From the Editor

Abstract

I hope this issue finds you all well.First, a few updates.The American Society of Appraisers has posted on its website updates to Valuing a Business, 6th edition, the current edition of Shannon Pratt's original primer on business valuation and one of the world's most respected valuation references. The updates posted include the following:The ASA announced it will be providing periodic updates to the resources and appendix to VAB6; the appendix and future updates are available at https://www.appraisers.org/shop/publications-and-subscriptions/books/valuing-a-business/appendix.Also, data on the Implied Private Company Pricing Line (IPCPL) are no longer being updated on the BVResources.com web site. The Business Valuation Review released the first article by Bob Dohmeyer and Peter Butler on the Implied Private Company Pricing Line in 2012, and subsequent articles were published on the topic in the Business Valuation Review and Business Valuation Update. Business Valuation Resources provided data for business valuation professionals to employ the IPCPL, which until recently was available at BVResources.com and was accessible through their cost-of-capital center. This information is no long being updated, but the old resources are still accessible through BVResources.com.In this issue, Joseph Thompsom and Paul Skluzak explore control premiums using decisions from the Delaware Court of Chancery. Also, Barry Cunningham provides some insights as to a real estate appraiser's consideration of property rights as well as the impact of this on the valuation of intangible assets. And, last but not least, Erin Hollis provides a current business valuation case law update. Thanks to all of our authors for sharing their insights.As always, we invite our readers to submit articles on new or interesting content, such as case law updates such as that provided by Erin, practical tips like those provided by Barry, or general observations. Feel free to e-mail me (kgarcia@finresearch.com) any thoughts for articles or letters you may have, and I will be happy to discuss those with you.Please enjoy this issue.