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  • 09-11-2012

On October 9 2012 a bill was introduced to Parliament that provides for a right to reclaim intangible and non-fungible movable assets from a bankrupt company. According to the explanatory memorandum, the proposed bill is intended to allow for the recovery of data from a bankrupt provider of distance IT services or cloud computing solutions. Once passed, the law will provide greater certainty as to the consequences of the bankruptcy of a cloud computing provider for the data in its possession.

Source: ILO - November 2012

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