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On November 8, 2012 the first international meeting between leading associations of valuation companies took place in Rome. The associations present were ATASA (Spain), ASAVAL (Portugal), ASSOVIB (Italy) and NUEO (Russia). Two certification companies (CCS, Italy and SGS Vostok Limited, Russia) were also involved. Together, the interested parties established an "international forum" among associations of valuation companies to discuss and share common principles which are important to association members.

The participants decided to adopt the name "ForVal" - Forum of Valuation Companies' Associations, which will have a global perspective and will accept within the discussion individual valuation companies and accredited certification bodies.

On March 5, 2013 ForVal adopted the letter of intent, stating its mission and key principles, which has been signed by all members and is available upon request.

The objective of ForVal is to share best practices and protecting the quality of service provided by valuation companies.

For further information please contact:
Konstantin Timoshechkin
Systems and Services Certification
Business Manager Russia and Business Development Manager Eastern Europe
t +7 (495) 775 44 55
f +7 (495) 775 44 50
web www.sgs.ru

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognised as the global benchmark for quality and integrity. With more than 75,000 employees, SGS operates a network of over 1,500 offices and laboratories around the world.