COMMERCIAL DISPUTE RESOLUTION

Take the stress and worry out of commercial disputes with a director-led service that is dedicated to delivering the best possible results for you.

How Forensic Accounting Helps with the Resolution of Commercial Disputes

Forensic accountants can assist with various aspects of commercial dispute resolution. From casting a subjective eye over the merits of a claim, to calculating and quantifying damages, their service will be designed to take the worry out of what could be an extremely stressful and complex situation.

Why Work with Forensic Accountants

Commercial disputes are often incredibly complex and usually need both a robust approach and commercial know-how to get to the crux of the matter. A forensic accountant can provide just that, while doing everything they can to deliver a positive outcome for their client.

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If you are looking for expert commercial dispute resolution advice or support, get in touch with our team today.

Types of Commercial Disputes

There are many different root causes of commercial disputes, including:

  • Contractual disputes
  • Transactional disputes
  • Compulsory purchase orders
  • Shareholder/partnership disputes
  • Professional negligence

Because no two cases are ever the same, a specialist forensic accountant will take the time to thoroughly understand the circumstances of the situation and adjust their approach accordingly to provide a tailor-made solution for their client.

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Commercial Dispute Examples

Commercial disputes come in all shapes and sizes, and can sometimes be incredibly difficult to work through. From breach of contract and share valuation, to calculating lost profit claims and profit variance, utilising the expertise of a forensic accountant can be crucial to securing a positive outcome.

If a contract hasn’t been adhered to, and one party suffers a financial loss as a result, a forensic accountant can quantify the losses incurred. Their expertise can be sought in cases such as dereliction of duties, instances of defective work, failure to deliver agreed services in time or at all, and not paying for a specified service within the agreed timeframe.

A forensic accountant can analyse the proposed variation of a contract to quantify any losses that may occur should the changes go ahead. If a variation has already happened, they can also provide an assessment of damages that have been inflicted. Due to the potential impact a contract variation can have on a business, it is essential to seek assistance at the earliest opportunity.

Should a shareholder or business partner decide to step away from the organisation, disputes can arise surrounding the true valuation of shares. A forensic accountant will carry out an in-depth review of the company’s finances and quantify how much a person’s stake in the company is actually worth. They can also assist if a party believes they aren’t being paid the full value of their shares.

Loss of profit claims can arise from a variety of different reasons, and a forensic accountant can help the claimant prove the losses they’ve incurred. They do this by carrying out a ‘but for’ assessment of the situation, which involves deducing how the company would have performed if the event had not taken place. A forensic accountant can also act as an expert witness in court if necessary.

A profit variance is the difference between actual profit, and the forecasted profit in a set period. Should a variance occur and a business has suffered severe financial loss as a result, a forensic accountant can be brought in to quantify any damages.

Expert Commercial Dispute Advice from Inquesta Forensic

Inquesta Forensic is proud to offer an all-encompassing commercial dispute resolution service that is backed by decades of combined experience. Our aim is to reduce the stress on our clients and their operations, and provide industry-focused advice whenever it is required.

Completely comfortable acting on behalf of both claimants and defendants, we are able to provide an independent opinion on the merits of a claim, and will use our expert forensic accounting techniques to quantify any damages that may have occurred. We have been involved in a wide array of cases, such as contractual and transactional disputes, compulsory purchase orders, professional negligence claims, and much more besides.

Frequently Asked Questions

The Inquesta team are specialists in assisting with all areas of commercial dispute resolution, including cases involving:

  • Contractual disputes
  • Transactional disputes
  • Compulsory purchase orders
  • Shareholder/partnership disputes
  • Professional negligence

Our director and forensic accounting experts have vast amounts of experience in representing both defendants and claimants.

We offer a free initial consultation service that will assess the merits of your case to determine whether it has a good chance of success, and outline how we can help. Contact us today for more details.

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