Confidentiality obligations require insolvency professionals to restrict information sharing unless consent or legal requirement permits. Insolvency professionals must keep all information related to insolvency processes confidential and not disclose or provide access to unauthorized persons. Resolution applicants may be given access to relevant information only if they undertake 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 unless those conditions are met.
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.
Confidentiality obligations require insolvency professionals to restrict information sharing unless consent or legal requirement permits.
Insolvency professionals must keep all information related to insolvency processes confidential and not disclose or provide access to unauthorized persons. Resolution applicants may be given access to relevant information only if they undertake 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 unless those conditions are met.
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