The fair value of shares and subscription rights is often a point of contention in corporate disputes. In the past, the value of shares has been an issue in disputes over management control in corporate reorganizations such as mergers, divestitures, and MBOs and in disputes with investment funds. The value of stock acquisition rights as call options has also become a key issue in recent years, mainly in disputes over whether stock acquisition rights constitute “favorable issuance.”

In this seminar, we will introduce the methods used for the valuation of shares and stock acquisition rights and the issues related to these methods in disputes, cover recent relevant cases, and explain how to work with third-party valuation in disputes.