CFIUS Approval Required for Sensitive Documents in Overseas Deals

Notas de prensa

12 de febrero de 2023

As the deal frenzy heats up, buyers, vendors and corporations should carefully scrutinize whether their particular target holds sensitive data files — any information that could be detrimental to the company or perhaps cause harm to the competitors. Hypersensitive files contain personally identifiable info, such as cultural security numbers and savings account numbers, along with intellectual residence and other secret business data. If some of these types of information are present, a CFIUS-approval is essential. As an example, a social media internet site that shows HIV status or a financial services company that provides services to military staff members are types of companies with sensitive info which may require CFIUS approval.