Data Privacy Considerations In Mergers And Acquisitions In Nigeria

Introduction

With the increase in the use of personal information by businesses in this digital age, compliance with data protection and privacy obligations is of increasing interest to many companies across jurisdictions. This is due to the heightened risks and incidence of hacking/compromise of the database of corporations and the enormous liabilities that arise from them. Furthermore, the widespread enactment of laws on data privacy in many countries has compelled companies to prioritise data privacy in their corporate policies and practices.

Expectedly, the emerging primacy of data privacy compliance by corporations has precipitated a reappraisal of key considerations in contemporary corporate transactions including mergers and acquisitions. Traditionally, when companies contemplate buying or merging with other companies, top-of-mind considerations are likely: determining the value of the asset. What is the brand recognition of the asset worth in the