This may be OT, but I'd like to know more about organizational practices (and corresponding contractual language) that mitigate this risk.
My vague impression is that unless one takes deliberate steps to remove such information from the available... "asset pool", when bankruptcy strikes, all bets are off (in the U.S., at least).
Any effective limits after that point seem more often to be PR-based (bad PR decreasing, negating, or even outweighing the value of the information) than due to legal stricture. Or else a matter of getting a "one-off" restriction from a court proceeding.
This is just my impression from the news. I would welcome any clarification.
Comments
This may be OT, but I'd like to know more about organizational practices (and corresponding contractual language) that mitigate this risk.
My vague impression is that unless one takes deliberate steps to remove such information from the available... "asset pool", when bankruptcy strikes, all bets are off (in the U.S., at least).
Any effective limits after that point seem more often to be PR-based (bad PR decreasing, negating, or even outweighing the value of the information) than due to legal stricture. Or else a matter of getting a "one-off" restriction from a court proceeding.
This is just my impression from the news. I would welcome any clarification.