Due diligence

SEC Charges SPAC, Sponsor, Merger Target, and CEOs for Misleading Disclosures Ahead of Proposed Business Combination

Retrieved on: 
Tuesday, July 13, 2021
Law, Articles, Civil procedure, Contract law, Corporate finance, Criminal law, Due diligence, Corporations, Diligence, Lawsuit, Complaint

The SECs litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia.

Key Points: 
  • The SECs litigation is proceeding against Kokorich, against whom the SEC filed a complaint in the U.S. District Court for the District of Columbia.
  • In addition, the order finds that Stable Road repeated Momentuss misleading statements in public filings associated with the proposed merger and failed its due diligence obligations to investors.
  • The order finds that Kabot participated in Stable Roads inadequate due diligence and in filing its inaccurate registration statements and proxy solicitations.
  • The litigation against Kokorich will be handled by Melissa Armstrong and Fernando Campoamor and will be supervised by Thomas Bednar.

ECSL Announces That It’s Subsidiary, CyberFuels, Inc., Has Executed a Purchase and Sale Agreement and Completed Its Due Diligence to Acquire Land and Adjoining Canal at the Port of Tampa

Retrieved on: 
Monday, July 12, 2021
Corporate finance, Contract law, Criminal law, Due diligence, Corporations, Barge, Articles, Economy

CyberFuels has completed its due diligence and is moving to close the transaction as soon as possible, on or about August 3, 2021, subject to certain conditions to closing.

Key Points: 
  • CyberFuels has completed its due diligence and is moving to close the transaction as soon as possible, on or about August 3, 2021, subject to certain conditions to closing.
  • CyberFuels expects to begin permitting as soon as possible with construction to begin once those permits are obtained.
  • The real property portion of the acquisition is comprised of 65+ acres of land, including certain riparian rights, in the Port of Tampa along with an operational shipping wharf.
  • The property has excellent interstate access, existing rail service and wharf facilities for barge and large tanker deliveries and sales.

Torres Law Launches Torres Trade Advisory to Expand Solutions for Businesses Facing Complex Trade Law Compliance Issues

Retrieved on: 
Monday, July 12, 2021
Contract law, Corporate finance, Criminal law, Due diligence, Regulatory compliance, Articles, Audit, Business, Economy, Auditing

WASHINGTONand DALLAS, July 12, 2021 /PRNewswire/ --Keeping with its commitment to provide comprehensive export compliance support to U.S. and international companies, Torres Law, PLLC launched Torres Trade Advisory, an audit, risk, and trade compliance advisory firm.

Key Points: 
  • WASHINGTONand DALLAS, July 12, 2021 /PRNewswire/ --Keeping with its commitment to provide comprehensive export compliance support to U.S. and international companies, Torres Law, PLLC launched Torres Trade Advisory, an audit, risk, and trade compliance advisory firm.
  • Torres Trade Advisory's guidance is focused on helping businesses respond to six distinct challenges:
    Corporate Investigations and Due Diligence.
  • Torres Trade Advisory will draw upon the extensive experience of Torres Law to help companies achieve regulatory legal compliance and manage risk: leading fraud and corporate investigations, guiding companies through the Voluntary Self-Disclosure process, conducting M&A compliance due diligence, and developing and implementing effective internal compliance programs.
  • "Companies face export compliance issues every day that don't require legal guidance, and Torres Trade Advisory will help them respond to those challenges with appropriate solutions."

Pennexx Retains Emerging Markets Consulting LLC for Investor Relations, National Marketing, and Advisory Services

Retrieved on: 
Wednesday, July 7, 2021
Corporate finance, Contract law, Criminal law, Due diligence, Articles, Business, Economy

James Painter, President of EMC, said,"We are pleased to represent Pennexx during the coming year.

Key Points: 
  • James Painter, President of EMC, said,"We are pleased to represent Pennexx during the coming year.
  • We have conducted our due diligence on the Company and have been very impressed with the management, share structure,and overall business strategy."
  • Based in Orlando, Florida, Emerging Markets Consulting, LLC (EMC) brings over 40 yearsofcombined experience in the investor relations industry.
  • EMC is relationship-driven and results-orientedto seek attractive emerging companies and concentrateits resources and efforts to serve a limited number of high-quality clients.

AML RightSource Expands into Corporate Compliance Technology with Acquisition of Blue Umbrella

Retrieved on: 
Wednesday, July 7, 2021
Contract law, Corporate finance, Criminal law, Due diligence, Articles, AML, Business process management, Corporations, Business

Founded in 2009, Blue Umbrella offers third-party compliance technology and due diligence services using custom automated workflows to corporate clients across a range of industries, including technology, food and agriculture, life sciences, and financial services.

Key Points: 
  • Founded in 2009, Blue Umbrella offers third-party compliance technology and due diligence services using custom automated workflows to corporate clients across a range of industries, including technology, food and agriculture, life sciences, and financial services.
  • Blue Umbrella's differentiated technology platform and 200 team members support clients across Asia, Latin America, Europe, and North America.
  • Allan Matheson, CEO of Blue Umbrella, stated, "We're delighted to be joining forces with AML RightSource to integrate our technology offerings and custom due diligence processes into their suite of client-centered compliance solutions.
  • Allan will continue to lead strategy for Blue Umbrella as Vice Chairman and contribute to strategic initiatives across the AML RightSource group.

Diligend and eVestment Align to Automate the Due Diligence Process

Retrieved on: 
Tuesday, July 6, 2021
Articles, Business, Economy, Mergers and acquisitions, Contract law, Corporate finance, Criminal law, Due diligence, Business process management, Diligence, Analytics, Workflow

Diligend's tools transform this process by providing a fully custom, digitized and automated due diligence questionnaire tool combined with a full featured workflow and analytics platform.

Key Points: 
  • Diligend's tools transform this process by providing a fully custom, digitized and automated due diligence questionnaire tool combined with a full featured workflow and analytics platform.
  • This agreement will allow clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform.
  • The data and technology tools that will facilitate this data sharing and due diligence effort between eVestment and Diligend are set to launch in the coming months.
  • By aligning with eVestment, we've made the entire due diligence process more efficient and scalable."

Diligend and eVestment Align to Automate the Due Diligence Process

Retrieved on: 
Tuesday, July 6, 2021
Articles, Business, Economy, Mergers and acquisitions, Contract law, Corporate finance, Criminal law, Due diligence, Business process management, Diligence, Analytics, Workflow

Diligend's tools transform this process by providing a fully custom, digitized and automated due diligence questionnaire tool combined with a full featured workflow and analytics platform.

Key Points: 
  • Diligend's tools transform this process by providing a fully custom, digitized and automated due diligence questionnaire tool combined with a full featured workflow and analytics platform.
  • This agreement will allow clients of both eVestment and Diligend to complete more of their due diligence process via one technology platform.
  • The data and technology tools that will facilitate this data sharing and due diligence effort between eVestment and Diligend are set to launch in the coming months.
  • By aligning with eVestment, we've made the entire due diligence process more efficient and scalable."

Amazonas Florestal Ltd. Announces Acquisition of Two Colombian Companies

Retrieved on: 
Wednesday, June 30, 2021
Amazonas, Due diligence, Articles, Business, Economy, Rapateaceae

Innova Consulting Group (www.innovacg.com.co) and Gamma Engineers & Consultants are both private companies headquartered in Colombia.

Key Points: 
  • Innova Consulting Group (www.innovacg.com.co) and Gamma Engineers & Consultants are both private companies headquartered in Colombia.
  • Innova operates in the Information Technology and Solutions sector, focused on creating programs and software for the cannabis industry.
  • Amazonas Florestals CEO Ricardo Cortez stated: Weve been evaluating the acquisition of these companies for some time nowI could not be happier with our management teams due diligence and Amazonas presence in the country of Colombia.
  • Forward-looking statements in this release regarding Amazonas Florestal Ltd. are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Corra Group Orders Up More Due Diligence Packages For Clients as a Precaution in the Post-Pandemic Era

Retrieved on: 
Wednesday, June 30, 2021
Law, Corra, Articles, Due diligence, Diligence, Corporations

"We are entering the post-pandemic era," said Corra Group Co-Founder, Gordon Basichis.

Key Points: 
  • "We are entering the post-pandemic era," said Corra Group Co-Founder, Gordon Basichis.
  • "The status and solvency of any variety of companies may have changed considering, given the economic realities of the past year or so.
  • Basichis pointed out that Corra Group conducts due diligence and corporate research on a domestic and global basis.
  • BACKGROUND: Corra operates as Corra Group and specializes in employment screening and corporate research and due diligence, domestically and globally.

K2 Integrity Recognized in Chambers and Partners Litigation Support and Crisis & Risk Management Guides

Retrieved on: 
Tuesday, June 29, 2021
Articles, Landforms, Economy, Contract law, Corporate finance, Criminal law, Due diligence, Chambers and Partners, Chambers, K2

NEW YORK and LONDON, June 29, 2021 /PRNewswire/ -- K2 Integrity is proud to announce that the firm's EMEA and USA teams have been ranked in the 2021 Chambers and Partners Litigation Support and Crisis & Risk Management guides.

Key Points: 
  • NEW YORK and LONDON, June 29, 2021 /PRNewswire/ -- K2 Integrity is proud to announce that the firm's EMEA and USA teams have been ranked in the 2021 Chambers and Partners Litigation Support and Crisis & Risk Management guides.
  • K2 Integrity was also recognized in the inaugural edition of Chambers Crisis & Risk Management for Business Intelligence & Investigations: Pre-Transactional Advisory (Investigative Due Diligence), Global-wide.
  • Chambers and Partners is widely recognized by the legal profession as one of the most prestigious directories in the world.
  • To learn more about how K2 Integrity is revolutionizing the management of risk, visit our website, www.k2integrity.com , or follow us on Twitter or LinkedIn .