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Building a reliable framework for transatlantic data flows
25 May 2023
Thursday, 25 May marks the fifth anniversary of the European General Data Protection Regulation. This milestone serves as a strong reminder of the importance of having a stable and workable regulatory environment for what has become the lifeblood of our economy: data transfers. However, the Court of Justice of the European Union’s decision to invalidate the EU-US Privacy Shield in 2020 has left companies across the Atlantic without a framework that enables them to transfer data compliantly. It is time for the EU and the US to find a sustainable replacement and establish the EU-US Data Privacy Framework – here’s how.