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By SUPRIYA RAMDOWAR, Senior Manager, François MARÉCHAL, Partner Eysheeta MUNGUR, Manager, Haca Partners *
Luxembourg’s position as a global hub for alternative investments continues to evolve, and litigation-related assets are becoming interesting instruments for Fund Managers. Investors are also drawn to their uncorrelated returns, and yet, with opportunities come significant complexity. In a different context, when any investment fund is itself or in its portfolio involved in a litigation valuation, audit challenges are increased, especially when the impact may exceed the materiality thresholds set by the auditors.
This article explores the role of the auditor and the application of fair value principles, International Standards on...
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