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M&A legal due diligence process-A qualitative study of law firms perspective

Deng, Shuxia LU (2022) LAGF03 20221
Department of Law
Faculty of Law
Abstract (Swedish)
Att göra företagstransaktioner “work” är en av de svåraste uppgifterna i näringslivet. Due diligence vilket brukar kallas ”företagsbesiktning” på svenska är ett sätt att samla in och granska information och risker om ett företag. Det finns olika former av due diligence, varav de sedvanliga formerna är kommersiell, financial och legal due diligence. Både köpare eller säljare anlitar ofta en advokatbyrå för legal due diligence för genomförandet och uppsatsens fokus är privat M&A legal due diligence från köparens sida.

Slutsatsen som kan dras i denna uppsatsen är att M&A legal due diligence genomförs i praktiken ungefär som Sevenius(2021) beskrivning av processen som omfattar fem steg: förberedelse, information insamling, analys,... (More)
Att göra företagstransaktioner “work” är en av de svåraste uppgifterna i näringslivet. Due diligence vilket brukar kallas ”företagsbesiktning” på svenska är ett sätt att samla in och granska information och risker om ett företag. Det finns olika former av due diligence, varav de sedvanliga formerna är kommersiell, financial och legal due diligence. Både köpare eller säljare anlitar ofta en advokatbyrå för legal due diligence för genomförandet och uppsatsens fokus är privat M&A legal due diligence från köparens sida.

Slutsatsen som kan dras i denna uppsatsen är att M&A legal due diligence genomförs i praktiken ungefär som Sevenius(2021) beskrivning av processen som omfattar fem steg: förberedelse, information insamling, analys, rapportering och implementering. Slutsatsen är att informationsasymmetrin mellan köpare och säljare kan reduceras. Men, det finns information som säljarna inte vill dela med köparna även om sekretess avtalet är undertecknat. Det finns dock situationer där säljaren inte vet mer om sitt eget företag än köparen.

Läs gärna uppsatsen om du vill veta varför och lära dig mer om mina respondents argument om det. (Less)
Abstract
Making M&A transactions “work” is one of the hardest tasks in business. Due diligence or “företagsbesiktning” as it is called in Swedish is an approach to collect and review information about a company's characteristics and risks. There are various forms of due diligence, of which the usual forms are commercial due diligence, financial due diligence and legal due diligence; Both buyers or sellers often hire a law firm for legal due diligence for the implementation and the focus of the research is private M&A legal due diligence by buyer side.
The conclusion that can be drawn in this research is that M&A legal due diligence is carried out in practice much like Sevenius(2021) description of the process, which involves five steps:... (More)
Making M&A transactions “work” is one of the hardest tasks in business. Due diligence or “företagsbesiktning” as it is called in Swedish is an approach to collect and review information about a company's characteristics and risks. There are various forms of due diligence, of which the usual forms are commercial due diligence, financial due diligence and legal due diligence; Both buyers or sellers often hire a law firm for legal due diligence for the implementation and the focus of the research is private M&A legal due diligence by buyer side.
The conclusion that can be drawn in this research is that M&A legal due diligence is carried out in practice much like Sevenius(2021) description of the process, which involves five steps: preparation, information gathering, analysis, reporting and implementation. The conclusion about the information asymmetry between buyers and sellers can be reduced to a certain amount. But, there is information that the sellers do not want to share with the buyers even if the confidentiality agreement is signed. However, there are situations where the seller does not know more about his own company than the buyer.
Please read my research if you want to know why and learn more about my representatives' argument about it. (Less)
Please use this url to cite or link to this publication:
author
Deng, Shuxia LU
supervisor
organization
course
LAGF03 20221
year
type
M2 - Bachelor Degree
subject
keywords
M&A, legal due diligence, information asymmetry, förmögenhetsrätt.
language
English
id
9081349
date added to LUP
2022-06-28 09:23:35
date last changed
2022-06-28 09:23:35
@misc{9081349,
  abstract     = {{Making M&A transactions “work” is one of the hardest tasks in business. Due diligence or “företagsbesiktning” as it is called in Swedish is an approach to collect and review information about a company's characteristics and risks. There are various forms of due diligence, of which the usual forms are commercial due diligence, financial due diligence and legal due diligence; Both buyers or sellers often hire a law firm for legal due diligence for the implementation and the focus of the research is private M&A legal due diligence by buyer side.
The conclusion that can be drawn in this research is that M&A legal due diligence is carried out in practice much like Sevenius(2021) description of the process, which involves five steps: preparation, information gathering, analysis, reporting and implementation. The conclusion about the information asymmetry between buyers and sellers can be reduced to a certain amount. But, there is information that the sellers do not want to share with the buyers even if the confidentiality agreement is signed. However, there are situations where the seller does not know more about his own company than the buyer. 
Please read my research if you want to know why and learn more about my representatives' argument about it.}},
  author       = {{Deng, Shuxia}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{M&A legal due diligence process-A qualitative study of law firms perspective}},
  year         = {{2022}},
}