New edition of business valuation law handbook

The law of business valuation is highly fluid, and its involvement with approaches and terminology from microeconomics and business administration can pose a difficulty for lawyers. The Rechtshandbuch Unternehmensbewertung (Handbook of business valuation law), edited by Institute director Holger Fleischer with Rainer Hüttemann, teases out the specifically legal dimensions of business valuation and amplifies the ways in which this body of law is integral to the economic valuation methods as well as the practices of professionals in this field.

The recently published third edition addresses ongoing developments with coverage of new topics including chapters on the valuation of start-ups, valuations in the context of state liability, and de minimis provisions in regard to buyout pricing (penned by Holger Fleischer). Fleischer devotes almost 100 pages to amplifying the newly constituted valuation rules for partnerships and GmbHs since the law of partnerships was modernized, and the new edition also contains more thorough coverage of trial, appellate and supreme court jurisprudence than its predecessors.

As with earlier editions, the editors have made it a point to recruit authors from the full range of professions involved in business valuation, including law professors, business professors, accountants, lawyers and judges. This holistic approach should provide an accurate account of both the fundamentals and the minutiae of the law of business valuation and its practical application.
 

Image: © Max Planck Institute for Comparative and International Private Law