Financial disputes, claims for damages, and business-related conflicts often require an in-depth, objective, and professional financial analysis. In such cases, an independent forensic financial expert's opinion plays a crucial role. Based on facts, evidence, and internationally recognised methodologies, it provides courts and the parties involved in a dispute with a clear and well-supported understanding of complex financial matters.
We provide forensic financial advisory services in both litigation and out-of-court dispute resolution, working closely with courts, legal counsel, businesses, and other stakeholders. Our objective is to assist clients in understanding complex financial issues, assessing damages, determining the value of a business, and evaluating the financial consequences of various actions or events.
Our multidisciplinary team includes experienced professionals in finance, audit, business valuation, tax, and law, combining financial expertise with a thorough understanding of the legal environment. This integrated approach enables us to deliver effective support in complex and sensitive matters where financial issues are closely intertwined with legal and commercial considerations.
Forensic financial services are most commonly required in litigation where an independent and professional opinion on financial matters is needed. In such engagements, the financial expert acts as an objective specialist, providing a well-reasoned opinion based on documentation, financial data, and recognised analytical methodologies.
Our expert reports are prepared in a clear, structured, and court-friendly format while maintaining the highest professional and methodological standards.
One of the key responsibilities of a forensic financial expert is the assessment of damages. Financial losses may arise as a result of breach of contract, unlawful conduct, fraud, business interruption, or other circumstances. Quantifying such losses requires not only detailed financial analysis but also a thorough understanding of the company's business model, market environment, and the causal relationship between the event and the resulting financial impact.
We assist clients with:
Damage assessments are performed using internationally recognised methodologies and best practices, ensuring that our conclusions are objective, well-founded, and capable of withstanding scrutiny in legal proceedings.
Our forensic financial services follow a structured and transparent methodology. Every engagement begins with defining the scope and objectives of the assignment, followed by a detailed review of relevant documentation and financial information, selection of the most appropriate analytical methods, and preparation of our conclusions.
Particular attention is paid to ensuring that our findings are logical, verifiable, and clearly understandable even to individuals without a financial background, including judges, arbitrators, and other participants in dispute resolution proceedings.
The results of our analysis and calculations are presented in a comprehensive written expert report, detailing the circumstances of the case, the methodology applied, the financial information used, the analytical process, and the conclusions reached, together with the underlying assumptions and supporting rationale.
Where required, we work closely with our clients' legal advisers to ensure that our expert opinion provides maximum value within the specific legal proceedings. Upon request, our experts also provide oral testimony and explanations before courts or during negotiations between the parties.
Our forensic financial services are founded on the principles of independence, objectivity, and professional integrity. We recognise that our expert opinions may have a significant impact on the outcome of legal proceedings, and we therefore approach every engagement with the highest level of professional care and responsibility.
Grant Thornton Baltic carried out financial due diligence of defence-sector company Lightspace Technologies prior to its acquisition, analysing the company’s financial performance, growth prospects and transaction-related risks.
Grant Thornton Baltic provided business and asset valuation services as part of the Latvijas Dzelzceļš Group’s restructuring process, assessing the assets and liabilities of the merging entities to support a share capital increase and the implementation of the reorganisation.
Grant Thornton Baltic is a trusted partner to Eiropas Dzelzceļa līnijas in the Rail Baltica project in Latvia, providing real estate valuations, verification of compensation claims, expert assessments, and professional advisory services.
