In a dispute between a landlord and an entity that had purchased the assets of the previous tenant who had gone into liquidation (with substantial obligations to the landlord remaining), an expert report had been prepared on behalf of the asset-purchasing entity purporting to place a value on the business that could have been conducted had the assets been released by the landlord. The landlord commissioned Experience Counts to review this report.
Significant failings in assumptions made, methodologies applied and conclusions reached were identified and utilized in a favourable settlement for the landlord.