Development Team Due Diligence

Objective

Assess the background and track record of the team leading the development of a new hotel on the Mediterranean.

Results

While the project was indeed being led by a businessman with an established record in the hospitality industry, local-language litigation research revealed an ongoing debt lawsuit filed by the widow of his former business partner, a potential red flag for future partners. In addition, the individual’s graduate degree in business administration had been granted by an alleged “diploma mill,” calling into question his judgment and the legitimacy of his credentials.

Value-add

Forward Risk’s international public records capabilities, including local language expertise, uncovered the ongoing litigation, which had not been publicly reported on in English-language sources. Additionally, Forward Risk provided context about the history and public perception of the “diploma mill” in question, so that the client could gauge the potential consequences of the businessman’s questionable education claim.