What is “Clean-up list”?

What is “Clean-up list”?

As a result of the due diligence report, whıle havıng the pıcture of the company, at the same time also whether or not having the legal shortcomıngs of the target company are determined.

For example, if it is determined in the due diligence report that the company has not completed the process of complying with the personal data protection legislation, that the commercial books are not kept in accordance with the law, etc., these deficiencies will need to be eliminated before the intended transaction is carried out. Here, the list that shows all these deficiencies and how to fix them is called the "clean-up list" in practice. If the buyer decides to continue the transaction in light of the due diligence report, the target company must "clean up" the issues included in the clean up list before closing.