Confidentiality obligations for resolution applicants govern access to the information memorandum and require protection of IP. The resolution professional must provide the information memorandum in physical and electronic form to resolution applicants to enable preparation of a ... Summary
Confidentiality obligations for resolution applicants govern access to the information memorandum and require protection of IP.
The resolution professional must provide the information memorandum in physical and electronic form to resolution applicants to enable preparation of a resolution plan, where "relevant information" includes financial position, disputes, and other specified matters. Access is conditional on undertakings to comply with confidentiality and insider trading laws, protect the corporate debtor's intellectual property, and not share the information with third parties.
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