Privacy Shield is Dead

  • 12 Aug 2020
  • 11:30 AM

Privacy Shield is Dead:  
What does this mean for US and EU/UK Business? 

REGISTER

When: Wednesday, August 12, 11:30am (EDT)

Format: Virtual Webinar


What are the issues?

On July 16th 2020 the European Court of Justice passed a significant judgment: it struck down the EU-US Privacy Shield, removing a key method for lawful transfers of personal data from the EU (and the UK) to the USA. 

What does this mean for all organizations?

You could be in breach of the Data Protection Regulations around the world and subject to an immediate fine of up to €20 million ($22 million) or 4% of global annual turnover (whichever is higher).

You may be forced to  SUSPEND   or  CEASE  business with those 3rd parties to and from whom you transfer personal data.


Meet the Panel and Navigate the Changes

The Trust Bridge, in partnership with the British American Business Council Carolinas and The National Association of Corporate Directors Carolinas, is presenting this webinar with Malcolm Dowden of Transatlantic law firm Womble Bond Dickinson, Jonathan Bowker CEO of Innovative Integrations and David Clarke of The Trust Bridge who will examine the key issues, which should concern every CEO and Board director. 

They will also look at a fast seamless way to identify if your organization is potentially in breach and thus subject to significant fines, in the millions, and what to do to avoid that.

  • Be aware of any transfers of personal data to the US; and
  • More precisely, be aware of the particular US States to which personal data is being transferred; and
  • Seek specific confirmation that the receiving State affords meaningful protection and that this is covered in your contract clauses

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