Destabilising Stabilus: the case of Saltri III v MD Mezzanine
This article discusses aspects of the case of Saltri III v MD Mezzanine, explained by valuation experts at the ICAEW Valuation Group Conference 2013.
This case was heard in court in July 2012, with two camps taking up cudgels against one another. The opinions of a considerable number of valuers were mentioned. Those involved in various aspects included three of the “Big Four” accounting firms and also three specialist valuation businesses.
The written decision includes the dissection of various valuation principles and therefore provides some fascinating insights into the points being argued in court.
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