Political Agreement On A New Framework For Transatlantic Data Transfers Reached

Author:Mr Edgar Asebey, Cristiana Spontoni, Colleen Heisey, Jonathan Berman, Katherine M. Llewellyn, Aleš Bartl, Stephanie L. Resnik and Matthew R. Bowles
Profession:Jones Day

On February 2, 2016, EU and U.S. regulators reached a political agreement on a new "Safe Harbor 2.0" that could provide thousands of companies with a legal basis for transatlantic data transfers. The frameworkreferred to as the "EU-U.S. Privacy Shield"is the result of lengthy negotiations between EU and U.S. policymakers aimed at developing an alternative to the now defunct Safe Harbor...

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