A legal audit is a recommended, and sometimes even necessary, instrument in the event of a planned acquisition, merger or transformation of a company. It is also usually necessary in the event of a change in shareholding structure, significant changes or expansion of the scope of operations.
It allows to achieve reliable transparency of the company’s activities, the actions of the Board of Directors, as well as to assess the profitability of the actions taken and contracts concluded. This is often crucial for the effectiveness of discussions with contractors, but also with shareholders themselves.
The scope of the legal audit carried out depends on the specifics of the enterprise, its structure and size. As a rule, the audit can be carried out comprehensively or in selected areas – according to the order, e.g. only in terms of analyzing business contracts or regulations and employee agreements.
As part of legal due diligence support, GLC specialists perform a detailed and multifaceted assessment of the company’s situation, focusing primarily on:
Numerous legislative changes mean that entrepreneurs, in the course of their business – often unknowingly – may violate legal norms. This can result in far-reaching financial or criminal sanctions. Conducting a comprehensive audit of the entity allows the adopted practices and procedures to be verified and adjusted for compliance with the law. Daily practice shows that entrepreneurs are increasingly expressing interest in conducting a legal audit of their enterprise.
GLC law firm, as part of its legal due diligence service, provides support from experienced experts, analysts, auditors, appraisers, lawyers and tax advisors.
The experience of our specialists ensures that the quality of legal due diligence services is at the highest level.