Calculate economic loss

Wrongful act can lead to the emergence of economic damage and the cause thereof is probably facing a requirement to pay a fee. Since position and situation of the parties clearly differ, the consulted experts often differ widely about the amounts at stake.

Judges appoint an expert in such cases which must inform on the extent of the damage. For this expert strict neutrality is obviously a requirement. The foundation National Register of Legal Experts lists many experts in different fields together (www.lrgd.nl).

When speaking about economic damage the danger lies in to base the damage on accounting variables. These are not always suitable as a basis for determining the amount of damage. Wrongful act and omission of expected returns can materialize at risk.

The infliction of injury changes the position and conditions of an economic operator in adverse effect. If compensation is granted, it will be of such nature that it must restore the original location and situation. Given the subjective nature of economic value, this requires a meticulous approach that fully reflects the circumstances of the case.

Because the production factor labor is embodied in humans, economic damage can also be caused to people. The ability of a man to generate profits depends on his ability to economically exploit the existing workforce. If that potential from reprehensible behavior, whether temporarily, is lost, the economic position and situation of the relevant subject changes. In this case, the economic position and situation have to be corrected and the question of compensation for additional expenses occurs. Again, the expert support of a valuation expert of great importance.