If you’re a company that has been scratching your head and racking your brain since the Schrems II decision issued on July 16, 2020, invalidating Privacy Shield and calling into question all data transfers between the EU and third countries on surveillance-related grounds, your wish for more guidance has finally come true.

This week, the

Last week, on July 16, 2020, Europe’s top court invalidated the EU-US data flow arrangement called Privacy Shield.  In a world with competing privacy regulations, many thousands of global businesses relied heavily Privacy Shield to conduct their business across EU-US borders (there are 5300+ current Privacy Shield participants, and the transatlantic economic relationship is valued