Assistance in the resolution of economic disputes
- Do you know that a professional financial opinion drawn up by a reliable expert may considerably increase your chances to win a dispute in court or arbitration proceedings?
- Have you thought after suffering a loss about a possibility of taking into account extra elements when calculating the loss value, e.g.:
- o lost income,
- o extra costs,
- o lost profits?
- What are the other items that should be taken into consideration? How should they be calculated and valued? What documentation is required to credibly show a loss and calculate its value?
- Do you know that a valuation of the lost profits, shares/stocks or individual components of the assets or the enterprise drawn up for the purpose of legal proceedings may considerably vary from a commercial valuation drawn up within the framework of the ordinary business activity?
- Have you considered forwarding a claim against the insurance company when you suffered a loss as a result of negligence or inappropriate conduct of the senior management and the chances of covering the loss by the responsible persons are limited but you hold a D&O insurance policy with regard to members of the Management Board, other company officers and employees?
- Have you considered forwarding a claim due to the loss of profit as a result of work stoppage because of fire and you lodged a claim to your insurance company due to the resultant losses?
- Have you had during the takeover/merger process an impression that the net asset value on the basis of which the purchase price was agreed had been calculated incorrectly, i.e. a wrong reserve value or a wrong basis for asset valuation were applied? Have you determined what method should be applied to calculate the final price, how and by whom financial statements should be drawn up and interpreted as of the day of merging the business entities and what is the actual purpose of drawing them up?
If any of the aforementioned questions raised your doubts or if you think that you may need assistance and consultancy within a given scope, employees of PricewaterhouseCoopers offer their expertise and experience.
How can we help?
Usually the works of the Economic Investigations and Expert Opinions Team consists in the provision of assistance to companies and their legal representatives conducting complex court or arbitration proceedings.
A reliable valuation of potential losses at the early stage of the dispute may help both the plaintiff and the defendant in deciding whether to institute or continue the case or to consider reaching a settlement.
Following the submission of the case to the common or arbitration court reliable analyses and calculations as well as presentation of an objective position reliable to the court and possible to defend constitute the most significant issues. Due to the fact that legal disputes conducted before court or by means of alternative methods of dispute resolution become more and more common we offer assistance with regard to the following issues to legal representatives and their clients:
- Disputes regarding the value of actually suffered losses and lost profits
- Disputes regarding the valuation of the enterprise or constituents of the assets
- Disputes regarding takeovers of enterprises and financial statements as of the takeover date
- Violation of contract and warranty provisions
- Negligence during performing professional duties
- Insurance claims.
PricewaterhouseCoopers has at its disposal both domestic and global networks of analysts, actuaries, accountants, fraud detection specialists and other persons being leaders in their fields. Owing to that we offer a wide range of qualifications required to solve problems of entities involved in economic disputes.
