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As I understand the company responsible for project implementation has merged within a big corporate. As a rule, all property of the small company becomes automatically the property of the corporate, including assets, buildings, and even manpower (depending on if the corporate does intend to keep them). Therefore it can not be systems configuration team that can take a decision. In any case now the small company does not exist as it has become a part of high profile corporate and hence the systems configuration team also becomes the part of corporate. The ‘code’ or software in any case is or was not the property of a team of that company, it was (and is) company’s property.
Project management
3. You are a Project Manager on an on-going project. Your company just merged with a large, high profile corporation. Since the corporate merger, the systems configuration team has refused to turn over code for the project because they believe it to be a conflict of proprietary ownership. The project has not been “killed” or gone through Change Management for restructuring. What are the sequential actions that should be taken to expedite the resolution of this issue 
