Due diligence: Difference between revisions

Due diligence (view source)

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 [[Due diligence]] is ''not'' an exercise in asking your counterparty to explain your legal {{t|contract}} to you. You can read that for yourself or, if you can’t bring yourself to do that,<ref>And who, really, could blame you?</ref> ask your [[legal eagle]]s to do that for you. Then ''they'' can advise you. But your [[broker]] is ''not'' your legal adviser, is specifically not be regulated to advise you on your contract (and, being the person on the other side of it, inherently [[conflict of interest|conflicted]] in giving you that advice).
-Nor is [[due diligence]] a fishing expedition. It is not an excuse for extracting commercially sensitive [[Confidential information - Confi Provision|confidential information]] from your broker or subcustodian, a legal entity who may, when wearing one of its thousand other faces, be your mortal competitor. Don't expect it to hand over all its  legal contracts with suppliers to you.
+Nor is [[due diligence]] a fishing expedition. It is not an excuse for extracting commercially sensitive [[Confidential information - Confi Provision|confidential information]] from your broker or subcustodian, a legal entity who may, when wearing one of its thousand other faces, be your mortal competitor. Don’t expect it to hand over all its  legal contracts with suppliers to you.
 ===What [[due diligence]] ''definitely'' is not===