IVAS-IVSC Business Valuation Conference 2017

Business Valuation is gaining prominence with the increase in M&A activities in the region and Singapore’s growth as an international centre for litigation proceedings and arbitration. The demand for Business Valuation as a valued skill set is also growing rapidly together with the rising importance of fair value measurement in financial reporting and intellectual property in business.

The IVAS-IVSC Business Valuation Conference will bring together a prominent line-up of speakers from the United Kingdom and the Asia Pacific, including Singapore’s Senior Minister of State for Law and Finance, Ms Indranee Rajah, as guest of honour; and Sir David Tweedie, Chairman of the International Valuation Standards Council as keynote speaker. They will discuss key trends and developments in Business Valuation with an expected turn-out of more than 300 Business Valuation professionals from the region.

The Singapore Accountancy Commission set up IVAS, or the Institute of Valuers and Appraisers, Singapore in 2013 to develop Singapore into a Centre of Excellence for Business Valuation. IVAS is a member of the International Valuation Standards Council (IVSC), the global standard setter for valuation. Together, they are bringing the IVAS-IVSC Business Valuation Conference 2017 to Business Valuation professionals from Singapore and the Asia Pacific region to share knowledge and experience, and possibly, build friendships for mutually beneficial collaborations.

Programme

Day 1: 2 November 2017 (Plenary)
8.15am - 9.05am	Registration
9.05am - 9.15am	Opening Address by Mr Eric Teo, Chartered Valuer & Appraiser (CVA) Chairman, Institute of Valuers and Appraisers, Singapore
9.15am - 9.30am	Welcome Address by Ms Indranee Rajah Senior Minister of State for Law and Finance
9.30am - 10.00am	Keynote Address by Sir David Tweedie Chairman, Board of Trustees, Internation Valuation Standards Council
10.00am - 10.30am	Tea Break
10.30am - 11.00am	Business Valuation Market Study 2017: Understanding ASEAN Mr Andre Toh, CVA Partner, Ernst & Young Solutions LLP ASEAN Valuations & Business Modelling Leader
11.00am - 12.00pm	Business Valuation Trends and Developments in ASEAN Moderator Mr Andre Toh, CVA Partner, Ernst & Young Solutions LLP ASEAN Valuations & Business Modelling Leader Panellists Mr Chaly Mah Chairman, Singapore Accountancy Commission Sir David Tweedie Chairman, Board of Trustees, International Valuation Standards Council Mr Lie Kok Keong, CVA Partner, Valuation Leader, PwC Mr Vishal Sharma, CVA Executive Director, KPMG Corporate Finance Pte Ltd
12.00pm - 1.15pm	Networking Lunch
1.15pm - 1.45pm	State of Adoption of International Valuation Standards in APEC Mr Nicholas Brooke Chairman, Professional Property Services Limited and Project Leader, APEC/IVSC Valuation Initiative
1.45pm - 2.45pm	Harmonising Valuation Practices in APEC Moderator Mr Jay Moorthy, CVA Partner, PwC Malaysia Panellists Mr Eric Teo, CVA Chairman, Institute of Valuers and Appraisers, Singapore Professor Jiang Wei Head, Department of Finance, College of Economics, Shenyang University Ms June Sim Senior Vice President and Head, Listing Compliance, Singapore Exchange Regulation (SGX) Mr Nicholas Brooke Chairman, Professional Property Services Limited and Project Leader, APEC/IVSC Valuation Initiative
2.45pm - 3.30pm	Business Valuation in Action: Lessons from the Arbitration Centre and Courts Mr Nish Shetty Partner, Head, International Arbitration & Dispute Resolution (Asia Pacific) Clifford Chance
3.30pm - 4.00pm	Tea Break
4.00pm - 4.30pm	Value and Innovation: Creating Value through Intellectual Property Mr Tay Woon Teck, CVA Partner, RSM
4.30pm - 5.30pm	IP Financing for Value Creation Moderator Mr Tan Shau En Chief Financial Officer / Assistant Chief Executive, Commercialisation, Intellectual Property Office of Singapore Panellists Mr Jay Shaw Partner, Grant Thornton New Zealand Ltd Mr Keoy Soo Earn, CVA Regional Managing Partner, Financial Advisory, Deloitte Southeast Asia Mr Sean P. Flanigan Director, Industry Liaison Office, NUS Enterprise, National University of Singapore Mr Tay Woon Teck, CVA Partner, RSM

The programme is subject to changes.

Day 2: 3 November 2017 (Please select ONE track only)
	Breakout Session A: Professsional Services Track	Breakout Session B: Corporate/In-house Track
8.30am - 9.00am	Registration Please bring along your name badge issued to you on 2 Nov 2018 for entry into the conference venue.
9.00am - 9.45am	The Acid Test of a Professional Valuer: Valuation of Young and Start-up Companies Mr Adam Sutton, CVA Managing Director, Valuations, PwC Dr Jeffrey Chi Vice Chairman (Asian Investments), Vickers Capital Group	Unlocking the Hidden Value: Valuation of Companies with Substantial Intellectual Property and Intangible Assets Mr Jay Shaw Partner, Grant Thornton New Zealand Ltd
9.45am - 10.30am	Pushing the Technology Envelope: Benefits and Limitations of Computer-Generated Business Valuations Mr Chay Yiowmin, CVA Partner and Head of Corporate Finance, BDO Singapore	Unlocking Value: How Valuations Shape Corporate Strategy Moderator Mr Vishal Sharma, CVA Executive Director, KPMG Corporate Finance Pte Ltd Panellists Mr Andreas Duerst Co-Founder and Director, 1GV Prime Mr Mahboob Mahmood CEO, Knowledge Platform Mr Sajjad Akhtar, CVA Executive Chairman, PKF-CAP LLP
10.30am - 11.00am	Tea Break
11.00am - 11.30am	Unlocking the Value of Conglomerates with Multi-Business Segments Mr Andrew Ooi, CVA Partner & Leader - Valuation & Modelling Services, Southeast Asia, Deloitte LLP	Portfolio Valuation for Alternative Investment Industry: An Investors’ Perspective Ms Srividya Gopalakrishnan, CVA Managing Director, Duff & Phelps Singapore Pte Ltd
11.30am - 12.30pm	Conglomerate Redux: Valuing Asia’s Family-Owned Conglomerates Moderator Dr Andrew Lee, CVA Associate Professor of Accounting Practice, Singapore Management University Panellists Mr Andrew Ooi, CVA Partner & Leader - Valuation & Modelling Services, Southeast Asia, Deloitte LLP Mr Ashish R. McLaren, CVA Director, Duff & Phelps Singapore Pte Ltd Mr Philip Lee Head of Asia-Pacific, Desktop Product Operations, S&P Global Market Intelligence	11.30 am – 12.00 pm: Valuation of Companies with Substantial Biological Assets Mr Srinivasan Venkita Padmanabhan President, Olam International Ltd 12.00 pm – 12.30 pm: In Conversation with Mr Srinivasan Venkita Padmanabhan Interviewer Mr Chris de Lavigne Principal, KPMG Singapore
12.30pm - 1.45pm	Networking Lunch
1.45pm - 2.30pm	Taking the Stand: A Look at the Quantification of Damages, Loss of Profits and Expectations of Valuation Experts Mr Paul Tan Partner, International Arbitration, Rajah & Tann Singapore LLP	Business Valuation in Developing Economies: Determining the Cost of Capital Mr Navin Vohra Partner - Transaction Advisory Services India Head - Valuation & Business Modelling, Ernst & Young LLP
2.30pm - 3.30pm	Getting a Second Wind: Valuation of Mature Companies in Transition Moderator Associate Professor Edmund Keung Head of Accounting Department, National University of Singapore Panellists Mr Alex Tan Chief Executive Officer, ZICO Capital Pte Ltd, Singapore Mr Leonard Woo, CVA Partner, Financial Advisory, Deloitte Southeast Asia Mr Liau H.K. Managing Director, Asian Corporate Advisors Mr Will Hoon Partner, Stern Stewart & Co.	Communicating Value: What Investors Look For Moderator Ms Doris Yee Director, Singapore Venture Capital & Private Equity Association Panellists Mr Desmond Teo Partner, Financial Services Tax; International Tax Services, Ernst & Young Solutions LLP Mr Mah How Soon Managing Director, RHT Capital Pte Ltd Mr Mun Siong Yoong, CVA Partner, Deal Advisory, Baker Tilly Consultancy (Singapore) Pte Ltd Mr Simon Chan, CVA Regional Director, JLL Corporate Appraisal and Advisory Ltd
3.30pm - 4.00pm	Tea Break
4.00pm - 4.30pm	Assessing the Value of Frontier Market Companies: Lessons from a Fund Manager in Vietnam Mr Jason Ng CEO & Executive Director, VCG Partners Pte Ltd	Valuation of Declining Companies: Finding Gems in Distressed Assets Mr Barry Lau Co-Founder, Managing Partner and Chief Investment Officer (Private Credit), Adamas
4.30pm - 5.30pm	View from the Foxhole: Conducting Valuation with Incomplete Data Moderator Professor Jiang Wei Head, Department of Finance, College of Economics, Shenyang University Panellists Mr Jason Ng CEO & Executive Director, VCG Partners Pte Ltd Mr Joseph Yap Partner, Equity Capital Markets, SAC Capital Private Limited Mr Mun Siong Yoong, CVA Partner, Deal Advisory, Baker Tilly Consultancy (Singapore) Pte Ltd	Distressed and Special Situations: The Track Record Moderator Mr Terence Ang, CVA Partner, Valuation Advisory, RSM Panellists Mr Barry Lau Co-Founder, Managing Partner and Chief Investment Officer (Private Credit), Adamas Mr Gary Doran Partner, Restructuring Services, Hong Kong, Deloitte Touche Tohmatsu Limited Mr Sushil Nair Deputy CEO and Co-Head of Corporate Restructuring & Workouts Practice Group, Drew & Napier LLC

The programme is subject to changes.

Speakers

Guest of Honour Ms Indranee Rajah Senor Minister of State for Law and Finance
Keynote Speaker Sir David Tweedie Chairman, International Valuation Standards Council

Guest of Honour
Ms Indranee Rajah
Senor Minister of State for Law and Finance

Keynote Speaker
Sir David Tweedie
Chairman, International Valuation Standards Council

Speakers below are listed in order of the conference programme.

Mr Eric Teo, Chartered Valuer & Appraiser, Chairman, Institute of Valuers and Appraisers, Singapore
Mr Andre Toh Chartered Valuer & Appraiser, Partner, Valuation and Business Modelling, ASEAN Valuation & Business Modelling Leader, Ernst & Young Singapore
Mr Chaly Mah Chairman, Singapore Accountancy Commission
Mr Vishal Sharma, Chartered Valuer & Appraiser, Executive Director, KPMG Corporate Finance Pte Ltd
Mr Nicholas Brooke Chairman, Professional Property Services Limited and Project Leader, APEC-IVSC Valuation Initiative
Mr Lie Kok Keong, Chartered Valuer & Appraiser, Partner, Transactions, PwC
Prof. Jiang Wei Head of Department of Finance, College of Economics, Shenyang University
Mr Nish Shetty Partner, Head, International Arbitration & Dispute Resolution (Asia Pacific), Clifford Chance
Mr Tay Woon Teck,Chartered Valuer & Appraiser, Partner, RSM
Mr Tan Shaun En Chief Financial Officer, Assistant Chief Executive (Commercialisation), Intellectual Property Office of Singapore
Mr Keoy Soo Earn, Chartered Valuer & Appraiser, Regional Managing Partner, Financial Advisory, Leader, Mergers & Acquisitions, Deloitte SE Asia
Mr Jay Shaw Partner, Grant Thornton New Zealand Ltd
Mr Sean P. Flanigan Director, Industry Liason Office, NUS Enterprise, National University of Singapore
Dr Jeffrey Chi, CFA, Managing Director, Vickers Venture Partners
Mr Adam Sutton, Chartered Valuer and Appraiser, Managing Director, Valuations, PWC
Mr Chay Yiowmin, Chartered Valuer and Appraiser, Partner, Head of Corporate Finance, Singapore, BDO
Mr Leigh Miller, Global and Americas Valuation and Business Modelling Leaders, Transaction Advisory Services, Ernst & Young
Mr Andrew Ooi, Chartered Valuer & Appraiser Partner & Leader - Valuation & Modelling Services, Southeast Asia, Deloitte LLP
Mr Philip Lee Head of Asia-Pacific Desktop Product Operations, S&P Global Market Intelligence
Mr Cavinder Bull, S.C Chief Executive Officer, Drew & Napier LLC
Associate Professor Edmund Keung Head of Accounting Department, National University of Singapore
Mr Will Hoon Partner, Stern Stewart & Co.
Mr Jason Ng CEO & Executive Director, VCG Partners Pte Ltd
Mr Joseph Yap Partner, Equity Capital Markets, SAC Capital Private Limited
Mr Sajjad Akhtar, Chartered Valuer and Appraiser, Executive Chairman, PKF-CAP LLP
Ms Srividya Gopalakrishnan, Chartered Valuer & Appraiser, Managing Director, Valuation Advisory Services, Duff & Phelps Singapore
Mr Srinivasan Venkita Padmanabhan President, Olam International Limited & Global Finance Head-Products
Mr Chris De Lavigne Principal - Strategy, KPMG Services Pte Ltd
Mr Navin Vohra CFA, Partner - Transaction Advisory Services, India Head - Valuation & Business Modelling, Ernst & Young LLP
Mr Mun Siong Yoong, Chartered Valuer & Appraiser, Partner, Deal Advisory, Baker Tilly Consultancy (Singapore) Pte Ltd
Mr Barry Lau, Co-Founder, Managing Partner and Chief Investment Officer (Private Investment), Adamas
Mr Terence Ang RSM Corporate Advisory
Mr Sushil Nair Deputy CEO and Co-Head of Corporate Restructuring & Workout Practice Group
Mr Gary Doran Partner, Restructuring Services, Hong Kong

Mr Eric Teo, Chartered Valuer & Appraiser,
Chairman, Institute of Valuers and Appraisers, Singapore

Mr Andre Toh Chartered Valuer & Appraiser,
Partner, Valuation and Business Modelling,
ASEAN Valuation & Business Modelling Leader,
Ernst & Young Singapore

Mr Chaly Mah
Chairman, Singapore Accountancy Commission

Mr Vishal Sharma, Chartered Valuer & Appraiser,
Executive Director, KPMG Corporate Finance Pte Ltd

Mr Nicholas Brooke
Chairman, Professional Property Services Limited and Project Leader,
APEC-IVSC Valuation Initiative

Mr Lie Kok Keong, Chartered Valuer & Appraiser,
Partner, Transactions, PwC

Prof. Jiang Wei
Head of Department of Finance, College of Economics, Shenyang University

Mr Nish Shetty
Partner, Head, International Arbitration & Dispute Resolution (Asia Pacific),
Clifford Chance

Mr Tay Woon Teck,Chartered Valuer & Appraiser,
Partner, RSM

Mr Tan Shaun En
Chief Financial Officer, Assistant Chief Executive (Commercialisation),
Intellectual Property Office of Singapore

Mr Keoy Soo Earn, Chartered Valuer & Appraiser,
Regional Managing Partner, Financial Advisory, Leader, Mergers & Acquisitions,
Deloitte SE Asia

Mr Jay Shaw
Partner, Grant Thornton New Zealand Ltd

Mr Sean P. Flanigan
Director, Industry Liason Office, NUS Enterprise, National University of Singapore

Dr Jeffrey Chi, CFA,
Managing Director, Vickers Venture Partners

Mr Adam Sutton, Chartered Valuer and Appraiser,
Managing Director, Valuations, PWC

Mr Chay Yiowmin, Chartered Valuer and Appraiser,
Partner, Head of Corporate Finance, Singapore, BDO

Mr Leigh Miller,
Global and Americas Valuation and Business Modelling Leaders, Transaction Advisory Services,
Ernst & Young

Mr Andrew Ooi, Chartered Valuer & Appraiser
Partner & Leader - Valuation & Modelling Services, Southeast Asia,
Deloitte LLP

Mr Philip Lee
Head of Asia-Pacific Desktop Product Operations,
S&P Global Market Intelligence

Mr Cavinder Bull, S.C
Chief Executive Officer, Drew & Napier LLC

Associate Professor Edmund Keung
Head of Accounting Department, National University of Singapore

Mr Will Hoon
Partner, Stern Stewart & Co.

Mr Jason Ng
CEO & Executive Director, VCG Partners Pte Ltd

Mr Joseph Yap
Partner, Equity Capital Markets, SAC Capital Private Limited

Mr Sajjad Akhtar, Chartered Valuer and Appraiser,
Executive Chairman, PKF-CAP LLP

Ms Srividya Gopalakrishnan, Chartered Valuer & Appraiser,
Managing Director, Valuation Advisory Services, Duff & Phelps Singapore

Mr Srinivasan Venkita Padmanabhan
President, Olam International Limited & Global Finance Head-Products

Mr Chris De Lavigne
Principal - Strategy, KPMG Services Pte Ltd

Mr Navin Vohra
CFA, Partner - Transaction Advisory Services, India Head - Valuation & Business Modelling,
Ernst & Young LLP

Mr Mun Siong Yoong, Chartered Valuer & Appraiser,
Partner, Deal Advisory, Baker Tilly Consultancy (Singapore) Pte Ltd

Mr Barry Lau,
Co-Founder, Managing Partner and Chief Investment Officer (Private Investment), Adamas

Mr Terence Ang
RSM Corporate Advisory

Mr Sushil Nair
Deputy CEO and Co-Head of Corporate Restructuring & Workout Practice Group

Mr Gary Doran
Partner, Restructuring Services, Hong Kong

Before you start

Who must register with ACRA

Choosing a business structure

Reserving a business name

Addresses to register with ACRA

Foreigners registering a business in Singapore

Register your business

Starting a sole proprietorship/partnership

Setting up a local company

Registering a limited partnership

Registering a limited liability partnership

Transfer of Registration /Re-domiciliation

Incorporating a VCC

Other Useful Information

List of referral authorities

Corppass, licences, taxation etc.

Buying business information

Sole-proprietorships & Partnerships

Updating information of sole proprietorship

Renewing sole proprietorship

Common offences under the Business Names Registration Act

Closing the sole proprietorship

Variable Capital Companies

Setting up a VCC

Buying information for VCCs

Updating info of VCC and VCC officers

Register a charge for VCC

Filing annual returns for VCC

Companies

Filing Annual Returns

Holding Annual General Meeting

Registering a charge for companies

Striking off a company

Setting up Register of Registrable Controllers

Updating information of a company (include applying for alternate address)

Filing financial statements in XBRL format

Common offences for companies

Limited Liability Partnerships

Filing annual declarations

Appointing LLP manager

Closing a LLP

Updating information of LLP

Striking off an LLP

Limited Partnerships

Renewing a LP

Converting a limited partnership

Closing a limited partnership

Resignation of partners

Updating information of limited partnership

Common offences for limited partnership

Enforcement Policy

Overview

Investigation

Compliance and Enforcement measures

Filing a complaint

Making representation

Key statutory requirements

Holding AGM

Filing Annual Returns

Updating particulars of a company

Setting up Register of Registrable Controllers

Directors duties in relation to financial reporting

Offences

Offences for not holding AGM or filing ARs

Common Statutory offences

Common offences under the Business Names Registration Act

Common offences for Limited Partnerships

Common offences for Limited Liability Partnerships

Enforcement action

Disqualification of directors

ACRA-initiated striking off of companies

Composition fines

Enforcement Notices

Prosecution Highlights

Accounting Standards

Accounting Standards Committee

Pronouncements

Consultations

Submissions

Accounting Standards News