H & S assisted a client in performing and analyzing incredibly time sensitive due diligence focused on the possible acquisition of the worldwide intellectual property and other assets of a business conglomerate with operations in California, South America, the Pacific Rim and the European Union. These companies were in receivership in California. In the process, we uncovered deal threatening weaknesses in the receiver’s control over key assets outside of the United States and assisted in developing a strategy to remedy the same. Ultimately, the transaction did not proceed because of the occurrence of unanticipated overseas events. Halloran & Sage acknowledges the timely assistance of our ALFA International counterpart in San Diego, Higgs, Fletcher & Mack, LLP for their expert in aid in San Diego, California and Tijuana, Mexico.