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Litigation Support
At Merit Valuations, we understand that financial matters in litigation can be complex. Crystal Hawryluk and Merit Valuations are dedicated to navigating these intricate financial challenges with a focus on providing conclusions that are both reasonable and firmly supported by sound methodology.
Litigation Support Experience
Crystal Hawryluk has been qualified as a financial expert in business valuation and quantification of business losses, testifying at the Court of Queen's Bench of Alberta (now known as the Court of King's Bench of Alberta) and the Alberta Land Compensation Board (now known as the Alberta Land and Property Rights Tribunal). Her experience as a financial expert witness reflects her ability to provide the highest level of financial expertise in litigation support, contributing to just and informed conclusions in legal proceedings.
Reasons for Litigation Support
Navigating legal disputes involving complex financial matters can be challenging and overwhelming. In such cases, having a dedicated financial expert is essential. Our litigation support services at Merit Valuations provide invaluable assistance by offering expert insights, comprehensive financial analysis, and expert witness testimony. Here's why you may need financial expert services:
Complex Financial Matters: Legal disputes often involve complex financial components that require a deep understanding of financial intricacies. Our expertise in financial matters ensures that you receive comprehensive and accurate financial analysis.
Reasonable and Supportable Conclusions: Our focus is on providing conclusions that are not only reasonable, but also supported by sound methodology. This is crucial in ensuring that your side of the dispute is well-prepared and fortified with solid financial evidence.
Expert Witness Testimony: Crystal Hawryluk's experience as an expert witness at the Court of Queen's Bench of Alberta and the Alberta Land Compensation Board adds a level of credibility to your case that can be invaluable in legal proceedings.
Fair Compensation: In cases of expropriation or disputes involving business valuations, having a financial expert can assist with receiving fair compensation for your business losses.
Alberta Land Compensation Board Decisions
Celtic Land Development Corp. and Celtic Homes Inc. v Edmonton (City), 2018 ABLCB 8
Summary: Crystal Hawryluk acted as a financial expert for the Claimants (Celtic Land Development Corp. and Celtic Homes Inc.). The Claimants were seeking compensation arising from the expropriation of land and a hangar at the Edmonton City Centre Airport, from which the Claimants operated a business manufacturing modular homes. Compensation sought by the Claimants included the market value of the hangar lease, damages attributable to disturbance (including business losses, executive time and losses from certain equipment and material sales), as well as seeking determination from the Alberta Land Compensation Board as to whether the Claimants should be compensated for a new facility or the cost of capital to finance the facility. Crystal Hawryluk was qualified as an expert in business valuation and quantification of business losses. The Claimants were awarded compensation totalling approximately $6.2 million, of which approximately $1.66 million was for business losses.
E-Z Air Inc. and E-Z Air Helicopter Training Inc. v Edmonton (City), 2018 ABLCB 7
Summary: Crystal Hawryluk acted as a financial expert for the Claimants (E-Z Air Inc. and E-Z Air Helicopter Training Inc.). The Claimants applied to the Alberta Land Compensation Board for a determination of compensation arising from the expropriation of lands located at the Edmonton City Centre Airport from which the Claimants operated a helicopter training school and provided helicopter charter and maintenance services. The Claimants were seeking compensation for the market value of a sublease and license, disturbance damages from the sale of a helicopter and helicopter equipment, the purchase of a helicopter simulator, executive time and business losses alleged to have been caused by the expropriation process and the actual expropriation. Crystal Hawryluk was qualified as an expert in business valuation and business losses. The Claimants were awarded disturbance damages totalling approximately $525,000 of which $345,000 was for business losses.