Due diligence is an independent legal assessment of the company’s activities or an expert examination of certain areas of the company’s activities, as well as the examination of transactions for compliance with the current legislation.
The legal audit consists of checking the founding and internal documentation, the existing contractual framework, as well as other documents of the company in order to determine their compliance with the interests of the owner or enterprise, as well as the norms of the current legislation.
The purposes of the legal audit can be defined as obtaining an independent assessment of the financial and economic activities of the company to detect potential risks that could cause the company material losses as a result of the failure of contractors to fulfill their obligations, charges and fines by the tax authorities, the application of sanctions for non-compliance with various obligations, bringing the company or company officials to administrative or criminal responsibility.
We invite you to contact us immediately for free advice if:
1. The company has a registration date until January 1, 2014 and the statutory documents were not changed during this time;
2. The company does not have a human resources department and the company does not monitor changes in labor laws;
3. Employees of the company use in the activity samples of contracts downloaded from the Internet, not changing their essence and not understanding the content;
4. Employees of the company have no idea about their functional responsibilities;
5. You have doubts about the correctness of the company’s documentation.
Benefits of the service
Specific recommendations for resolving issues taking into account the specifics of the enterprise.
Draft documents developed taking into account the specifics of the enterprise and the purpose of the drafting are provided.
The ability to avoid the negative consequences of activities.
A specific list of corrective actions that minimize risks.
Types of Legal Audit (Due diligence)
1. Comprehensive legal audit of the company’s activities
The audit touches on all significant aspects of the company’s activities.
Due diligence legal audit of the company’s chronology includes analysis of the company’s creation and registration documentation, examination of corporate acts and statutory documents, corporate structure, competence of the authorities, documentation on the placement of securities and questions of the legality of ownership of assets, the legality of decisions taken by the general assembly, identification of risky situations, conflicts and their analysis.
Due diligence’s legal audit of management and personnel systems is an examination of the company’s internal documents, which regulate both its activities as a whole and individual divisions. Analysis of local acts that regulate labor relations within the enterprise. Examination of the legality of labor relations and the existence of risks of conflicts.
Legal audit due diligence of assets – examination of the legal status of ownership of the company’s property (movable, real estate). Study of the order and conditions of acquisition of property, the legitimacy of procedures, the determination and analysis of possible risks.
Due diligence legal audit of business activities is an analysis of the legality of the company’s business activities, including the need for special permits and registrations, licenses.
Due diligence due diligence of contractual practice is a legal assessment of the company’s current contractual practices, including foreign economic activities for analysis of the order of conclusion, execution and storage of contracts. The presence of possible risks of tax sanctions, risks of non-compliance with economic obligations and the presence of claims of third parties.
2. Thematic legal audit
Due diligence of certain aspects of the company’s activities, the so-called thematic audit is a legal audit due diligence chronology of the company’s activities, management and personnel systems, assets, business activities, contractual practices and others.
3.Legal audit of complex transactions
Due diligence legal audit of complex transactions is an analysis and legal examination of the rules of the contracts or their aggregate system, including the terms of calculation and execution of the transaction, to determine possible different risks, as well as the basis of possible conflict with third parties and options for its resolution.
4. Legal conflict audit
Due diligence legal audit of the conflict is an examination of the existing conflict situation in the law enforcement practices of the tax, civil, labor, tax, antitrust or corporate law industries, and recommendations for the elimination and leveling of identified risks.
1. Identification of risks in particular claims by supervisory bodies, seizure of property, application of sanctions for violation of civil-legal obligations, bringing officials to criminal or administrative responsibility, non-compliance with obligations on the part of buyers or other counterparties.
2. Recommendations to eliminate, level identified deficiencies and risks.