The Sofitel Victoria hotel in Warsaw provided the venue for TEGOVA's Spring General Assembly on 17th June. 90 representatives of valuation associations from 26 countries (including IAAO from USA) attended the meeting which was largely focused on the latest developments in AI and ESG. There were presentations in relation to the former by Dennis Webb of the American Business Appraisers National Network and Jeremy Moody of the UK's Central Association of Agricultural Valuers . AFREXIM's Philippe Guillerm delivered a presentation of an ESG assessment grid and Prof Sven Bienert presented his latest publication titled "Accounting and reporting of GHG emissions from real estate operations”.
The delegates were pleased to welcome two new members namely The Belgian Association of Property Valuers (Belgaval) as presented by its Chairman Jean-Paul Loozen and the Association of Independent Valuers of Bosnia and Herzegovina as presented by Board Member, Adnan Mehmedagic.
The delegates also congratulated ISIVI's Antonio Campagnoli on his recent election as Vice President of FIABCI and President-Elect for 2024.
The General Assembly was preceded on the day before by a European Valuation Conference attended by a full house of 180 valuers from across Europe.
The highlight of the conference was a simulated international tribunal hearing (Mock Arbitration) concerning a dispute about the value of expropriated land for airport development, preceded by a presentation by Prof. Magdalena Habdas on the Role of The Expert Witness in International Valuation Disputes.
The cast top valuers, academics and lawyers was as follows:
The Tribunal
President: Prof Magdalena Habdas, University of Silesia in Katowice, Faculty of Law & Administration
Member: Patrick Alesandrini, President International Association of Assessing Officers
Member: Alexander Weber, TEGOVA Board member, MD Immobilien und Sachverständigenbϋro
Counsel for Claimant: Ewelina Bzducha, Advocate Clifford Chance and Julia Jelenska, Clifford Chance
Counsel for Respondent: Marcin Kałduński, Deputy Director, International and European Law Department of the General Counsel to the Republic of Poland
Expert Valuation Witnesses:
Paul Sanderson, President, International Property Tax Institute
Colin Smith, Senior Director CBRE
The Conference also focused on 3 current hot valuation topics as follows:
Assessment of War Damage in Ukraine
Presentations by Jeremy Moody, Vice Chairman, European Valuation Standards Board, Iryna Ivanova and Julya Byelova of Ukrainian Society of Appraisers, Oleksii Kalapusha, Vice President, Ukrainian Association of Bank Valuation Specialists and Tomasz Luterek, Vice President Polish Federation of Valuers’ Associations.
The European Green Deal
A presentation by Michael MacBrien, Adviser to TEGOVA and Editor, European Valuer.
Long Term Sustainable Value and Prudently Conservative Valuation Criteria
Presentations by Prof. Ewa Kucharska-Stasiak, University of Łódz and Izabela Rącka and Marcin Malmon, Members of European Valuation Standards Board.