Litigation

Statement of No Advice

by Fiona Bateman 27 January 2010

We have been amazed at the number of people who are being asked to sign a “Statement of No Advice” by their financial Advisors. Why would the advisors ask you to do that? They don’t have to take responsibility for their advice.  If they don’t want to take responsibility why would you trust them? They don’t have to disclose how [...]

Read the full article →

Going Into Business With Friends

by Arnold Shields 22 December 2009

As forensic accountants, we often see the results of poor partnerships, ones that aren’t planned properly and that end in tears and litigation. Many people will say “don’t go into business with friends, it will just end in tears” but partnerships have a four times greater chance of success than a sole proprietor. A sole proprietor will often find that [...]

Read the full article →

Using the Internet for Litigation Research

by Arnold Shields 14 October 2009

We use Google and the internet as a valuable research tool in almost all our forensic accounting litigation matters. The information available enables us to check the stories of both the plaintiff and defendant against other sources of information.

Read the full article →

Observations of the Family Law Single Expert System

by Arnold Shields 28 August 2009

I have been a single expert in the Family Court for business valuations and superannuation valuations for a number of years now and I thought that I would put forward my observations of the system.

The single expert system was introduced in part to reduce the costs of litigation.

Read the full article →

Holiday Home into Superfund – Financial Planning Litigation

by Fiona Bateman 29 July 2009

Another instance of bad financial planning advice that we have come across recently, where the advisor gave advice without any regard to capital gains tax, stamp duties, income tax and superannuation fund regulations.

Read the full article →