The term Due Diligence has become a buzz word over the last few weeks as various government agencies have captured the words within their press releases dealing with the Lambirds Academy matter. However there is a legal definition which is as follows: “Due diligence is a measure of prudence, activity, or assiduity, as is properly to be expected from, and ordinarily exercised by, a reasonable and prudent person under the particular circumstances; not measured by any absolute standard but depends on the relative facts of the special case.” The operative words are prudence, a level of activity and assiduity or close attention to details. There is also no absolute standard as the particular circumstances will demand different strategies by the reasonable and prudent individual or entity engaged in the due diligence. I will invite anyone to go on the Lambirds website and see how...