Business case
Our client was subject to a litigation case from a Dutch investment company related to its investments in a large residential and commercial construction project in the suburbs of Istanbul. The claim was divided into two parts: damages resulting from the termination of the project and damages resulting from apparent harm to other potential opportunities in Turkey.
Our report was highly technical, and it was important to ensure that it was clear without oversimplifying the content. Our added value was our experience in the real estate sector and in valuation.
For the quantum, we analysed actual sales, costs and sources of funding in order to understand the events leading to the termination, counter the opposing party’s assumptions and prepare the basis of our own valuation. We also assessed the ripple effect that the Dutch company claimed the project had on its other potential projects in Turkey. We were able to prove that the situation outlined by the Dutch company had been grossly exaggerated and that the valuation of such potential opportunities was neither reasonable nor reasonably substantiated.