On February 2, 2016, the European Commission announced that a political agreement on a new legal framework for data transfers has been reached between the European Union (EU) and the U.S. Today’s agreement introduces the new “EU-U.S. Privacy Shield.” Although the details of the new agreement have not yet been released, this is a crucial step for thousands of businesses on both sides of the Atlantic engaged in transfers of data from the EU to the U.S.
Click here to read our complete WSGR Alert examining some key points of the agreement.