Yesterday, on August 10, 2020, the European Commission (“Commission”) and the Department of Commerce (“DoC”) issued a joint statement announcing they are beginning discussions to evaluate potential enhancements to the EU-U.S. Privacy Shield framework. These discussions have begun to address compliance with the recent Schrems II decision by the Court Justice of the European Union (“CJEU”). Both entities recognized the importance of data protection in the EU and the U.S. as well as the significance of cross-border data transfers to the “nearly 800 million citizens on both sides of the Atlantic.” They also noted their shared commitment to privacy and the rule of law, as well as to further deepening their economic relationship.
To view the joint statement on the Commission’s website, click here.
To view the joint statement on the DoC’s website, click here.