ANNOUNCEMENT 12 Jul 2016

The European Union and the United States adopted a EU-U.S. Privacy Shield in order to provide companies on both sides of the Atlantic with a mechanism to comply with data-protection requirements when transferring personal data between the European Union to the United States in support of transatlantic commerce.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising
Inception date: 12 Jul 2016 | Removal date: open ended

Local operations

Effective July 12, 2016 the European Union and the United States adopted a EU-U.S. Privacy Shield. The framework was designed by the U.S. Department of Commerce and the European Commission to provide companies on both sides of the Atlantic with a mechanism to comply with data-protection requirements when transferring personal data between the European Union and the United States in support of transatlantic commerce.

 

It is intended to protect the fundamental rights of persons in either party whose personal data is transferred to the other, and to facilitate trade by bringing legal clarity for businesses relying on transatlantic data transfers. As reached on February 2, 2016, the agreement replaced the old Safe Harbour framework, which had been declared invalid by the European Court of Justice in an October 6, 2015 ruling.

 

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A