[Legal Due Diligence] ESG Legal Due Diligence Conduct Upon Investment

Law firm Veat conducted ESG legal due diligence and legal review in response to a request from energy environmental company A Corp regarding the case involving A Corp’s investment in a recycling company, Pi-Tu-Sa Hwa-Sa. 

Law firm Veat verified the parts that needed to comply with necessary permits and regulations considering the characteristics of Pi-Tu-Sa Hwa-Sa, a recycling company, and examined various laws including the “Air Quality Management Act,” the “Water Quality Management Act,” the “Chemicals Control Act,” and the “Occupational Safety and Health Act” to examine regulatory matters applicable to the client company.

In particular, Pi-Tu-Sa Hwa-Sa declared and guaranteed the validity of the contract and concerns about potential damages by confirming that the company had completed the change notification regarding emissions of air pollutants under the “Air Quality Management Act,” considering the water intake contract based on that foundation.

Law firm Veat explained, considering the current state of the business that Pi-Tu-Sa Hwa-Sa was not currently operating and the possibility of operating it stably.

ESG due diligence will thoroughly examine whether the content related to the “Waste Management Act,” the “Air Quality Management Act,” the “Chemicals Control Act,” the “Act on the Enforcement and Increased Punishment of Environmental Crimes,” and the “Environmental Impact Assessment Act” violates environmental content in related laws.

Given that Law firm Veat reviews the situation of Pi-Tu-Sa Hwa-Sa in advance before investing, playing a crucial role in reducing legal risks, we recommend conducting legal due diligence by Law firm Veat before investment.

Law firm Veat provides advice and consulting lawyers to various companies and venture capital firms based on the experience of receiving and handling a wide range of investment-related matters. 

If you need a legal review and legal due diligence while operating a company, please contact Law firm Veat.

Thank you.

Law firm Veat.