Our experts performed a valuation of various assets being transferred under a proposed bankruptcy plan for the emergence of the company from Chapter 11 for the benefit of the Federal Bankruptcy Court in Nevada. The bankrupt company was a large casino and hospitality company primarily located in Las Vegas. Assets valued included intellectual property, customer databases, fixed assets and real property.
ASC 820: Determining fair value in circumstances of reduced market liquidity or inactivity
Challenging market conditions relating, at least in part, to the COVID-19 pandemic are reminiscent of the financial markets during the global financial crisis...