Conducting due diligence involves thoroughly investigating a potential investment or product to verify facts, which often includes reviewing financial records. This crucial research is conducted before entering into agreements or financial transactions with another party. Investors typically perform due diligence before purchasing securities from a company. Sellers may also conduct due diligence on buyers to ensure they have the necessary resources for the transaction.
In the UAE, our due diligence reports begin by establishing the purpose and objectives of securing the business. We assist in:
The practice of due diligence gained prominence in the United States following the enactment of the Securities Act of 1933. This legislation mandated that securities dealers and brokers provide comprehensive disclosure of all material information pertaining to the securities they offered for sale. Failure to do so could lead to criminal prosecution.
Recognizing the potential for unfair prosecution due to the impossibility of disclosing unknown or unknowable facts, the creators of the Act included a crucial legal defense. This defense stipulated that dealers and brokers could avoid liability if they:
This provision aimed to safeguard dealers and brokers from liability for information that was not uncovered during their diligent investigations.
At BINJOY, our team of experts ensures comprehensive due diligence investigations, providing you with the insights needed to make informed decisions. Our due diligence services include:
If you need reliable due diligence services in the UAE, our dedicated experts at BINJOY are ready to assist you. Contact us today for personalized guidance and comprehensive due diligence reports tailored to your specific needs. Ensure your business transactions are based on accurate, thorough, and reliable information with BINJOY’s due diligence services.