With data privacy issues constantly in the news, what do businesses need to know about handling personal information when they’re considering bankruptcy, especially if some personal information – like customer records – may be a valuable asset?
Global, USA, Insolvency & Restructuring, IT & Data Protection, Weil Gotshal & Manges LLP, Personal data, Title 11 of the US Code, GDPR, California Consumer Privacy Act 2018 (USA)
With data privacy issues constantly in the news, what do businesses need to know about handling personal information when they’re considering bankruptcy, especially if some personal information – like customer records – may be a valuable asset?
USA, Corporate Finance/M&A, Insolvency & Restructuring, IT & Data Protection, Litigation, Weil Gotshal & Manges LLP, Personal data, Federal Trade Commission (USA), Title 11 of the US Code
In this proceeding, the Full Court of the Federal Court considered three main issues:
- whether certain on-lending arrangements gave rise to legitimate tax deductions for interest;
- duties and liabilities of directors who were not directly involved in the impugned transactions; and
- costs payable by a representative where claims were brought against the estate of a deceased director and the representative of that estate, in his own right.
Facts
Australia, Israel, Banking, Company & Commercial, Insolvency & Restructuring, Litigation, The Commercial Bar Association of Victoria, Tax deduction, Federal Court of Australia