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Financial remedies: SJE valuations, business discounts and sale costs—guidance from BY v GC (No 2) [2025] EWFC 397 on Daniels v Walker refusals, shadow experts and parties’ opinion evidence.

Published on: 08 December 2025

Published by a LexisNexis Family expert
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BY v GC (No 2) [2025] EWFC 397 What are the practical implications of this case?

Although the decision does not depart from the prevailing orthodoxy on computation and expert evidence, it remains a practically helpful authority for practitioners. Its utility arises in several ways:

  1. It offers a detailed demonstration of how compelling single joint expert (SJE) valuation evidence can be where the expert reaches robust conclusions and presents well at trial (paras [116], [117], [207]).
  2. It serves as useful authority for advisers acting for clients (as with the husband in this case) whose own direct personal experience may enable them to give their own opinion evidence on business valuation (para [94]).
  3. It may provide some succour to clients whose Daniels v Walker [2000] Lexis Citation 2817, [2000] All ER (D) 608 applications have been refused.

Taken together, these points uphold established practice whilst clarifying its practical application...

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