Economic damages measured, and defended under cross-examination.
VALLARIS™ quantifies the financial loss in contract, shareholder, IP and tort disputes: lost profits, loss of value and business interruption, as an independent expert for courts and arbitral tribunals.
What is economic damages and loss quantification?
Economic damages are the financial loss caused by a breach of contract, a tort, a shareholder dispute or an IP infringement. Quantifying them means building the but-for scenario, what would have happened without the wrong, and measuring lost profits, lost value or extra costs against what actually happened, in a form a court or tribunal can test.
The moments this work is for.
A contract has been breached
You want the loss measured on a basis the tribunal will accept, before you decide how to proceed.
A claim has been made against you
You want an independent view of quantum, and a critique of the claimant’s numbers.
IP or a business has been harmed
Infringement, lost customers or interruption needs the loss in value measured.
The work, and what it delivers.
- A quantum modelThe but-for and actual scenarios, and the loss between them.
- An expert reportIndependent, reasoned and written for the tribunal.
- Critique of the other expertWhere their assumptions move the number, and by how much.
- TestimonyEvidence in person, including joint expert meetings.
Four steps, one adviser.
- InstructionThrough your lawyers, with the legal basis of the claim.
- ModelBut-for and actual scenarios from the evidence.
- ReportQuantum, with sensitivities and alternatives.
- TestifyExpert meetings, hearing and cross-examination.
A named signature behind every number.
Quantum is where a strong claim is often won or lost. I build the but-for case from the evidence, and I am a Fellow of the Asia Pacific Institute of Experts, where admission requires prior oral expert evidence in court or arbitration.
Siong Yoong
About VALLARIS™ →
Tested under cross-examination. Preferred at first instance, and affirmed on appeal.
His forensic-accounting evidence, in the judges’ own words, from the published judgments.
Forensic accounting, a partnership dispute.
“There was nothing new adduced from Mun during his cross-examination that altered what was stated in Mun’s report.”
“…the court is of the view that’s (sic) Mun testimony and expert reports are to be preferred. Mun offered a more objective and balanced analysis…”
The same matter, on appeal.
“We agree with the Judge that Mun’s evidence should be preferred. Mun’s evidence was more credible and objective, and the conclusions he reached were well-reasoned and supported by the evidence.”
Fellow, Asia Pacific Institute of Experts.
FAPIEx. Admission requires prior oral expert evidence in court or arbitration. Registered expertise includes forensic accounting and economic damages.
Reports submitted to the Singapore International Arbitration Centre, the Supreme Court and the Family Justice Courts of Singapore.
How ready are you for economic damages? See your score now.
Six questions. Your score and focus areas appear as you answer. No email needed.
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Thirty minutes, confidential, and no fee for the first conversation.
What clients ask about economic damages.
What are economic damages?
Economic damages are the measurable financial losses caused by a wrong, such as lost profits, loss in the value of a business or asset, and additional costs incurred.
What is a but-for analysis?
A but-for analysis models what would have happened if the breach or wrong had not occurred, and compares it with what actually happened. The difference, adjusted for mitigation and timing, is the loss.
What is the difference between lost profits and loss of value?
Lost profits measure the earnings lost over a period. Loss of value measures the fall in the value of a business or asset as a whole. Which applies depends on the facts and the legal basis of the claim, and the two must not be double-counted.
Can you work for either the claimant or the respondent?
Yes. The expert’s duty is to the court or tribunal, so the analysis is the same whichever party gives the instruction.
Do you work on arbitrations?
Yes, including matters before the Singapore International Arbitration Centre, as well as the Singapore courts.
Often needed together.
Forensic accounting
Forensic accounting applies accounting and investigation to a legal question: tracing funds, testing transactions, reconstructing accounts and measuring loss, to a standard that stands up in court or arbitration.
Intangible asset and IP valuation
Intangible asset valuation sets the value of assets you cannot touch: patents, trademarks and brands, software and technology, customer relationships, licences and know-how.
Business valuation
A business valuation sets what a company is worth, on a stated basis of value and at a stated date.