Due Diligence. The city of Cincinnati learned a painful lesson about the improtance of due diligence. City mishandled aspects of failed theater project.City officials also apparently did not know that when Pettus-Brown provided financial statements showing assets of '1.6 million,' the assets were listed in yen - not dollars. The amount in dollars would have been about $14,000.
As far as I know every legal operation connected with either acquisition or winding up an enterprise should be reviewed with due diligence. Today the fastest way doing this is using VDRs that are data room due diligence services at the same time.
ReplyDelete