Why don't I take a stab. I'm a lawyer, so I've been a through a few of these transactions in prior lives.
We have a simple deal to sell a company. We'll have business from company A to company B. Company B is interested in the assets that it's purchasing. The assets may include the employees of the business that it's purchasing. The problem under PIPEDA right now is that information concerning the name of the employee, address, etc., could be construed as personal information and therefore it would be difficult without the knowledge and consent of the particular employee to give that pertinent information to the prospective vendor of the company.
It's an asset that the purchaser is considering purchasing, but it's difficult to go through the due diligence process if you don't have that information. But because of the constraints in PIPEDA you can't give information with respect to employees.