CFIUS Approval Necessary for Sensitive Data in Intercontinental Deals

As the deal frenzy heats up, buyers, sellers and businesses should cautiously scrutinize whether their target retains sensitive files — any information that could be detrimental to the company or perhaps cause harm to it is competitors. Very sensitive files consist of personally identifiable facts, such as social security statistics and bank account numbers, and intellectual residence and other confidential business facts. If any of these types of data are present, a CFIUS-approval is important. As an example, a social media web page that uncovers HIV status or a finance company that delivers services to military staff are examples of companies with sensitive data http://dataroomsavings.info which may require CFIUS approval.