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By Régis BONNAN Alain GREC, Profile Investment *
(A) What is an external litigation assessment and why does it matter?
For a claimant, a dispute may give rise to a right to compensation that needs to be properly valued and supported. For a respondent, the dispute may trigger the need to make a provision in the accounts. In each case, decision-makers, auditors, shareholders, and regulators expect reliable, fact-based information. The financial exposure needs to be assessed carefully, not only for compliance purposes but also to guide strategic choices. However, measuring the financial exposure in this specific context would remain a misleading fiction in the absence of a prior and necessary legal assessment...
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