Valuation of shares

Chilukuri and another v RP Explorer Master Fund [2013] EWCA Civ 1307, [2013] All ER (D) 341 (Oct); NLJ 8 November

In any complicated process of valuation (in the instant case, valuation of shares as part of calculating damages in a case based on breach of contract), the valuer had to take the relevant aspects of the world as he or she found them (unless constrained by his or her instructions), and he or she had, after looking at each element of the process, to stand back and ask himself or herself whether his or her provisional valuation made commercial or business sense, viewed in the round.