by Tim Adams, Director, ReOrient Legal Limited

"The Virtual Dataroom is a significant advance in managing the due diligence delivery process. It is user friendly requiring no specialist IT skills, and greatly facilitates what traditionally has proved to be the most laborious part of an acquisition/disposal. By avoiding unnecessary delays, it can speed up the transaction significantly and, as a by product, creates confidence in both parties that due diligence and disclosure has been carried out satisfactorily."