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Legal Due Diligence Process Due Diligence can be widely defined as a broad spectrum of investigative procedures in relation to an acquisition of a company's shares or of assets in a commercial context, a joint venture project, a financing transaction, the issue of securities and other general pre-contractual inquiries. (Kumar & Mathur, 2002) If you are the owner of a company, the time to start thinking about due diligence is now. Every decision that you make, test it against the question "how will this look when someone comes along asking hard questions?" Every company is going to have to go through due diligence someday, when you are acquired, seek outside investment, or go public, unless you intend to remain small and family-owner forever. Doing business in an emerging market involves more risk. One of those risk is that the very process designed to minimize risk - due diligence - does not...

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