Explore our litigation support services & dispute resolution In Burlington, Oakville & Hamilton.

As part of compensation employees often receive stock options/restricted stock units or shares. In the event of divorce, these assets are required to be valued as part of the equalization to determine net family property.

In most Family Law cases, the litigation has started. Either the client knows, or their lawyer/court tells them, they have to get a valuations report to ensure their financial reporting is representative of fair value.

On the valuation side, a person needs to have a valuation to determine their assets and liabilities with expert support behind it.

Likewise, on the income side. Income reports are often required when a business is involved as it is not always clear from a person’s tax return what their income might be.

When it comes to commercial litigation where litigation has commenced or a lawsuit filed, our Chartered Business Valuators will be engaged to conduct a quantification process. This is required to either value a business or quantify the damages someone has suffered.

A CBV determines fair market value/fair value for the buyout of a shareholder.

Oppression remedy would be an example. Where it is revealed that a majority shareholder is acting in a manner that is unfair to minority shareholders, the minority shareholder can force the buyout of their shares through the courts.

Yes, “dispute advisory services” is a relevant and appropriate term to use in relation to litigation and support services. This term encompasses a broader range of services and can include various aspects of providing professional advice and support during legal disputes and litigation.

Collaborative practice and mediation services are related concepts, but they are not exactly the same thing. They both involve alternative dispute resolution methods, but they have distinct approaches and processes.

Collaborative practice refers to a method of resolving disputes in a non-adversarial manner. It is often used in family law, but it can also apply to other areas. In collaborative practice, each party is represented by their own attorney, and all parties, along with their attorneys, agree to work together to find mutually acceptable solutions.

While mediation is another form of alternative dispute resolution where a neutral third party, the mediator, facilitates discussions between the disputing parties. The mediator’s role is to help the parties communicate effectively, understand each other’s perspectives, and reach a voluntary agreement.

Here are other benefits of litigation support:

1. Expert Testimony: Litigation support professionals can provide expert testimony in court. Their expertise can help explain complex financial matters to judges.

2. Strategic Guidance: Litigation support professionals offer strategic insights to attorneys, helping them build a stronger case. They can identify key financial points to focus on, assess the strengths and weaknesses of financial arguments, and contribute to case strategy development.

3. Valuation Services: For cases involving business disputes, divorce, or estate matters, litigation support professionals can conduct thorough valuations of assets, businesses, or properties to determine fair values.

4. Credibility and Neutrality: Their objective and unbiased perspective adds credibility to the financial analysis, making the presented information more persuasive to opposing parties, judges, and juries.

5. Alternative Dispute Resolution: In addition to court proceedings, litigation support can be crucial in mediation or arbitration settings, assisting parties in reaching mutually agreeable resolutions.

A financial disclosure is a comprehensive document that provides a detailed overview of an individual’s or entity’s financial situation. The contents of a financial disclosure can vary based on the specific context and legal requirements, but here are the key components that should generally be included:

• Personal Information
• Income
• Assets
• Liabilities
• Bank and Investment Accounts
• Spousal and Child Support
• Other Financial Obligations
• Disclosure Affidavit

Typically, a financial disclosure is required in legal proceedings, such as divorce cases, business disputes, or court matters, to ensure transparency and accuracy in financial matters.