Lisa Linklater QC considers the art of share valuation in company law
The tensions created by the uncertainty and disruption of the last two years have led to a significant number of disputes between shareholders in privately owned companies. Tensions that have been bubbling under the surface have reached breaking point, leading to an irreconcilable breakdown in the relationships between shareholders. Minority shareholders may feel driven by boardroom feuds to sell their shares. How can we, as advisors and advocates, best advance our clients’ case on the price payable or to be received for shares in privately owned companies?
An art, not a science?
It has often been said share valuation in such companies is an art not an exact science. Unlike companies listed on a stock e...