If you're a creditor in Zimbabwe, you can get your hands on a litigation due diligence report. It's a handy little document that'll tell you all about any pending lawsuits against the person who owes you money. You might even find out about past court decisions or judgments involving your debtor.
Why would you want this info? Well, it can help you spot any red flags or patterns in your debtor's behavior. Maybe they've got a history of not paying what they owe. Or maybe there are a bunch of unsatisfied judgments piling up against them. Either way, it's good to know what you're dealing with.
But litigation due diligence isn't just about checking for lawsuits. You can also take a peek at any letters or correspondence that a company has sent to its auditors at the end of the year. These are called "litigation letters," and they're chock-full of juicy details.
In these letters, you'll find a list of all the active legal battles the company is fighting. That includes any claims or complaints that have been made against them. You'll also see any court orders or judgments that have been handed down. And if the company has made any hush-hush settlements out of court, you'll find that info here, too.
Why would you want this info? Well, it can help you spot any red flags or patterns in your debtor's behavior. Maybe they've got a history of not paying what they owe. Or maybe there are a bunch of unsatisfied judgments piling up against them. Either way, it's good to know what you're dealing with.
But litigation due diligence isn't just about checking for lawsuits. You can also take a peek at any letters or correspondence that a company has sent to its auditors at the end of the year. These are called "litigation letters," and they're chock-full of juicy details.
In these letters, you'll find a list of all the active legal battles the company is fighting. That includes any claims or complaints that have been made against them. You'll also see any court orders or judgments that have been handed down. And if the company has made any hush-hush settlements out of court, you'll find that info here, too.
