Foreign investors come to Slovakia with the expectation of standard acquisition processes, structured due diligence, experienced teams and proven checklists.

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With Slovak target companies, however, they often run into a reality the checklist does not capture.

The problem is not what is in the data room. The problem is what is not in it — and what only makes sense to local advisers when they look beneath the surface of the documents.

Gentlemen agreements instead of contractual relationships