TravelTech due diligence
You invest in a sector with risks that don’t show up in a generic data room
Due diligence with a travel focus: package travel, suppliers, consumer law, data and the tax treatment of the model.
15+ years advising travel distribution businesses. Legal and tax advice for TravelTech funds and investors: sector due diligence, investment, portfolio regulatory risk and exits.
You invest in a sector with risks that don’t show up in a generic data room
Due diligence with a travel focus: package travel, suppliers, consumer law, data and the tax treatment of the model.
Term sheet, investment agreement and shareholders’ agreement on very tight deadlines
We negotiate the round documents: preferences, anti-dilution, governance and exit rights.
A consumer or data protection fine can sink a portfolio company’s valuation
Regulatory monitoring of the portfolio: consumer law, package travel, GDPR, AI and platform rules.
Intermediary or organiser? The model changes risks, revenue and tax
We analyse the portfolio company’s model and its legal and tax impact before you invest.
Startups processing traveller data and using AI without a compliance programme
GDPR and AI reviews of portfolio companies and post-investment remediation plans.
Selling a portfolio company to a travel or technology group
Vendor due diligence, negotiation of the sale and purchase agreement, warranties and earn-outs.
Investments from Spanish or foreign vehicles in startups across several countries
Tax structure for the investment and the exit, including from venture capital vehicles.
Portfolio companies with unresolved VAT, REAV or international expansion issues
Tax review of portfolio companies: VAT and REAV, permanent establishment and the startup regime.
We bring what a generalist firm cannot: we know the business models of travel distribution and where the risks lie in a travel startup.
A risk report before an investment committee or a term sheet review.
Full due diligence, round documents or the sale of a portfolio company.
Ongoing support for the fund and its portfolio companies on sector issues.
Beyond corporate, employment and intellectual property matters, it covers the intermediation model (intermediary or organiser), package travel and consumer rules, supplier and API contracts, data protection and the tax treatment of the model, including VAT.
Being classed as a package organiser without insolvency protection, breaching consumer and price transparency rules, processing traveller data without a GDPR programme, operating without the required travel agency licence or failing to meet the obligations of digital platforms.
It is the investor’s right to recover its investment, or a multiple of it, ahead of the other shareholders on a sale or liquidation. It can be participating, if the investor also shares in the remaining proceeds, or non-participating.
Yes. We have clients in Europe, North America, Latin America, the Middle East and Asia-Pacific, and we coordinate with local lawyers where each country’s rules require it.
Through one-off reviews ahead of a committee, fixed-scope due diligence, round or exit projects, or as ongoing support for the fund and its portfolio companies.
30 minutes with the team to review risks and priorities.
Or, if you prefer, email us and we’ll get back to you.
information@mylegalinbox.com