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US companies fret EDPB guidance on transatlantic data transfers means flows must stop

US companies fret EDPB guidance on transatlantic data transfers means flows must stop
Published on: 16 December 2020
Published by: MLex
  • US companies fret EDPB guidance on transatlantic data transfers means flows must stop
  • Cloud computing
  • Privacy Shield talks

Article summary

MLex: Nearly five months after the EU’s top court annulled the EU-US Privacy Shield—a legal tool used by companies to legally transfer data across the Atlantic—US companies are now realizing that strict conditions put on a second mechanism (Standard Contractual Clauses (SCCs)) that was upheld by EU judges may leave them with no legal basis for transatlantic personal data transfers. That legal dilemma is causing grave concern for many US companies given the $US 7.1trn trade relationship between the US and Europe. or take a trial to read the full analysis.

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