Practice question
A minority shareholder uses a lawful inspection to obtain confidential trade-secret information, then argues that the inspection right permits unrestricted public disclosure. Which is correct?
- Inspection abolishes confidentiality laws
- The information becomes ownerless
- Section 73 expressly keeps the inspecting party bound by applicable confidentiality rules
- Only majority shareholders owe confidentiality
- Any disclosure is automatically immune from liability
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, sections 23, 38, 42, 71, 73 and 74
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