LCRO 243/2013 ZAA v YBC (27 June 2017) [pdf, 267 KB]
...expression in “dollar terms” and not an “indicative” value. The intention was that the party who purchased VDE, which did not have a goodwill value recorded in its accounts, would receive a fair share of the $380,000 goodwill figure.14 He claims that neither he nor Mr UEF would have sold their respective interests for the goodwill figure of $119,216 which was included in the formula devised by Mr YBC and the accountant. 12...