Reed Smith Partners Cynthia O’Donoghue and Andreas Splittgerber delve into the recent developments surrounding the EU-U.S. Data Privacy Framework and discuss other data transfer mechanisms.
On July 10, 2023, the European Commission issued a long-awaited adequacy decision, marking a significant step in transatlantic data transfers. We explore the background and key privacy highlights of the Framework, the scope of companies involved, and the monitoring and enforcement mechanisms. We also discuss the potential challenges ahead, including Schrems' plans for a new legal challenge, and provide insights into choosing the right data transfer mechanism. Tune in to understand the implications and future prospects of this crucial data privacy development.
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