It’s beginning to look a lot like (a Schrems II solution by) Christmas.
“A revised mechanism allowing companies to transfer Europeans’ data around the world may be ready before Christmas,” said EU digital chief Margrethe Vestager.
“My colleagues Vera Jourova and Didiers Reynders are working very, very hard to look at standard contractual clauses, at least for that to step in as an intermediate solution. They are very ambitious and hope that it can be in place before Christmas … because the situation right now is not sustainable.”