Page 16 - Binding Corporate Rules News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To print this article, all you need is to be registered or login on Mondaq.com. Since entering into force in May 2018, the EU General Data Protection Regulation (GDPR) applies to all entities in the European Economic Area (EEA) and - due to the extended territorial scope - to a large extent also to entities outside of the EEA. The GDPR has led to a significant rise in data protection compliance duties. In case of violations, companies may face fines of up to 4% of the global annual turnover of the whole company group. Supervisory authorities do not seem to be afraid to...

On November 10, 2020, the recently established Taskforce of the European Data Protection Board ( EDPB), a body consisting of representatives of all the Data Protection Authorities ( DPAs) in the European Economic Area ( EEA), adopted two sets of Recommendations (one draft and the other finalised), both addressing the aftermath of the landmark Schrems II decision of the Court of Justice of the European Union ( CJEU), which had scrutinised international personal data transfers under the General Data Protection Regulation ( GDPR). Any international business should be aware of the significant im...