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Article 7
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In deciding to undertake a case, an expert shall at least:
- evaluate the independence of expert .
- evaluate the undertaking of case.
- execute a power of attorney and reach an agreement with the principal on the basis of execution of the case, and incorporate the following in the power of attorney subject to the applicable circumstances:
- the principal shall advise the way in which, and the reference based on which, the price is determined, have provided all reference information for price determination and a representation of the truthfulness of the information, and provide the working papers when necessary.
- if the expert bases the opinion it issues on any other expert report provided by the principal, the principal shall provide the power of attorney and other representation of expert independence between the principal and such other expert. When necessary, the expert shall request the principal obtain the working papers from such other expert.
- if the expert verifies the results of evaluation by the principal in accordance with Article 16 or 17 of the Acquisition and Disposal Regulations, the principal shall provide an evaluation report and a representation that the reasonableness of the transaction cost has been evaluated as required, and, when necessary, further provide the working papers.
- matters with which the principal and relevant parties shall comply, such as a representation of material subsequent events.
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