Winning disciplinary proceedings
The municipality of Hilversum wrongfully denied Geurtsen Magnesiethandel B.V. a building permit. Assisted by lawyers and accountants, Geurtsen submitted a claim for damages that ran into millions. The lawyer representing the municipality of Hilversum called in Horatio to assess the damage, which it did.
The damage was estimated at nil. The judge concurred. Geurtsen increased the amount of its claim on appeal and lodged a complaint against Horlings/Horatio with the Disciplinary Board for Registered Accountants. It failed. On appeal Horatio once again assessed the damage as non-existent. Once again, the judge concurred.
So much for the many advisors engaged by Geurtsen and what a waste of money spend on fees! See also under ‘Fees versus expertise.’