“Conducting a simplified legal due diligence for swift investment transactions.”

Providing simplified legal due diligence for IT companies.

Law firm Veat requested simplified legal due diligence services from Law firm Veat to facilitate Venture Capital (VC) acquiring new shares in IT companies on behalf of IT startups (hereinafter referred to as “Clients”).

Law firm Veat’s Investment Advisory team conducted a simplified legal due diligence, particularly focusing on compliance with regulations and licensing matters, performing a comprehensive review. While conducting this simplified legal due diligence, the need for IT companies to register their value-added communications business was identified; however, it was discovered that no actual registration had taken place. Based on this, the items to be taken to complete the transaction, including the completion of registration for the value-added communications business, were incorporated.

In addition, for contracts, assets, and human resources/labor matters, due to the nature of the simplified legal due diligence, a rapid and efficient review of each area was conducted. The compatibility of the existing investment agreements and this transaction was thoroughly reviewed.

Notably, the Law firm Veat’s Investment Advisory team, based on its experience advising various startups, examined whether any legal risks would affect the share acquisition transaction, providing guidance.

The Law firm Veat’s Investment Advisory team provided a simplified legal due diligence report to the Client.

Bloomberg League Table, ALB KOREA AWARD winner ‘Investment and M&A Leader’ Law firm Veat.

Law firm Veat achieved 2nd place in terms of total transaction volume in the M&A legal advisory area in the Bloomberg Q1 2023 League Table (Market Securities Advisory Performance Ranking). Furthermore, it was selected as a ‘Finalist’ in the ‘Korea Deal Firm’ category of the ‘ALB Korea Award 2022’ for two consecutive years, recognizing its skills and expertise.

Law firm Veat’s Investment Advisory team provides a rapid and efficient simplified legal due diligence based on its understanding of M&A and investment environments, offering reliable investment advisory services to both investors and companies receiving investment.

Thank you.
Law firm Veat Dream