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Family law advocates know where to turn for expertise in addressing economic controversies in divorces. Typically, lawyers seek expert advice with auditing financial records, valuing residential and commercial real estate, and actuarially determining the value of deferred assets like pension benefits. In many instances, the economic expert draws from accounting standards, real estate valuation standards and well-established actuarial standards. Some valuation determinations become controversial, with disputes over interpreting the data collected. Nonetheless, the valuation principles are usually well established in the particular financial field. Compare this with the guidance sought in child custody litigation when the courts consider input from custody evaluators. What are the standards for the custody expert? Do courts across the United States rely on established psychological standards? Now, the American Academy of Matrimonial Lawyers (AAML) has approved the Child Custody Evaluation Standards to provide the guidance that judges, attorneys and families across the country should embrace.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
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