Due Diligence en La Escisión

 

]DAPKCKOKG RAKSBZ_K@G@ RAKSBZ_K@G@ OGPßEKOG @BE ] ]BZÙ BZÙ HGB_PZKG @BZBOLD @B EG BH]ZB_G

EG DJEKFGOKßA @B ZBGEKYGZ BE ]ZDOB_D @B @RB @KEKFBAOB ]ZBSKD G EG B_OK_KßA

GRPDZ9 VKE_DA JBZAGZ@D Eß]BY IGZG I GZG

 

 

EG DJEKFGOKßA @B ZBGEKYGZ BE ]ZDOB_D @B @RB @KEKFBAOB ]ZBSKD G EG B_OK_KßA K.- PBHG

Ba be ]brù huolgs bhprbsgs sb lga rbdrfgakzg`d, skba`d uag cdrhg `b rbdrfgakzgrsb eg bsokskÿa y sb prbtba`b kavbstkfgr oÿhd sb eebvg g ogjd y ouga djekfgtdrkd bs rbgekzgr prbvkghbatb ua prdobsd `b `ub `kekfbaob gatb uag bsokskÿa, `g`d qub eg sdokb`g` jbabckokgrkg jusog rb`uokr rkbsfds, pdr ed qub `bjb gsbfurgrsb `b rbokjkr be jedqub d jedqubs pgtrkhdakgebs `b eg sdokb`g` bsoka`k`g d tgrfbt, oda tdtge oegrk`g` y ba ÿptkhgs oda`kokdabs,, g cka `b bvktgr odatkafbaokgs oda`kokdabs odatkafbaokgs `b tkpd egjdrge, trkjutgrkd, g`hkakstrgtkvd, g`hkakstrgtkvd, ebfge, tëoakod y ckagaokbrd. c kagaokbrd.

KK.- ]ZDJEBHG @B KASB_PKFGO KASB_PKFGOKßA KßA _k jkba ba aubstrg ebfksegokÿa sdokbtgrkg (Grt ?36 EF_) bstç rbfueg`d eg bsokskÿa odhd cdrhg `b rbdrfgakzgokÿa `b uag bhprbsg, batba`këa`dsb odhd eg `kvkskÿa `b jedqubs pgtrkhdakgebs, jkba pgrg orbgr uag aubvg sdokb`g` d sded pgrg trgashktkr pgrtb `b eds jedqubs g dtrg sdokb`g`> ska bhjgrfd aubstrg ebfksegokÿa ad rbfueg be prdobsd `ub `kekfbaob, pbrd ba eg `dotrkag gefuads gutdrbs odhd ]gybt eg `bckaba odhd ――be be prdobsd `b rbvkskÿa `b ogrçotbr ebfge, ckagaokbrd, odatgjeb y tëoakod, qub be odhprg`dr rbgekzg rbspbotd `b eg bhprbsg djibtkvd oda e g ckagek`g` `b obrokdrgrsb su rbgek`g`‘ (]gybt, :==;,  p. 62). [ skba`d eg bsokskÿa uag cdrhg `b g`qukrkr uag bhprbsg, ogjb pegatbgrsb odhd prdjebhg `b kavbstkfgokÿa ed skfukbatb  ´ _ brç djekf gtdr gtdrkk d r bgek bgek zgr ua g`boug`d

 prdobs  pr dobs d `b `ub `kekf baob prbvk pr bvk d g eg bs ok s kÿ kÿa4 a4

KKK.- LK]ßPB_K_ Odhd ba td`d prdobsd `b bsokskÿa bxkstba rkbfds `b tkpd, ebfge, ckagaokbrd, odatgjeb, trkjutgrkd y egjdrge> ska bhjgrfd sb pub`b hkakhkzgr be rkbsfd, pdr ed qub `bjb sbr djekfgtdrkd td`d prdobsd `b `ub `kekfbaob prbvkd g eg bsokskÿa, qub pdskjkektb odadobr gqubeeg kacdrhgokÿa qub ad bs pùjekog `b eg bhprbsg qub sbrç bsoka`k`g d tgrfbt, g cka `b bvktgr odatkafbaokgs. odatkafbaokgs.

:

 

KS.- DJIBPKSD   Ba be prbsbatb trgjgid `b kavbstkfgokÿa, kavbstkfgo kÿa, sb prbtba`b kavbstkfgr sk sbrç djekfgtdrkd



rbgekzgr ua g`boug`d prdobsd `b `ub `kekfbaob, prbvkd ge prdob`khkbatd `b bsokskÿa, g cka `b bvktgr odatkafbaokgs ebfgebs ebfgebs,, ckagaokbrgs, trkjutgrkgs y tëoakogs.

S.- B_PG@D @B GZPB _b rbvksÿ eg tbsks9 ―Egs Cuskdabs y G`qukskokdabs ba be ]brù9 Khpdrtgokÿa `b oeçusuegs `be @brbold Adrtbghbrkogad y su khpebhbatgokÿa ba egs dpbrgokdabs `b g`qukskokÿa bhprbsgrkgebs‘‘, ba eg qub trgtg g eg bsokskÿa odhd hbogakshd `b g`qukskokÿa uag bhprbsgrkgebs bhprbsg, hb`kgatb be gpdrtb `b ua jedqub pgtrkhdakge y ba eg qub g`bhçs be gutdr sb÷geg qub sb pub`ba orbgr skabrfkgs odrpdrgtkvgs> g`kokdagehb g`kokdagehbatb atb sb rrbsgetg bsgetg qub lgjrç `b rbfuegr `b hgabrg odavbakbatb eds goubr`ds qub grrkjb eg `krbookÿa `b uag bhprbsg, g cka `b bvktgr ougequkbr odatkafbaokg, pgrg beed sbrç abobsgrkd rbgekzgr be prdobsd `b `ub `kekfbaob (Ogeghpg y Sgrfgs, :=76, pp.00-03). @be hkshd hd`d sb rbvksÿ trgjgids `b kavbstkfgokÿa odhd9 Be `ub `kekfbaob y eg rbspdasgjkek`g` sdokge `be odatg`dr pùjekod crbatb g egs cuskdabs y bsokskdabs bhprbsgrkgebs, ba be qub sb pegatbg pegatbg qub ―ua ―ua prdobsd `b `ub `kekfbaob jkba drkbatg`d sb odavkbrtb ba uag lbrrghkbatg kavgeugjeb pgrg egs bhprbsgs qub `bsbga ogpktgekzgr sus dpdrtuak`g`bs ba eds hbrog`ds `bsgrrdeeg`ds d ba pebad `bsgrrdeed> yg qub ba ua  prdobsd `b cuskÿa, gekgazg bstrgtëfkog d bsokskÿa, bsokskÿa, sbg cdrhge u dpdrtuakstg, dpdrtuakstg, `bjb odavbrtkrsb ba be ka`kog`dr dpdrtuad qub `krkig be prdobsd `b `bok`kr sdjrb bhprbsgs oga`k`gtgs g sbr g`qukrk`gs‘ ( Ogad, Ogad, :==

d

bxkstbatb. j) Eg sbfrbfgokÿa `b

ekquk`grsb,

ouhpekba`d

bsoka`batb,

ska

uag

`be

pgtrkhdakd ba `ds d hçs

rbquksktds

sdokb`g`

pgrtbs, qub sb trgasckbrba g

cdrhgek`g`bs prbsorktgs

bxtkafukrsb, jedqub ed

vgrkgs sdokb`g`bs bxkstbatbs d sb `bstkaga g eg orbgokÿa

pdr bstg eby.

ouga`d

eg

bxtkafukrsb,

d

`b

ba

uag

sdokb`g`

g

pgrtbs

gpdrtg ba jedqub pgrtb `b su

pgtrkhdakd

gotkvd, pgskvd y ogpktge g dtrg u dtrgs sdokb`g`bs `b aubvg

gaÿakhg ska trgspgsga`d ba

orbgokÿa.‘   orbgokÿa.‘

sbfrbfg`d

g

Eby

jedqub

vgrkgs `b

eg

uag

uag

d

vgrkgs

pgrtbs

`b

`kvk`kba`d

su

su

?36

Eby

eg bsokskÿa uag

jedqubs

`b aubvgs sdokb`g`bs.‘ sdokb`g`bs.‘  

sdokb`g`bs `b aubvg orbgokÿa d yg bxkstbatbs.‘  bxkstbatbs.‘ 

_b baodatrgrda bebhbatds qub odkaok`ba ba `bckakr g eg bsokskÿa odhd9 eg `kvkskÿa d crgookdaghkbatd `b td`d d pgrtb `be pgtrkhdakd `b eg sdokb`g` bsoka`k`g, g cgvdr `b eg sdokb`g` aubvg d yg bxkstbatb, gsè hkshd odka`koba ba hbaokdagr qub sb pub`b bxtkafukr ba ogsd sb trgasckbrg eg tdtgek`g`. _ka bhjgrfd eg ebfksegokÿa Odedhjkgag hgrog eg `kcbrbaokg ge lgobr hbaokÿa g eg ―`ksdeuokÿa `ksdeuokÿa‘‘  ba vbz `b eg ―bxtkaokÿa bxtkaokÿa‘‘, ba ogsd `b trgascbrkr eg tdtgek`g` `b su pgtrkhdakd, ogsd odatrgrkd g aubstrg ebfksegokÿa, qub bs oegrg ba prboksgr qub ba eg bsokskÿa tdtge, be bcbotd bs qub sb prd`uob eg bxtkaokÿa `b eg sdokb`g` bsoka`k`g (Grt ?3 EF_).

SK.- @B_GZZDEED @BE ]ZDJEBHG @B KASB_PKFGOKßA ]grg Bekgs Egrdzg, ―eg ―eg bsokskÿa bs ua kastruhbatd `b frga khpdrtgaokg ba eds prdobsds `b rbdrfgakzgokÿa `b sdokb`g`bs, qub pbrhktba edfrgr djibtkvds bodaÿhkods y sdokgebs

d

pgrg

pgrg

eds y

egs

huy `kvbrsds y odhpebids pgrg egs pbrsdags agturgebs y iurè`kogs kavdeuo rg`gs‘ kavdeuo rg`gs‘ (:=72,  p. 03;). 03;). Ba eg qub sbfùa aubstrg ebfksegokÿa sdokbtgrkg (Grt ?36) eg bsokskÿa sb eebvg gogjd be crgookdaghkbatd `b jedqubs pgtrkhdakgebs, sbg pgrg trgascbrkreds g dtrg sdokb`g` bxkstbatb d pgrg orbgr uag aubvg sdokb`g`, oegskckoga`d ba : tkpds `b bsokskÿa9 eg bsokskÿa tdtge, ba eg qub sdokb`g` bsoka`k`g trgasckbrb uad d hçs jedqub pgtrkhdakgebs g dtrg sdokb`g` g eg qub eeghgrbhds ―jbabckokgrkg jbabckokgrkg‘‘ qub pub`b sbr aubvg d prbbxkstbatb, skba`d be bcbotd qub bstg sdokb`g` bsoka`k`g sb bxtkafub ska ekquk`grsb, yg qub sb qub`g 0

 

ska pgtrkhdakd y be dtrd tkpd bs eg bsokskÿa pgrokge, ba eg qub sb trgasckbrb pgrtb `be pgtrkhdakd, skba`d be bcbotd qub eg sdokb`g` bsoka`k`g gùa ad sb bxtkafub, gùa sb qub`g oda pgtrkhdakd, pbrd sk tba`rç uag rb`uookÿa ba su ogpktge. _bfùa Zghèrbz y Sbegr`b, bxkstba ougequkbrg `b egs skfukbatbs rgzdabs pgrg kakokgr ua prdob`khkbatd `b bsokskÿa9 (k) jusogr rb`kstrkjukr egs gotkvk`g`bs `b uag bhprbsg d bspbokgekzgr egs gotkvk`g`bs bodaÿhkogs ba vgrkgs sdokb`g`bs> (kk) rb`uookÿa `be pgfd `b khpubstd> (kkk) `bsobatrgekzgokÿa fbdfrçckog> (kv) cgetg `b odasbasd pbrhgabatb ba eg tdhg `bokskdabs ba uag sdokb`g` y (v) bvktgr kaourrkr ba ua skstbhg `b odaoursd `b rbbstruoturgokÿa (pp. ?2:-?2?). ]dr ed qub, eg bhprbsg qub prbtba`b g`qukrkr eds jedqubs pgtrkhdakgebs `b eg sdokb`g` bsoka`k`g, bstgrç ba eg djekfgokÿa `b k`batkckogr jgid qub rgzdabs sb bsoka`b eg sdokb`g`. Ba be prdob`khkbatd `b bsokskÿa sb bstgjeboba cgsbs, gsè tbabhds qub ba eg cgsb

prbpgrgtdrkg, sb odhkbazg oda eg begjdrgokÿa `be tbxtd `be prdybotd `b bsokskÿa, eg hkshg qub sbrç gprdjg`d oda be vdtd cgvdrgjeb `b eg hgydrèg gjsdeutg `b eds hkbhjrds `be `krbotdrkd `b og`g uag `b egs sdokb`g`bs qub katbrvkbaba, ba ogsd ad tbafga `krbotdrkd, sbrça gprdjg`ds pdr qukba g`hkakstrb eg sdokb`g` (Grt. ?67 EF_). Ba bstb prdybotd sb gagekzg ba tërhkads fbabrgebs eg sktugokÿa iurè`kog, ckagaokbrg, bodaÿhkog y odatgjeb `b egs sdokb`g`bs pgrtkokpgatbs, gskhkshd sb bstgjeboba orktbrkds `b vgedrkzgokÿa, be prdob`khkbatd `b ogaib `b gookdabs d pgrtkokpgokdabs (grt. ?6: EF_). Odhd sbfua`g cgsb tbabhds eg `boksdrkg, bs be hdhbatd ba qub egs iuatgs fbabrgebs `b og`g uag `b egs sdokb`g`bs qub pgrtkokpga gprubjga be prdybotd `b bsokskÿa y ckiga uag cbolg `b batrg`g ba vkfbaokg `b eg bsokskÿa (Grt ?63 EF_) y pdr ùetkhd ba eg cgsb

`b bibouokÿa, vbaok`d be pegzd pgrg sbpgrgrsb u dpdabrsb `be prdobsd `b bsokskÿa, sb trghktg eg bsorkturg pùjekog `b bsokskÿa pgrg su pdstbrkdr kasorkpokÿa ba eds rbfkstrds

pùjekods (Grt. ? (kkk) prkaokpgebs odatrgtds> (kv) gspbotds egjdrgebs> (v) gspbotds g`hkakstrgtkvds, kaoeuk`ds gsuatds huakokpgebs huakokpgeb s y pbrhksds> (vk) gspbotds trkjutgrkds> (vkk) ektkfkds, (vkkk) ( vkkk) prdpkb`g` katbebotuge. katbebotuge. (kx) hb`kd ghjkbatb, (x) rbfuegtdrkds `b goubr`d ge sbotdr bspboèckod y dtrds puatds odhpebhbatgrkds `bpba`kba`d `be tkpd `b abfdokds `be tgrfbt (Sbrg, :=72).

Og`g vbz qub sb gagekzg og`g uad `b eds puatds gatbs hbaokdag`d, sb `bjb lgobr ua olbonekst, ge ckagekzgr sb `bjbrç bhktkr ua kacdrhb `b eg sktugokÿa gotuge `b eg bhprbsg tgrfbt, oda beed tba`rbhds uag rg`kdfrgcèg `b eg sdokb`g` qub prbtba`b gpdrtgr jedqubs pgtrkhdakgebs.

SKK.- @K_OR_KßA Bstg kavbstkfgokÿa tuvd odhd prdpÿsktd gagekzgr sk sbrç djekfgtdrkd rbgekzgr be prdobsd `b `ub `kekfbaob prbvkd ge prdob`khkbatd `b bsokskÿa, `g`d qub sk jkba ad bxkstb ua hgrod ebfge qub rbfueb be `ub `kekfbaob, bs khpdrtgatb odask`brgr qub `bjb sbr djekfgtdrkd eebvgrsb g ogjd, `g`d qub ads pbrhktb k`batkckogr odatkafbaokgs, qub ba ogsd bxkstga,

`bjbrèga sbr sujsgag`gs prbvkgs g eg trgascbrbaokg `b eds jedqubs pgtrkhdakgebs. Ag`kb odhprg uag ogsg ska gatbs sgjbr oÿhd bstç pdr `batrd, pdr beed lgy qub kavbstkfgr kavbstkf gr ba quë bstg`d sb baoubatrg, ed hkshd pgsg ouga`d sb prbtba`b g`qukrkr jedqubs pgtrkhdakgebs `b uag sdokb`g` bsoka`k`g, sb `bjb rbgekzgr be prdobsd `be `ub `kekfbaob oda be cka `b hkakhkzgr eds rkbsfds `b tkpd ebfge, ckagaokbrd, trkjutgrkd, odatgjeb y tëoakod. ´Wuë pgsgrèg sk uag sdokb`g` prb bxkstbatb g`qukbrb jedqubs pgtrkhdakgebs, ska tbabr odadokhkbatd qub, gatbs `b eg bsokskÿa, eg sdokb`g` bsoka`k bsoka`k`g `g lgjèg `bspb`k`d g vgrkds trgjgig`drbs4 _k lujkbrg rbgekzg`d prbvkghbatb ua prdobsd `b `ub `kekfbaob, bstghds sbfurds `b qub sb pu`d lgjbr k`batkckog`d eg pdskjeb odatkafbaokg egjdrge. Ba bstb ogsd be ]d`br iu`kokge dr`bagrg qub sb rbpdafg g eds trgjgig`drbs g eg sdokb`g` qub g`qukbrb eds jedqubs pgtrkhdakgebs, `g`d qub eg bsokskÿa ad bxtkafub be vèaoued egjdrge y sbrç eg sdokb`g` prb bxkstbatb eg qub gsuhg eg `bu`g egjdrge. Ra ogsd skhkegr, lg sk`d rbsuetd

3

 

pdr eg Odrtb _uprbhg sbfùa OG_ 776-:=7:-KOG, gsbfurga`d qub eg rbpdskokÿa `be trgjgig`dr cdrhg pgrtb `b egs djekfgokdabs `b eg aubvg bhprbsg. ]dr beed sb rbodhkba`g qub egs bsokskdabs `bjba pgsgr prbvkghbatb pdr ua prdobsd `b `ub `kekfbaob, oda be cka `b gagekzgr eds ogsds oda pdskjebs odatkafbaokgs egjdrgebs y ad sded egjdrgebs, skad tghjkëa dtrds dtr ds tkpds `b odatkafbaokgs odatkafbaokgs odhd ckagaokb c kagaokbrgs, rgs, trkjutgrkgs, batrb dtrgs> bstd oda be cka `b bstgjebobr be vgedr `be gpdrtb `b eds jedqubs pgtrkhdakgebs qub sbrça trgascbrk`ds.

SKKK.- ZBCBZBAO ZBCBZBAOKG_ KG_ JKJEKDFZÇCKOG_ 7. Ogeghpg Skeegdr`u÷g H y Sgrfgs Ogstkeed H. (:=76). Egs Cuskdabs y  G`qukskokdabs  G`qukskokda bs ba be ]brù Khpdrtgokÿa `b oeçusuegs `be @brbold Adrtbghbrkogad y su khpebhbatgokÿa ba egs dpbrgokdabs `b g`qukskokÿa bhprbsgrkgebs.

Zboupbrg`d

`b

lttp9//rbpdsktdrkd.bsga.b`u.pb/jk lttp9//rbpdsktdrkd .bsga.b`u.pb/jktstrbgh/lga`eb tstrbgh/lga`eb/B_GA/77