Due diligence involves conducting careful and thorough research into business decisions before acting. Typically, due diligence involves assessing historic financial information, as well as determining whether a company or entity has presented accurate information on working capital and cash flow. Commercial factors, such as the state of the market, are also important to assess as part of conducting due diligence, as are systems and controls in place, environmental concerns and legal concerns.
Due diligence protects boards of directors and executives from personal liability and helps to ensure a business makes wise choices to contribute to its growth and prosperity. When performed in real estate transactions, due diligence is necessary to ensure that a property is sound and a wise investment. In either case, the purpose of due diligence is to provide protection before money is spent or a transaction is entered into.
The requirements of legal due diligence vary for different business decisions, and we can help corporations to fulfill their due diligence requirements in a variety of business transactions including, but not limited to, mergers and acquisitions and real estate matters.
Those who wish to enter into contractual or business relationships in any foreign country must be sure they know all considerations that must be evaluated when doing due diligence. As such, it is essential to work with a law firm that has experience with local laws and customs and that can help you to understand both what you need to look for and how to obtain the necessary information.
Dr. Mohammed AlSanosi & Associates Law Firm has an extensive international legal network and a detailed knowledge of laws throughout Saudi Arabia and the MENA. We can help to ensure you have a full understanding of what due diligence should entail for any business transaction, and we can help you to make sure you go into your transaction prepared with the knowledge you need to make informed choices.