Confidentiality, Secrecy and Privilege in Corporate Insolvency and Bank Resolution.

Intro -- Table of Contents -- Preface -- List of Abbreviations -- 1 Introduction -- 1.1 Confidentiality, Secrecy and Privilege -- 1.2 Purpose of This Book -- 1.3 Structure of This Book -- 2 The Concepts of Confidentiality, Secrecy and Privilege -- 2.1 Confidentiality -- 2.1.1 Confidentiality vis-à-vis Privacy -- 2.1.2 Confidentiality vis-à-vis Data Privacy -- 2.1.3 The Concept of Confidentiality for Lawyers -- 2.2 Secrecy -- 2.2.1 Legal Professional Secrecy -- 2.2.2 Bank Secrecy -- 2.3 Privilege (Attorney-Client Privilege) -- 3 Debtors -- 3.1 Debtors' Duty of Disclosure -- 3.2 Debtors' Attorney-Client Privilege -- 3.2.1 The Status Quo - Conflicting Views -- 3.2.2 Corporate Debtors: The Succession Theory -- 3.2.3 Individual Debtors: The Human Right Principle -- 3.2.4 Other Issues -- 3.2.4.1 Pre-Insolvency Disputes -- 3.2.4.2 Survival of Attorney-Client Privilege after a Company's Dissolution -- 3.2.4.3 Investigations, Exploration, Enquiry -- 3.2.5 Applicable Law in Cross-Border Insolvency -- 3.3 Non-Disclosure of Confidential Information -- 4 Insolvency Practitioners -- 4.1 The Power to Obtain Information in Relation to Debtors -- 4.1.1 Exclusion of Confidential, Secret and Privileged Information -- 4.1.2 Exterritorial Effect of IPs' Power to Access Information -- 4.2 Duty of Confidentiality -- 4.2.1 Statutory Basis -- 4.2.2 Application of Legal Professionals' Rules -- 4.2.3 Disclosure of Information Obtained in Insolvency Proceedings -- 4.3 Confidentiality in Cross-Border Communication and Cooperation -- 5 Courts and Insolvency Authorities -- 5.1 Public Access to Court Documents in Insolvency Proceedings -- 5.1.1 Public Access to Court Documents -- 5.1.2 Public Access to Court Documents in Insolvency Proceedings -- 5.2 Confidentiality in Out-of-Court Restructuring -- 5.3 Privilege.

5.4 Confidentiality in Cross-Border Cooperation and Communication -- 6 Creditors -- 6.1 The Power to Access Debtor's Information -- 6.1.1 Creditors and Creditors' Committees' Right to Access Information -- 6.1.2 Duty of Confidentiality -- 6.1.3 Access to Privileged Documents -- 6.1.4 Restriction on Trade -- 6.1.4.1 Trading Walls -- 6.1.4.2 Market Abuse Regulation -- 6.2 Protection of Debtor's Confidential Information -- 6.2.1 Protective Order -- 6.2.2 Settlement with a Debtor -- 7 Other Stakeholders -- 7.1 Bidders/Acquirers in a Sale of Business Process -- 7.1.1 Confidentiality Agreements -- 7.1.2 Sale Including Privileged Documents -- 7.2 Clients -- 8 Banks (As Professional Service Providers) -- 8.1 Bank Secrecy -- 8.1.1 The Contractual and Statutory Basis for Bank Secrecy -- 8.1.2 Exceptions to Bank Secrecy -- 8.2 Bank Secrecy in Insolvency Proceedings -- 8.2.1 Access to Information Protected by Bank Secrecy -- 8.2.2 Cross-Border Issues -- 9 Banks (As Debtors) -- 9.1 Bank Insolvency and Bank Resolution -- 9.1.1 Bank Insolvency -- 9.1.2 Bank Resolution -- 9.2 Banks' Duty of Providing Information to Resolution Authorities -- 9.2.1 Professional Secrecy versus Duty of Disclosure -- 9.2.2 Recovery and Resolution Plans (Living Wills) and Confidential Information Attached Therein -- 9.3 Assertion and Waiver of Attorney-Client Privilege in Bank Insolvency/Resolution -- 9.4 Bridge Institutions -- 10 Resolution Authorities and Other Agencies -- 10.1 Designation of Resolution Authorities -- 10.2 The Power of Resolution Authorities to Obtain Debtors' Information -- 10.3 Duty of Confidentiality of Resolution Authorities -- 10.3.1 The Duty of Confidentiality in Resolution -- 10.3.2 Persons Subject to Duty of Confidentiality -- 10.3.3 Requirements for the Fulfilment of Duty of Confidentiality -- 10.3.4 Duty of Confidentiality versus Information Sharing.

10.4 Deposit Guarantee Schemes -- 10.4.1 Depositors and Deposit Guarantee Schemes -- 10.4.2 Duty of Confidentiality for Deposit Insurers -- 11 Summary and Conclusions -- Bibliography -- Annex I: List of cases -- Annex II: Duty of confidentiality for insolvency practitioners -- Annex III: Duty of confidentiality for courts -- Annex IV: Selected List of Regulations.

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