From JDSupra, David Anthony, Rachel Buck, Molly DiRago, Jonathan “Grady” Howe, Robyn Lin, and Lissette Payne report that the United States and Europe announced an agreement on a new data privacy framework that will permit the transfer of personal data from the European Union (EU) to the US under GDPR. They write:
The United States and the European Commission recently announced an “agreement in principle” on a new trans-Atlantic data privacy framework, which seeks to effectuate cross-border transfers of personal data from the European Union (EU) to the U.S. In Data Protection Commissioner v. Facebook Ireland Ltd, Maximilian Schrems and Intervening Parties (Schrems II), the Court of Justice of the European Union had invalidated the EU-U.S. Privacy Shield, which, at the time, was one of the primary mechanisms used for the cross-border transfers of personal data from the EU to the U.S. The new agreement provides a level of reprieve for businesses and organizations throughout the U.S. and Europe, seeking clarity and guidance on best practices to manage cross-border data transfers. To learn more about this agreement, click here.