Information memorandum access requires confidentiality and intellectual property protections before disclosure to prospective resolution applicants for plan formulation. Section 29 requires the resolution professional to prepare an information memorandum specified by the Board and to provide resolution applicants access to all relevant information in physical and electronic form provided the applicant undertakes to comply with confidentiality and insider trading laws, to protect any intellectual property of the corporate debtor, and not to share the information with third parties; relevant information includes the corporate debtor's financial position, information related to disputes, and other matters necessary for formulating a resolution plan.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Information memorandum access requires confidentiality and intellectual property protections before disclosure to prospective resolution applicants for plan formulation.
Section 29 requires the resolution professional to prepare an information memorandum specified by the Board and to provide resolution applicants access to all relevant information in physical and electronic form provided the applicant undertakes to comply with confidentiality and insider trading laws, to protect any intellectual property of the corporate debtor, and not to share the information with third parties; relevant information includes the corporate debtor's financial position, information related to disputes, and other matters necessary for formulating a resolution plan.
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