By Abhi Mathews CBV, CFA
Having worked in various professional firms, I recently discovered that one of the files that I worked on, recently, garnered national media attention and commentary from various family lawyers.
For the full text of the decision, please read one of the following:
This case was very a unique one to begin with but for me, personally, it was unique to see the inner workings of the file from a family law valuation / litigation for support end on both sides. I actually worked on the file from the applicant’s end, as I worked at Pettinelli Mastroluisi Valuations, who were the applicant’s valuation expert. I ended up working, next, for Kalex Valuations, who was the respondent’s valuation expert; but I note that I could not work on the file due to conflict reasons. However, I did have sufficient curiosity to discuss the details with my colleague, who was tasked with assisting on the file.
From a valuation perspective, there were numerous issues, primarily, relating to adequate disclosure provided to complete the Business Valuation of the respondent’s Business Interests and the Income Assessment Report, given murky disclosure available. Furthermore, this was compounded with the respondent lying not only to both experts but also to the court, the Canada Revenue Agency, and to the Citizenship and Immigration Canada. When I worked on the applicant’s side, the valuation involved more of a forensic exercise to determine the true value of the businesses that Mr. Blatherwick controlled. There were also issues relating to offshore documentation and the various offshore entities, ranging from BVI to Hong Kong.
At Minerva Valuation Advisors, we are trained as business valuators and financial analysts in a variety of settings including in a family law capacity, assisting the court in calculating spousal support and division of family property.