What are the estimated legal costs of a business and income valuator in a motion for sale?

Ontario, Canada


The following excerpt is from Romanelli v Romanelli, 2017 ONSC 1312 (CanLII):

The applicant does not provide the name of a proposed business and income valuator or his or her estimate of the anticipated costs; however this may very well be because she had not yet received a business valuation or adequate disclosure in order to estimate the costs of those valuations. The remainder of the figures are estimates of future legal costs. Although they lack specificity they are not what was referred to by Bielby J. as being “pulled out of the air”. Although there is no formal bill of costs attached to the applicant’s materials, there is a summary of anticipated steps and estimated expense of those steps which was also, at least, part of what was suggested to be necessary in a motion of this nature: see Harbarets v. Kisil, [2014] O.J. No. 4239 (S.C.J.) at para. 5. Indeed, other than fees and disbursements incurred to date, it would be difficult to produce a formal bill of costs as it is unknown exactly how long each of the steps would take.

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