What are the possible legal hurdles in carrying out a legal due diligence of the target company and what are the actions to be taken to break the said hurdles in due diligence?

Possible hurdles and remedial actions in legal due diligence: The possible hurdles that may arise in carrying out a legal due diligence of the target company are as under: Non availability of information - In many occasions, when a person carries out due diligence, the required information may not be available or insufficient to derive a complete picture. Unwillingness of target company's personnel in providing the complete information - Non co-operation of target company's personnel may also prove to be a major hurdle during due diligence process. Sometimes the available information would be pretended as not available. Providing of incorrect information - Providing of incorrect information by the target personnel also acts as a major hurdle in the due diligence process. Complex tax policies and hidden liabilities - Complex tax policies and structures may create a number of hidden tax liabilities which may not be easy to track. Multiple regulations and its applicability - Owing to the new and emerging legislations, it is difficult to interpret whether a specific legislation is applicable for business and getting legal opinion on the same would prove to be very costly. Process in providing data - Multiple Layers of review and scrutiny before data is provided for due diligence also hinders and delays the due diligence process. Absence of proper MIS - Due diligence process would become difficult if there is no proper MIS in the company. The actions to be taken to break hurdles in due diligence: To focus on the follow up questions; To ask several people the same questions and utilize appropriate professional skepticism; Police persistence may help to overcome this attitude; To have independent check with regulatory authorities.