Due Diligence

Conducting Legal Due Diligence and/or Legal and Financial Due Diligence of the negotiating party or foreign contract is crucial to prevent future disputes. Dealing and negotiating with individuals involved in various legal, criminal, tax, and even family matters, or those with tax debts, bankruptcy history, and newly established companies with low credit history increases the risk significantly, making dispute occurrence predictable from the start. To avoid such situations, we recommend using legal or legal-financial due diligence services, available for both natural and foreign legal persons.

Libra Law conducts due diligence in Iran for foreigners to provide them with comprehensive information and assessments related to their specific business or legal endeavors. Here’s an overview of how we run due diligence for foreign clients:

  1. Initial Consultation:

The process begins with an initial consultation where we meet with the foreign client to understand their objectives and the specific aspects of their business or legal matter that require due diligence.

  1. Scope Definition:

We work with the client to define the scope of the due diligence process. This involves identifying the key areas, documents, and entities that need to be investigated, such as potential business partners, investments, contracts, or legal compliance matters.

3.Legal Framework:

Our legal experts are well-versed in Iranian laws and regulations. We provide foreign clients with an understanding of the legal framework in Iran and how it pertains to their particular situation.

  1. Document Review We conduct a thorough review of relevant documents, contracts, agreements, financial records, and any other documents that are pertinent to the due diligence process. This helps in identifying any potential issues or red flags.
  2. Background Checks

We perform background checks on individuals or entities involved in the client’s business dealings in Iran. This may include verifying their legal standing, financial history, and reputation in the industry.

  1. Market Research:

We gather market intelligence and assess the competitive landscape in Iran to provide insights into the client’s industry or sector. This helps the client make informed decisions about their business activities.

  1. Compliance Assessment:

We assess the client’s compliance with Iranian laws and regulations to ensure that they are operating within the legal framework. This is particularly important for foreign companies entering the Iranian market.

  1. Risk Analysis:

We provide the client with a comprehensive risk analysis, highlighting any potential legal, financial, or operational risks associated with their business or legal endeavor in Iran.

  1. Report Preparation:

After completing the due diligence process, we prepare a detailed report that summarizes our findings, assessments, and recommendations. The report is presented in a clear and understandable manner, avoiding complex legal jargon.

  1. Consultation:

We schedule a follow-up consultation with the client to discuss the findings of the due diligence report, address any questions or concerns, and provide guidance on the best course of action.

  1. Ongoing Support:

Our support doesn’t end with the report. We continue to assist the client in implementing any necessary changes, ensuring compliance, and addressing any ongoing legal or business issues in Iran.

  1. Confidentiality:

Libra Law places a high emphasis on client confidentiality. All information gathered during the due diligence process is treated with the utmost discretion and security.

In summary, Libra Law’s due diligence process for foreign clients in Iran is comprehensive and tailored to their specific needs. We combine legal expertise, market knowledge, document review, and background checks to provide a clear assessment of the risks and opportunities associated with their business or legal endeavors in Iran. Our goal is to empower foreign clients with the information and insights they need to make informed decisions and navigate the complexities of the Iranian market successfully.

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