Buying personal data from an insolvent business?

Jeremy Phillips

Recently the IP Finance weblog posted an article by Louise O’Callaghan entitled “The Sale of Databases as Assets in Insolvency”. The title suggests that the article is all about database rights in intellectual property. In fact, most of the text discusses the Data Protection Act issues that arise when collections of personal data are assets of a business that has become insolvent. As expected, the legal protection of data subjects is not something that the purchaser of data assets from an insolvent business can easily get around, which may make the acquisition of the data an awkward chore for the prospective purchaser.

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