Due diligence is an investigation of a company that is usually used before concluding an agreement or starting new business co-operation. Due diligence involves a check of good standing of the company, evaluation of planned earnings and cash flows assessing quality of assets, identifying business risks, highlighting any unexpected issues that might affect execution of agreement, identifying hidden costs, commitments and contingencies, verifying and estimating potential tax exposures and other checks based on case-to-case basis. Due diligence helps to evaluate the fact whether you can trust your business partner through reliability check of new or current business partner in the result providing higher level of security.

Purpose of due diligence
The overall objective of due diligence procedure is to check the business partner and draw attention to possible problems or risks. Several types of due diligence exist and the checks depend on each transaction.

Property check
Before purchase of real estate - a property check should be done. It involves an intensive study of public registry, namely, if the property is registered correctly, if the owner actually has rights to sell the property or if the property is linked with any other properties. In addition, it implies identification of burden liabilities and any ongoing proceedings involving the property. If the property is rented out or registered any other rights for third persons, encumbrances and other registered restrictions, insolvency proceedings or tax debts, the property check must be done. Due diligence also covers revision of proposed purchase agreement and identification of risks that might affect the completion of the agreement, for example, if the property is rented out then the rent agreement must be taken into consideration.

Reliability check
In case of concluding business agreement between two companies, regarding prospective co-operation, the due diligence process would include such topics as: company records at the Company registry approving company name, legal address, officials and shareholders, Value Add Tax registry (VAT public registry), checking VAT tax payer status. Company’s financial stability can be checked at the Insolvency registry, to see if company has or ever had financial problems such as insolvency, temporary suspension of commercial activities, tax debts.

Mergers and acquisitions
In case of company acquisition, prior to concluding a share purchase agreement it would be important to assess the financial situation of target company, evaluating such factors as: earnings and cash flow quality, analysis of a quality of assets and liabilities. It is essential to evaluate a quantity and quality of personnel, identifyi the owned property and investigate if no pending issues or proceedings related to company property exist; checking public registries if no commercial pledges, encumbrances, and court proceedings are ongoing and might affect the company assets in future.

Membership in International Unions
Whether it is an alliance, incorporated union, federal union or supranational body here is the list of unions the country is a member of. Israel is a member of several unions. They are International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, World Bank, World Trade Organization.

International Monetary Fund
Israel is a member of International Monetary Fund. On 12 July 1954, it joined the IMF as a member. The IMF is an organization headquartered in Washington, D.C., of 189 countries working to foster global monetary cooperation, secure financial stability and facilitate international trade. The IMF now plays a central role in the management of balance of payments difficulties and international financial crises. The union is governed by and accountable to the all 189 member countries. As of 2010, the fund had SDR 476.8 billion (about US$ 755.7 billion).

Organisation for Economic Co-operation and Development
Israel is a member of Organisation for Economic Co-operation and Development. On 7 September 2010, it joined the OECD as a member. The Organisation for Economic Co-operation and Development (French: Organisation de coopération et de développement économiques, OCDE) is an international economic organisation of 34 countries, founded in 1961 to stimulate economic progress and world trade, and promote policies that will improve the economic and social well-being. It is a forum in which governments can work together to share experiences and seek solutions to common problems. OECD work with governments to understand what drives economic, social and environmental change. OECD measures productivity and global flows of trade and investment.

United Nations
Israel is a member of United Nations. On 11 May 1949, it joined the UN at its inception date as a full member state. Founded in 1945, the United Nations is an intergovernmental organization to promote international co-operation. The work of the United Nations are guided by the principles contained in its founding Charter. It is currently made up of 193 Member States. The headquarters of the United Nations is in Manhattan, New York City, further main offices are situated in Geneva, Nairobi and Vienna. Its objectives include maintaining international peace and security, promoting human rights, fostering social and economic development, protecting the environment, and providing aid.

World Bank
Israel is a member of World Bank. On 12 July 1954, it became a member of the World Bank Group. The World Bank is international financial institution that provides loans to developing countries. It's like a cooperative, made up of 189 member countries. These member countries are represented by a ministers of finance who are the ultimate policymakers at the World Bank. The World Bank's official goal is the reduction of poverty.

World Trade Organization
Israel is a member of World Trade Organization. On 21 April 1995, it joined the WTO as a member. The World Trade Organization is an intergovernmental organization which regulates international trade. At its core are the WTO agreements ratified in national parliaments. It is the only global international organization dealing with the rules of trade between nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence.

Slovakia is considered a large nation due to its total area. Its total land area is 49,035 km² (about 18,932 mi²). The continental shelf of Slovakia is approximately 0 km². Slovakia is in Europe. Europe is a continent whose borders date back to ancient times. European countries include the United Kingdom, Italy, Germany, Switzerland, Luxembourg, Malta and the Vatican, among others. Slovakia has 5 neighboring countries. Its neighbors include Austria, the Czech Republic, Hungary, Poland and Ukraine. Slovakia is a landlocked country. Average altitude range of Slovakia is 458 m (1,503 ft).

Neighbors
The total length of land borders of Slovakia is 1611 kilometers (~622 mi). Slovakia shares land borders with 5 different countries and has the same number of unique land borders with neighboring territories. If, as in the case of Slovakia, a country has the same number of distinct neighboring areas as land borders, then that country does not have non-contiguous sections of a land border. This is in contrast to several countries that have multiple non-contiguous stretches of land borders. Slovakia has 5 neighboring countries. Its neighbors include Austria, the Czech Republic, Hungary, Poland and Ukraine. The lengths of land borders of Slovakia with its neighboring countries are as follows:

Austria - 91 km (57 mi),
Czech Republic - 215 km (134 miles),
Hungary - 677 km (421 mi),
Poland - 444 km (276 mi),
Ukraine - 97 km (60 miles).

Cities
The capital of Slovakia is Bratislava. The largest city in Slovakia is Bratislava.

Elevation
Average altitude range of Slovakia is 458 m (1,503 ft). The highest point in Slovakia is Gerlachovský štít with an official elevation of 2655 m (8,711 ft). The lowest point in Slovakia is Bodrog. It is 94 m (308 ft) above sea level. The difference in altitude between the highest (Gerlachovský štít) and lowest (Bodrog) points in Slovakia is 2561 m (2 ft).

Area
The total land area of Slovakia is 49,035 km² (about 18,932 mi²). and the total Exclusive Economic Zone (EEZ) is 0 km² (~0 mi²). The continental shelf of Slovakia is approximately 0 km². Including the landmass and the EEZ, the total area of Slovakia is approximately 49,035 km² (~18,932 mi²). Slovakia is considered a large nation due to its total area.

Forest and farmland
20,006 km² of Slovakia's territory is covered with forests, and forest areas make up 41% of the total area of the country. There are 14,264 km² of arable land in Slovakia, which makes up 29% of the country's total area.