 Reviewing the financial statements of businesses and the underlying information is an integral part of the work of forensic accountants in various types of litigation, such as disputes between shareholders or partners, divorce cases, loss of profits claims and many fraud investigations. The financial statements of private companies and LLPs which exceed certain