Join us for a pre-recorded web conference where we discuss the EU-U.S. Privacy Shield Framework, and the impact of its invalidation on business in the U.S. and worldwide, specifically its impact on Standard Contract Clauses (SCCs), and what companies can do now to navigate this new world of data transfers.
The invalidation of the EU-U.S. Privacy Shield Framework created a ripple effect throughout the world related the movement of data from the European Union to the United States. Because of the “Schrems II” decision of the Court of Justice of the European Union in July of 2020, more than 5,300 U.S. companies that used the EU-U.S. Privacy Shield Framework as the legal basis for trans-Atlantic data transfers have scrambled to find alternate legal means to continue these data transfers or other avenues of doing business with EU data. Besides the invalidation of this framework, the CJEU also pressed companies to strengthen their agreements, including standard contractual clauses to consider the surveillance laws in the country of data processing, and the ability of data processors to protect data.