CFIUS Approval Necessary for Sensitive Files in Foreign Deals

As the deal frenzy gets hotter, buyers, vendors and companies should cautiously scrutinize if their target supports sensitive files — any information that could be detrimental to the company or cause harm to the competitors. Hypersensitive files include personally identifiable information, such as sociable security amounts and bank-account numbers, along with intellectual building and other secret business facts. If some of these types of data are present, a CFIUS-approval is essential. As an example, a social media web page that shows HIV status or a financial services company that gives services to military personnel are samples of companies with sensitive data my site which may require CFIUS approval.

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