Should expert evidence be allowed?
Sisu’s QC has asked that we look at a legal precedent set by the sale of a luxury Swiss hotel.
Why is this relevant? He says the case centred on the value of the hotel and how that value was reached.
The case contains a summary of valuation law. He refers to an example of how a valuation should be made.
In that example he says evidence from expert witnesses was allowed, and so, he argues, that should be allowed here.
He says if their expert evidence is not allowed, the court would essentially be “taking the council’s word for it” because the existing valuations of the Ricoh Arena were prepared at the instruction of the council and are not as independent as evidence prepared directly for the court.
Sisu’s QC wants evidence included from a Mr Pilgrim (valuation expert) and a Mr Rathbone (marketing expert).
