Fair Value (International Financial Reporting Standards)
IFRS 13 defines Fair Value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Fair Market Value (Organisation for Economic Co-operation and Development)
The OECD defines Fair Market Value as the price a willing buyer would pay a willing seller in a transaction on the open market.
Fair Market Value (United States Internal Revenue Service)
United States Internal Revenue Service defines Fair market value as the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts.
Value for contribution in kind ( par. 2343 bis s.s. Italian civil code)
Italian law dictates prescriptions in order to valuation methods that apply when a business or an intangible asset is appraised for the purpose to make a contribution in kind into a corporation to increase its share capital.
Value in case of liquidation of dissenting shareholders (par. 2374 s.s. Italian civil code)
Italian law dictates prescriptions in order to valuation methods that apply when a dissenting shareholder’s holding is liquidated by the corporations.