CFIUS Approval Required for Sensitive Documents in Overseas Deals
As the deal frenzy heats up, buyers, retailers and corporations should cautiously scrutinize whether http://dataroomsavings.info/secrets-of-secure-sharing-large-or-sensitive-files-in-international-deals/ their particular target holds sensitive files — details that could be bad for the company or cause harm to their competitors. Sensitive files contain personally identifiable information, such as sociable security amounts and bank account numbers, as well as intellectual asset and other confidential business details. If some of these types of data are present, a CFIUS-approval is a must. As an example, a social media web page that reveals HIV status or a financial services company that delivers services to military staff are instances of companies with sensitive data which may require CFIUS approval.