Legal audit (Legal Due Diligence) is a legal analysis of the organization's activities with a view to regularity of the current law. This allows you to expose and reconcile the inconsistencies of legislation and corporate standards to optimize the legal aspects of the organization.
Company Tenzor Consulting Group recommends Legal Due Diligence before signing the contracts / agreements with contractors of the Company. In the process of carrying out due diligence possible risks in the transaction are exposed, thereby the appearance of further disputes and disagreements between the parties reduce.
Major transactions and operations, under which Legal Due Diligence is necessary to carry out:
- Transactions M & A (mergers and acquisitions)
- Purchase and sale of the business or assets of the company
- Opening activities abroad
- Providing evidence of the consistency for the foreign partner or investor
- Check their reliability and solvency of the counterparty
Legal audit is a source of objective information about the situation of the audited, on the basis of which the company can maintain long-term planning and to set an objective of its further development. Legal Due Diligence includes the analysis of legal activity of checked company, focusing on the following issues:
- • Responsibility to the company's obligations,
- • Availability of real property,
- • Availability of permits and licenses,
- • Compliance the labor legislation by audited,
- •Availability of disputes and disagreements with third parties, arest of property, participation in court proceedings.
The process of Legal Due Diligence includes:
- The general legal treatment of organization economic activity;
- Checking the legitimacy of the organization (availability of necessary licenses, permits, etc.)
- Legal examination of internal documents of the company with a view to legislation
- Legal examination of international agreements and conventions
- Legal analysis of the grounds of acquisition and / or possession, as well as the use of real property
- Analysis of the possible claiming by public authorities