When a company buys another company, the process of looking to see if there are any skeletons in the cupboard is known as due diligence. The buyers will hire advisers who will ask the seller's advisers questions about any issues they should know about. They may also do their own independent research.
Many of these claims were uncovered in a recent BBC investigation, but multiple legal experts have said Qatar either missed or dismissed much of what was already known about Al Fayed at the time of the purchase.
Harrods has told the BBC it is 'utterly appalled' by the allegations and has apologised to the victims. It now looks as if the scandal could cost the company and its owner millions.
In 'exceptional cases' this information might scupper a deal, though she believes it is more likely the buyer would ask the seller to compensate them for any losses that might come from the alleged behaviour.
Collection
[
|
...
]