Post-Closing Transactional vs. Ongoing Enterprise Due-Diligence
https://www.stalawfirm.com/…/post-closing-transactional-vs-…
“Diligence is the mother of good fortune.” – Miguel de Cervantes Saavedra. In July 2016, the Australian Securities and Investments Commission (ASIC) stated that it’s review 12 initial public offerings (10 of which were small and mid-sized companies), found incredibly poor due diligence processes. These companies often seem to lack documentation to back up the claims they make in their prospectus. This is a very worrying sign for investors and tells us of the immediate need to promote better due diligence practices.












