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After due diligence, the board confirmed the company was a clean shell, a legal entity demonstrably free of liabilities, suitable for the merger.
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After due diligence, the board confirmed the company was a clean shell, a legal entity demonstrably free of liabilities, suitable for the merger.
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Related words
clean shell
Noun
Japanese Meaning
負債が存在しないことが明確な法人（法的実体） / 法律上で負債を持たないことが証明された企業形態 / 負債が一切なく、主に企業買収や事業再編で利用されるシェル会社
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