Practical-tips-for-managing-conflicts-of-law-in课件.pptxVIP

;Gir moderator;;YOUR FRA SPEAKERS;;;;;; The last few years have seen some significant developments in data privacy regulation including: Repeal of Safe Harbor Introduction of the EU-US Privacy Shield and Swiss-US Privacy Shield Approval of the General Data Protection Regulation UK data privacy post Brexit an unknown Election of Donald Trump to the US Presidency China’s cybersecurity law took effect on June 1 posing security and cost concerns for foreign companies With the advancement and reliance on technology to conduct cross-border business there will be no relaxation in data protection laws Regulatory investigations and related processes frequently span several years so strategic decisions made today around data transfers will have important ramifications down the line ; In 1995, the European Commission (“EC”) issued a Directive, which prohibited the transfer of personal data to non-EU countries that do not have an ‘adequate’ level of privacy protection It’s intent was to provide a mechanism to enable the free transfer of data between Europe and the US The US-EU Safe Harbour Framework was developed With the increasing internationalization of business and related data flows across borders, the EC recognized the lack of consistent safeguards around data privacy between member states and therefore proposed introducing true consistency via the General Data Protection Regulation (“GDPR”) ; A year after the EC began to draft the GDPR in 2012, Edward Snowden leaked information about the extent of the NSA’s mass surveillance and data collection practices, and almost concurrently an investigation into Facebook’s European privacy practices was launched by the Irish data protection watchdog The European Court of Justice have since reviewed the ‘adequacy’ criteria of data protection in the US The results of that review led to the Safe Harbour Framework being invalided in October 2015 Corporates were left in a state of uncertainty around data protection and