Due Diligence requests come in a variety of forms. Generally speaking, these come up when a client wants to confirm the truth or accuracy of a particular ‘fact’ presented to them from elsewhere. Most of the time, these requests arise from hiring situations, contract negotiations, or investigations prior to making a large investment.
These sensitive requests often concern specific key individuals and involve background and public reputation-checks, criminal records, employment and educational histories, and more. This may also take the form of examining secondary sources of information. In Japan this is very delicate and sensitive work.
Outside Japan, much of this information is available to the public. Employment and education records are easily confirmed. When sources are scarce or a search becomes difficult, there are countless professionals in this field. Simply armed with a social-security number, birth date, driver’s license number, or similar personal identification, nearly anything can be uncovered.
In Japan, the situation is considerably different. Recent enactment of the Personal Information Protection Law significantly burdened holders of personal information with heightened privacy concerns. Since leakage of such information invites both legal penalties and public scorn; companies, institutions, government offices, and educational institutions are extremely reluctant to disclose what may seem like even the most obvious and necessary-to-know information.
We run due diligence on all types of information as a matter of course for our clients. This proficiency allows you to make the critical decisions confronting you quickly and with confidence.