In insolvency proceedings, the authorised assessor is one of the actors with a very important role. This role is fulfilled by understanding the impact that the outcome of the assessment has on the decisions that the parties involved have to make for those companies.

FairValue has notable experience in vaing in insolvency proceedings.
The team includes authorised assessors who also hold the status of insolvency practitioner, which is an asset for an easy understanding of the steps that are being taken in the procedure. As authorized appraisers, we must comply with both the Asset Valuation Standards and the legislation in force at the time of valuation. Before proceeding to the valuation of the debtor's assets, understanding the procedural stage at which the company is located is essential. After identifying the stage of the procedure, following discussions with the insolvency practitioner, we establish the type of value (market value and/ or liquidation value) that we are going to estimate and the premise in which the value will be estimated.

For example, according to the SEV, the liquidation value can be determined in two premises: orderly sale or forced sale. The differences between the market value and the liquidation value on the premise of forced selling can be significant. Therefore, it is very important that the type and premises of the value are discussed and established together with the insolvency practitioner before the start of the valuation. The law provides for the need to draw up evaluation reports during the insolvency procedure, within several stages of it.  

At the observation stage,the judicial administrator analyses the legal and property situation of the company to determine whether there are real prospects for saving the company, on the basis of a reorganization plan, or, where appropriate, whether the company needs to be wound up, as it can no longer be revitalised.