He has been instructed as an expert in proceedings before courts and arbitral tribunals in jurisdictions including the UK, Singapore, Malaysia, Thailand, India, Australia, the BVI and Korea and he is regularly cross examined.
Iain is qualified as a Chartered Accountant in both England (ICAEW) and Singapore (ISCA), he is a Fellow of the Chartered Institute for Securities and Investments and he holds their Diploma as well as the ICAEW’s Corporate Finance Diploma. He is a member of the American Society of Appraisers and the National Association of Certified Valuators and Analysts, two of the leading business valuation professional bodies, and has passed both bodies’ business valuation accreditation exams. He is also qualified as a Chartered Valuer and Appraiser in Singapore and as a Fellow of the Expert Witness Institute.
Iain has managed a wide range of cases and has been appointed personally as an independent expert on dozens of occasions. He has advised clients and testified on matters including:
- valuation of mature businesses;
- valuation of early-stage joint ventures and start-up projects;
- valuation of minority interests in shareholder oppression claims;
- valuation of intangible assets including software;
- quantification of losses resulting from aborted joint ventures and projects;
- diminution in value claims following the breach of SPA warranties;
- GAAP compliance under differing European, Asian and Australian regulations;
- the content, format and calculation of completion accounts; and
- allegations of fraud or corrupt practices.
While his work necessarily covers a wide range of industries, Iain maintains a keen interest in the maritime sector having previously worked at a firm with a strong reputation for advising ship owners and managers and having been regularly involved in maritime disputes. He is a supporting member of the LMAA, a member of both the MLAS and IMSML and he has served as a tribunal-appointed expert in an UNCLOS arbitration.
Iain has led high-value loss of profit engagements around the world, including natural catastrophe business interruption claims arising from the 2010 Chilean Earthquake, 2011 Japanese (Great Tohoku) Earthquake/Tsunami and 2011 Thai Floods.
He is currently pursuing a number of areas of research, including a PhD with the University of Leicester where he is investigating the extent to which the time value of money as well as risk and uncertainty are reflected in awards of damages. He is also overseeing research projects with teams from the National University of Singapore’s Business School, focussing on the quantification of losses in shareholder claims and on the cost of capital applicable to Singapore-listed companies.
Iain delivers training on business valuation, economic damage quantification and other financial topics to legal professionals in Singapore and overseas and he is often invited to speak at conferences on developments in these areas.