CFIUS Approval Required for Sensitive Data in World-wide Deals

As the offer frenzy gets hot, buyers, vendors and companies should cautiously scrutinize whether all their target keeps sensitive data files — details that could be detrimental to the company or perhaps cause harm to their competitors. Delicate files contain personally identifiable data, such as cultural security figures and banking account numbers, along with intellectual asset and other private business data. If some of these types of information are present, a CFIUS-approval is important. As an example, a social media site that explains HIV position or a financial services company that provides services to military staff are samples of companies with sensitive data that may require CFIUS approval.

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