Due Diligence Review

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Legal Due Diligence Review

LOCAL attorneys have extensive experience and knowledge in the performance of legal due diligence reviews. During a legal due diligence review the legal status and structure of a company is examined thoroughly as well as all the company’s assets and obligations. Due diligence review is a way to spot if a company´s structure and operations are in accordance with laws and regulations as well as the company´s articles of association. Furthermore, a legal due diligence review confirms if a company legally owns assets stated in a company´s financial statements as well as reveal company´s liabilities. A legal due diligence review may limit risks associated with a target company during acquisition or merger.

It is common and advisable to perform a legal due diligence review in connection to sale and purchase of shares and mergers and acquisitions as the process may clearly bring forth the status of a company and may provide valuable information on the identified target and assists in the determination whether an acquisition is advisable.

Tax Due Diligence Review

LOCAL attorneys specialize in the performance of tax due diligence reviews on companies. With the performance of tax due diligence the possible tax implications of a proposed acquisition may be identified. The review may include tax issues relating to mergers and acquisitions, income tax, tax on capital gains, transfer pricing and VAT.

Auður Ýr Helgadóttir

Attorney

Guðrún Bergsteinsdóttir

Attorney