Share your needs with us, get contacted by law firms.
Free. Takes 2 min.
Due diligence law in Marina, Singapore refers to the comprehensive appraisal of a business or individual for legal, financial, and commercial viability. This is typically conducted prior to signing a business contract or while investing in a company or property. The purpose of due diligence is to reduce risk by providing vital information that can influence a decision-making process.
You may require the assistance of a lawyer when conducting due diligence to ensure comprehensive assessment. Situations that may necessitate legal help include business acquisitions, mergers, property investments, and large scale corporate transactions. Additionally, legal expertise is necessary in verifying the authenticity of documents, interpreting legal jargon, and ensuring the accurate representation of a company's standing. Lawyers ensure a thorough and unbiased investigation that adheres to local and international laws.
Under Singapore's Companies Act, strict obligations are imposed on parties to disclose certain information while completing a transaction. These may include details related to existing liabilities, company assets, ownership, intellectual property rights, and legal compliance among other things. Failing to conduct due diligence may result in legal and financial consequences. Hence, it is crucial to be aware of the local laws outlining due diligence obligations in Marina, Singapore.
Due diligence in Singapore entails a thorough legal, financial and commercial investigation of all elements of a business or property before investment or acquisition.
Due diligence helps potential buyers or investors understand the value of the business or property and any potential risks, enabling them to make informed decisions.
Yes, under the Companies Act in Singapore, due diligence is a legal requirement for certain transactions.
Depending on the complexity of the transaction, the process can take anywhere from weeks to months.
If due diligence finds issues, the buyer or investor can either negotiate the terms of the agreement or decide not to proceed with the transaction.
For additional resources, you may refer to the guidelines provided by the Accounting and Corporate Regulatory Authority (ACRA), the Monetary Authority of Singapore (MAS), and the Commercial Affairs Department (CAD) of the Singapore Police Force. All these institutions provide detailed guidelines and resources related to due diligence in Singapore.
If you require legal assistance with due diligence, seek a consultation with a lawyer specializing in commercial law or mergers and acquisitions. Be sure to choose a lawyer or law firm with substantial experience in conducting due diligence in Marina, Singapore for a more seamless process.
