Advocating for the Adoption of International Valuation Standards within the Legal Community
As a globally recognised standard-setting body, the IVSC is dedicated to developing and promoting consistent, high-quality valuation practices worldwide. Our mission is to ensure that valuations are reliable, transparent, and universally applicable, fostering confidence and trust across financial markets and diverse sectors.
The legal community plays a critical role in the adoption and implementation of these standards. Whether it’s in litigation, arbitration, financial reporting, or regulatory compliance, accurate and consistent valuations are essential for fair outcomes and informed decision-making. The IVSC works closely with legal professionals, offering guidance and resources to integrate international valuation standards into legal practices effectively.
By advocating for the adoption of these standards, we aim to bridge the gap between valuation professionals and the legal community, ensuring that the principles of transparency, consistency, and reliability underpin every valuation used in legal contexts. Explore our resources, join our initiatives, and become part of a global movement towards standardised, high-quality valuations that enhance trust and efficiency in the legal arena.
Why are the International Valuation Standards important for legal professionals?
For legal professionals, including lawyers, judges, expert witnesses, arbitrators, and other stakeholders, the International Valuation Standards (IVS) are fundamental, guaranteeing the integrity, credibility, and consistency essential to valuations. These standards provide a robust framework that guides the uniform valuation of assets and liabilities across jurisdictions. Acquaintance with the IVS enhances confidence in valuations through a globally agreed best practice framework, aiding in dispute resolution, contract negotiation, and legal advisory roles, thereby ensuring more reliable and credible outcomes in the complex domain of global finance.
Key Benefits of the IVS for Legal Professionals:
- Enhancing credibility and integrity: IVS provide a framework for conducting valuations in a consistent and comparable way. Legal professionals adhering to IVS bolster their credibility across diverse legal contexts, including commercial litigations and cross-border disputes, by ensuring valuations align with internationally recognised standards.
- Consistency and comparability: IVS provide legal professionals with a consistent framework for valuing assets and liabilities, facilitating comparisons and ensuring uniformity in valuations essential for various legal proceedings, from commercial litigation to investor-state disputes.
- Principles-based Standards: IVS are principles-based, empowering legal professionals to present robust valuations in various legal contexts, reducing delays and uncertainties. Referring to the IVS can help reinforce legal positions in negotiations, irrespective of jurisdiction or context.
- Global recognition and collaboration: The global recognition and adoption of IVS simplify the process for legal professionals engaged in valuations to operate across various countries and legal systems. This expands their prospects to work internationally, broadening their relevance to international clients who seek uniformly consistent valuations in their home jurisdiction.
- Staying informed: IVS are regularly updated to reflect the latest developments in the industry, ensuring that legal professionals are informed about the latest trends, techniques and best practices.
Legal Outreach Survey
Are you a legal professional involved in valuation matters, or a valuation professional involved with legal work?
The IVSC seeks your input and expertise for a Legal Outreach Survey aiming to gather feedback on legal aspects of valuation practices worldwide. The survey aims to capture insights on potential engagement topics and partnerships, informing IVSC’s efforts to collaborate with the legal and judicial communities.
Your input will support the development and advancement of International Valuation Standards (IVS) and valuation professionalism in this domain, promoting consistency and professionalism for the public good.
Work With Us
Join us in our mission to elevate the standards of valuations worldwide! Legal professionals and valuers play a crucial role in ensuring fairness, transparency, and consistency in financial markets. By working with the International Valuation Standards Council (IVSC), you contribute to the adoption of globally recognised best practices that enhance confidence and reliability in valuations.
Here are some ways to get involved:
- Providing feedback: Legal professionals can contribute to the work of the IVSC by providing feedback and suggestions on how the IVS can be improved to better meet their needs. This can include providing input on what types of valuations are most important to them, what types of information they need to conduct valuations, and what types of assurance they need that valuations are accurate and reliable.
- Participating in IVSC working groups: Legal professionals can contribute to the work of the IVSC by participating in working groups that are focused on specific areas of the IVS. For example, in working groups that are focused on developing new standards in areas such as ESG, or on improving the reporting of valuations.
- Supporting the adoption of the IVS: Legal professionals can adopt and promote the IVS. This can include encouraging their clients and stakeholders to use the IVS when conducting valuations, and promoting the use of IVS among their peers and professional organisations. They can also stay informed and updated with the latest IVS and strive to align their valuations with the standards set by IVSC.
- Become a Member or Sponsor: Legal professionals can support the work of the IVSC in developing IVS and promoting valuation professionalism and best practice by joining the IVSC as a member or sponsor organisation. Members and sponsors are at the forefront of the advancement of IVS and best practice, helping to build confidence in valuation for the benefit of all stakeholders.
Together, we can bridge the gap between legal and valuation disciplines, fostering a more trustworthy and efficient global financial landscape. Your expertise and commitment are essential in driving this transformative change.
Upcoming Events
From webinars and workshops to international conferences, the IVSC is keen to partner legal stakeholders to foster collaborations and learning. Don’t miss the chance to connect with experts and peers in the field. If you’re interested in partnering with us or have any queries, please reach out to us. We look forward to working together to advance the standards of valuation practices with the global legal community.
