CFIUS Approval Necessary for Sensitive Documents in Overseas Deals

As the deal frenzy gets hotter, buyers, sellers and firms should carefully scrutinize whether their target contains sensitive data — details that could be detrimental to the company or cause harm to its competitors. Sensitive files incorporate personally identifiable details, such as interpersonal security volumes and savings account numbers, along with intellectual house and other confidential business facts. If these types of data are present, a CFIUS-approval is essential. As an example, a social media web page that uncovers HIV position or a financial services company that delivers services to military staff members are examples of companies with sensitive data http://dataroomsavings.info/ that may require CFIUS approval.