Defensible Business Valuation For Litigation In Egypt

The valuation opinion could be based on a financial analysis carried out to facilitate a transaction, establish an ownership value, evaluate damages, or settle commercial disputes; however, the nature of such valuation opinion undergoes considerable change when the valuation is scrutinized in court. Here, the issue is no longer about the reasonableness of the valuation figure generated; it is about whether the expert witness is able to prove how he arrived at that figure and why the underlying analysis is reliable. The methodology, financial data, market facts, assumptions, adjustments, professional judgements, and documentation could all be reviewed and attacked. In Egypt, extra care needs to be taken here because the professional qualifications and regulations needed for a regulated financial valuation may not be the same as the procedural process required for expert testimony in court. The Financial Regulatory Authority (FRA) has professional classifications of independent